Gold - Dec 23, 2020 - Reliance Securities
Posted On:
Mr. Sriram Iyer, Senior Research Analyst at Reliance Securities
International gold prices are trading with small gains this Wednesday morning and early afternoon trade in Asia tracking the weakness of the U.S Dollar and fresh stimulus hopes.
The Dollar Index was trading weak this Wednesday morning and early afternoon trade in Asia.
President-elect Joe Biden has said his administration will put forward another COVID-19 relief package early next year.
However, upside was capped after U.S. President Donald Trump said that he may not sign a COVID-19 bill passed by both the House of Representatives and the Senate.
TCS, HCL Tech, Infosys shares hit new 52-week highs; Nifty IT outruns benchmarks, rallies 115% since March
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Crude Oil - Dec 23, 2020 - Reliance Securities
Posted On:
Mr. Sriram Iyer, Senior Research Analyst at Reliance Securities
International oil prices are trading weak this Wednesday morning and early afternoon trade in Asia weighed down by a build in U.S. crude oil supplies and the travel curbs to curb the new strain of the COVID-19 virus and denting fuel demand.
Investors now await crude oil supply data from the U.S. Energy Information Administration, due later in the day.
Technically, WTI Crude Oil is trading on a Bearish note near 21-Daily Moving Average at $46.40 levels below which indicating further downside fall up to $46.00-$44.50 levels. Resistance is at $46.67-$47.80 levels.
Silver - Dec 22, 2020 - Reliance Securities
Posted On:
Mr. Sriram Iyer, Senior Research Analyst at Reliance Securities
International and domestic silver prices are trading weak this Tuesday morning and early afternoon trade tracking weak gold and a firm Dollar.
Technically, LBMA Silver Spot is trading below $26.00 levels indicating sideways to marginal downside trend to continue upto $25.60-$24.50 levels and support is at $25.90-$26.60 levels.
Technically, MCX Silver March is trading below 68000 levels indicating Bearish momentum to continue upto 66500-65200 levels support is at 68200-69300 level.
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