Zinc Trading Call – Zinc SELL Call 956 given at price 211.30 Achieved 1st Target 210.30 & 2nd Target 209.70. CMP 208.50. Total profit of 1.6 x 2 lot = 3.20 Points profitTIPS ID 956 : High Risk Call - SELL Zinc at CMP 211.30 for Target 210.30 - 209.70 with SL Above price 212.20AFTER POST CONTENT Read More
MCX ALUMINIUM TRADING TODAYAluminium Trading Today – Aluminium SELL Hold Call 8c2 given at price 159.10 Achieved 1st Target 155. Made 154.95 today. Profit of 4.1 x 2 lot = 8.20 Points / Rs 41000TIPS ID 8c2 : Aluminium Carry Hold - SELL 2 lot Aluminium May at CMP 159.10 for Target 155 - 153.50 with SL Above price 161.80AFTER POST CONTENT Read More
Gold has ticked higher as traders who previously took out short, or bearish, trades buy to offset or cover them, says Edward Meir, commodities consultant with INTL FCStone. As of 9:45 a.m. EDT, spot gold was $1.05 higher to $1,294.05 an ounce. “The precious metals group is higher right now, continuing a short-covering rally that set in over the course of yesterday's session after gold set a...Read More
(Kitco News) - Physical demand for gold has improved on the recent price decline, although traders say it’s still on the soft side and any pickup may not be quantifiable until key nations start releasing their import/export data for May.“It’s better than before, but it’s still not excellent,” said Afshin Nabavi, head of trading at trade house MKS (Switzerland) SA, in...Read More
Editor's Note: Welcome to Kitco's new Bitcoin Daily Technical Alert. Every trading day veteran Kitco technical analyst Jim Wyckoff will provide you with a concise and easy-to-understand near-term technical brief on Bitcoin. Importantly, Jim will glean the short-term charts and technical studies, and then alert you to the signals he sees regarding upcoming potential bigger price moves or price tren...Read More
On Monday, gold reversed smartly from the lows of the day to close higher. The rally brings about the question -- was the move on Monday a dead-cat bounce or has the rally begun? Based on the trade and where gold is now, a case can be made for either. If you are in the dead-cat-bounce group, the bounce from oversold conditions makes sense, with gold being under selling pressure for weeks. A relief...Read More
SHANGHAI, May 22 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightAs US-Sino trade concerns eased, the US dollar surged to a high of 93.97 overnight. It closed 0.1% lower at 93.55.Base metals received support as fears of a trade war abated but faced resistance from a stronger US dollar. LME base metals rose across the board with...Read More
SHANGHAI, May 22 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightAs US-Sino trade concerns eased, the US dollar surged to a high of 93.97 overnight. It closed 0.1% lower at 93.55.Base metals received support as fears of a trade war abated but faced resistance from a stronger US dollar. LME base metals rose across the board with...Read More
SHANGHAI, May 22 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightAs US-Sino trade concerns eased, the US dollar surged to a high of 93.97 overnight. It closed 0.1% lower at 93.55.Base metals received support as fears of a trade war abated but faced resistance from a stronger US dollar. LME base metals rose across the board with...Read More
The latest news and price moves to start the Asian day on Tuesday May 22.Base metals on the London Metal Exchange were predominantly higher at the close of trading on Monday May 21, with zinc and lead breaking through recent support and resisting the US dollar's six-month high. Read more in our live futures report.Here are how prices looked at the close of trading:Jiangxi Copper, China's larg...Read More
The latest news and price moves to start the Asian day on Tuesday May 22.Base metals on the London Metal Exchange were predominantly higher at the close of trading on Monday May 21, with zinc and lead breaking through recent support and resisting the US dollar's six-month high. Read more in our live futures report.Here are how prices looked at the close of trading:Jiangxi Copper, China's larg...Read More
A summary of base metals premiums from across the globe for the week to Tuesday May 22.Please click...Read More
The London Metal Exchange has confirmed that its "temporary conditional suspension" of Rusal-warranted metal will remain in place, Metal Bulletin has learned.The LME first announced the suspension on April 10 following the US' decision to sanction Oleg Deripaska and UC Rusal. The bourse specified that Rusal-warranted metal will remain under suspension unless deemed acceptable, highlighting that pr...Read More
Base metals on the London Metal Exchange were mixed at the close of trading on Tuesday May 22, with lead, copper and nickel prices rallying higher amid struggling performances elsewhere in the complex. Edging 2.6% higher, lead's three-month is leading the complex's gains, breaking above the resistance level at $2,400 per tonne.The metal is finding support from the open arbitrage between the LME an...Read More
Chinese vanadium export prices continued to register declines after exporters lowered their offers in order to drum up buying interest, while European vanadium prices again followed the downtrend in the Chinese market. Chinese export prices soften on thin trading European vanadium prices remain under pressure amid profit-taking US FeV market grinds to a halt, prices flatThe Chinese vanadium expor...Read More
Chinese vanadium export prices continued to register declines after exporters lowered their offers in order to drum up buying interest, while European vanadium prices again followed the downtrend in the Chinese market. Chinese export prices soften on thin trading European vanadium prices remain under pressure amid profit-taking US FeV market grinds to a halt, prices flatThe Chinese vanadium expor...Read More
The rally in manganese flake prices is likely to resume after production cuts at Ningxia Tianyuan, the world's biggest manganese flake producer, market participants told Metal Bulletin. Ningxia Tianyuan has reduced manganese flake output by around 16,000 tonnes per month due to one of its three facilities closing down for maintenance, a source at the company told Metal Bulletin. Ningxia Tianyuan h...Read More
The Turkish deep-sea scrap market remained silent on Tuesday May 22, with mills still looking for lower prices.The mills continue to struggle with the weakness of the lira against the US dollar, which is affecting the local market very badly, while the demand for finished steel in the export markets was also sluggish, according to market sources.Turkish mills booked only three deep-sea cargoes las...Read More
Comex copper maintained optimism through to the US morning on Tuesday May 22 with the red metal trading at the highest point since late April. Copper for July settlement on the Comex division of the New York Mercantile Exchange rose 3.95 cents or 1.4% to $3.1380 per lb. The contract hit a high of $3.1430, the strongest point since...Read More
Three-month base metals prices on the London Metal Exchange were little changed to weaker on the morning of Tuesday May 22, with prices down by an average of 0.3%. This was skewed, however, by losses of around 0.6% in aluminium, nickel and zinc. Copper was off by 0.1% at $6,894 per tonne.Volume on the LME has been average with 5,183 lots traded as at 07.02 am London time. This follows a strong per...Read More