News

Outlook on Crude Oil : Demand concern to keep oil prices under pressure By Mr. Mahesh Kumar, Abans Group Outlook on Crude Oil by  Mr. Mahesh Kumar,  EVP & Head Capital  & Commodities Market  (Abans Group) Demand concern to keep oil prices under pressure WTI Crude oil is now trading near $96.88 which is sharply lower from recent top of $123.68 registered last month. Oil prices are trading mostly lower from last five weeks due to poor demand anticipation and recession fear in US and other leading economies.  Due to worries about demand in China and Ja...
Outlook on Crude Oil : Demand concern to keep oil prices under pressure By Mr. Mahesh Kumar, Abans Group
Outlook on Crude Oil : Demand concern to keep oil prices under pressure By Mr. Mahesh Kumar, Abans Group
Source: PR Agency
13/07/2022 5:12:07 PM
Outlook on Crude Oil : Around $115.70, WTI Crude oil will encounter strong resistance By Mr. Mahesh Kumar, Abans Group Outlook on Crude Oil 30 June 2022 By Mr. Mahesh Kumar,  EVP & Head Capital  & Commodities Market  Abans Group Around $115.70, WTI Crude oil will encounter strong resistance. WTI Crude oil future contract is now trading near 109.70 which is marginally higher from last week’s low of 101.53 registered on 22 June 2022. However prices are still below recent top of 123.68 registered on 14 June 2022. Crude oil has been fluctuating over the past few weeks due t...
Outlook on Crude Oil : Around $115.70, WTI Crude oil will encounter strong resistance By Mr. Mahesh Kumar, Abans Group
Outlook on Crude Oil : Around $115.70, WTI Crude oil will encounter strong resistance By Mr. Mahesh Kumar, Abans Group
Source: PR Agency
30/06/2022 3:35:43 PM
Outlook on Gold By Mr. Mahesh Kumar, Abans Group Below is Outlook on Gold by  Mr. Mahesh Kumar,  EVP & Head Capital  & Commodities Market  (Abans Group) With the dollar index strengthening, gold is likely to trade lower. Spot gold is now trading near $1835 which is sharply lower from this month’s high of 1882.5 registered last week. Strength in dollar index and bond yi8oled is keeping gold prices under pressure. US Dollar index future is now trading near 103.912; US bond yield is now trading...
Outlook on Gold By Mr. Mahesh Kumar, Abans Group
Outlook on Gold By Mr. Mahesh Kumar, Abans Group
Source: PR Agency
21/06/2022 2:19:23 PM
Outlook on Natural Gas By Mr. Mahesh Kumar, Abans Group Below is Outlook on Natural Gas by  Mr. Mahesh Kumar,  EVP & Head Capital  & Commodities Market  (Abans Group) US Natural Gas under pressure from addition for domestic supply The Nymex US Natural Gas futures contract is now trading near $7.258, down from last week's high of $9.664 on June 8, 2022. Natural gas prices fell yesterday after Freeport LNG said its facility, which caught fire last week, is unlikely to reopen anytime soon. Freeport...
Outlook on Natural Gas By Mr. Mahesh Kumar, Abans Group
Outlook on Natural Gas By Mr. Mahesh Kumar, Abans Group
Source: PR Agency
15/06/2022 4:30:59 PM
Outlook on Crude Oil By Mr. Mahesh Kumar, Abans Group Below is Outlook on Crude Oil by  Mr. Mahesh Kumar,  EVP & Head Capital  & Commodities Market  (Abans Group) Positive demand outlook from China to keep oil prices firm WTI Crude oil s now trading near $119.3 per barrel which is sharply up in recent time and prices are marginally lower from multiyear high of $130.50 per barrel registered in March 2022 after Russia invaded Ukraine.  Crude oil prices found fresh support after China eased some pand...
Outlook on Crude Oil By Mr. Mahesh Kumar, Abans Group
Outlook on Crude Oil By Mr. Mahesh Kumar, Abans Group
Source: PR Agency
6/06/2022 4:41:39 PM
Outlook on Gold By Mr. Mahesh Kumar, Abans Group Below is Outlook on Gold by Mr. Mahesh Kumar,  EVP & Head Capital  & Commodities Market  (Abans Group) Gold prices are likely to remain firm due to weakness in US dollar A recent drop in dollar index from high registered at 105.065 on   13 May is supporting precious metals as safe have demand for US dollar is decreasing and providing support to gold . Gold futures on the CME are currently trading at $1857.75, up from $1792 on May 16th.&nbs...
Outlook on Gold By Mr. Mahesh Kumar, Abans Group
Outlook on Gold By Mr. Mahesh Kumar, Abans Group
Source: PR Agency
31/05/2022 2:54:42 PM
Outlook on Crude Oil By Mr. Mahesh Kumar, Abans Group  Crude oil is likely to remain under pressure  A rally in the dollar index to a 2-year high Friday weighed on energy prices. WTI Crude oil is now trading at $96 per barrel which is sharply lower from recent high of $115.54 per barrel registered on 7th March.  Crude retreated on signs that China will maintain its strict Covid-Zero policy and keep pandemic lockdowns in place, which will reduce energy demand. As per Bloomberg report, Pandemic lockdowns in China will curb d...
Outlook on Crude Oil By Mr. Mahesh Kumar, Abans Group
Outlook on Crude Oil By Mr. Mahesh Kumar, Abans Group
Source: PR Agency
25/04/2022 5:00:39 PM
Outlook on Copper by Mr. Mahesh Kumar, Abans Group Below is Outlook on Copper by  Mr. Mahesh Kumar,  EVP & Head Capital  & Commodities Market  (Abans Group) Due to poor demand and rising inventories at the London Metal Exchange, copper's upside is limited. LME 3 M Copper is now trading near $10313 per mt , stimulus hope in china and supply concern in Peru and Chile are keeping prices firm however, China lockdown concerns, rising stocks are keeping a cap on prices. Copper prices are under...
Outlook on Copper by Mr. Mahesh Kumar, Abans Group
Outlook on Copper by Mr. Mahesh Kumar, Abans Group
Source: PR Agency
21/04/2022 3:42:21 PM
Outlook on Crude Oil By Mr. Mahesh Kumar, Abans Group Demand concern in China to keep oil prices under pressure -  CME WTI Crude oil prices are now trading near $96per barrel, sharply lower from recent high of $130.50 per barrel registered on 7 March 2022 and marginally up from last month’s low of 93.53 per barrel.  Crude oil prices  remained under pressure as International Energy Agency (IEA) member nations plan to release a total of 240 million barrels to the global market within six months. The decision of IEA cou...
Outlook on Crude Oil By Mr. Mahesh Kumar, Abans Group
Outlook on Crude Oil By Mr. Mahesh Kumar, Abans Group
Source: PR Agency
11/04/2022 4:43:27 PM
Outlook on Crude Oil By Mr. Mahesh Kumar, Abans Group Below is Outlook on Crude Oil by Mr. Mahesh Kumar,  EVP & Head Capital  & Commodities Market  (Abans Group) Covid-19 spread and fresh lockdown in china to limit oil prices rally -  CME WTI Crude oil is currently trading near $109.36 per barrel, slightly lower than last week's high of $116.64 per barrel, on the basis of growing concern about reduced fuel consumption in China following the commencement of a two-stage lockdown in Shanghai to l...
Outlook on Crude Oil By Mr. Mahesh Kumar, Abans Group
Outlook on Crude Oil By Mr. Mahesh Kumar, Abans Group
Source: PR Agency
28/03/2022 3:54:45 PM
Outlook on Natural Gas by Mr. Mahesh Kumar, Abans Group Below is outlook on Natural Gas by Mr. Mahesh Kumar,  EVP & Head Capital  & Commodities Market  (Abans Group) Colder weather temperature in US is supportive for Natural gas prices for heating demand -  CME Natural Gas prices have risen to a seven-week high, trading above $5.119, a significant increase from the recent low of $3.876 last month. A change in the weather forecast aided this rally. The Commodity Weather Group said it expects below-no...
Outlook on Natural Gas by Mr. Mahesh Kumar, Abans Group
Outlook on Natural Gas by Mr. Mahesh Kumar, Abans Group
Source: PR Agency
23/03/2022 1:06:17 PM
Outlook on Gold By Mr. Mahesh Kumar, Abans Group Hawkish central bank policy comments to keep gold prices under pressure The CME Gold future contract is now trading near $1924, with safe haven demand owing to the Ukraine conflict supporting prices, but upside is limited due to ECB, BOE, and US FED hawkish policies. The Ukraine situation is showing no indications of abating, with Ukraine rejecting Russian calls to cede Mariupol, the port city encircled with no food, water, or power, and ferocious fighting showing no signs of easing. ...
Outlook on Gold By Mr. Mahesh Kumar, Abans Group
Outlook on Gold By Mr. Mahesh Kumar, Abans Group
Source: PR Agency
21/03/2022 3:24:55 PM
Outlook on Gold By Mr. Mahesh Kumar, Abans Group Below is Outlook on Gold by Mr. Mahesh Kumar,  EVP & Head Capital  & Commodities Market  (Abans Group) Gold is currently trading in the red, and the US Federal Reserve meeting is expected to provide new guidance. CME Gold future contract is now trading at $1916 sharply lower from recent high of $2078.80 registered on 8 March 2022.  Gold prices have risen as a result of the Ukraine crisis, but the US Federal Reserve meeting later today is e...
Outlook on Gold By Mr. Mahesh Kumar, Abans Group
Outlook on Gold By Mr. Mahesh Kumar, Abans Group
Source: PR Agency
16/03/2022 2:19:03 PM
Outlook on Crude Oil By Mr. Mahesh Kumar, Abans Group Below is Outlook on Crude Oil by Mr. Mahesh Kumar,  EVP & Head Capital  & Commodities Market  (Abans Group) Russia and Ukraine talks to keep oil prices under check WTI Crude oil is now trading at $105, sharply lower from recent high of $130.50 registered on 7 March 2022. Russia and Ukraine gave their most upbeat assessments after weekend negotiations, suggesting there could be positive results within days, slightly negative for oil pr...
Outlook on Crude Oil By Mr. Mahesh Kumar, Abans Group
Outlook on Crude Oil By Mr. Mahesh Kumar, Abans Group
Source: PR Agency
14/03/2022 4:27:16 PM
Outlook on Natural Gas by Mr. Mahesh Kumar, Abans Group Below is outlook on Natural Gas by Mr. Mahesh Kumar,  EVP & Head Capital  & Commodities Market  (Abans Group) Natural Gas – down trend is likely to continue Natural gas prices corrected from recent high of $5.184 registered on Monday and now trading near $4.603 marginally up from yesterday’s low of $4.451 US temperatures are likely to decrease heating demand for natural gas. As per weather agency Atmospheric G2, above-normal temperatures a...
Outlook on Natural Gas by Mr. Mahesh Kumar, Abans Group
Outlook on Natural Gas by Mr. Mahesh Kumar, Abans Group
Source: PR Agency
10/03/2022 3:46:14 PM
Outlook on Gold by Mr. Mahesh Kumar, Abans Group Below is Outlook on Gold by Mr. Mahesh Kumar,  EVP & Head Capital  & Commodities Market  (Abans Group) Ukraine crisis is likely to keep gold prices firm Gold is now trading near 2015.20 sharply up due to ongoing crisis between Russia and Ukraine. Geopolitical issues have increased demand for safe haven asset. The war in Ukraine seems likely to continue, which is supportive for bullion, after Russian President Putin said the Ukrainian government must...
Outlook on Gold by Mr. Mahesh Kumar, Abans Group
Outlook on Gold by Mr. Mahesh Kumar, Abans Group
Source: PR Agency
8/03/2022 4:14:20 PM
Outlook on Gold By Mr. Mahesh Kumar, Abans Group Below is Outlook on Gold by Mr. Mahesh Kumar,  EVP & Head Capital  & Commodities Market  (Abans Group) Gold is likely to trade firm while above $1877 Gold is currently trading at $1898 per troy ounce, a slight decrease from Monday's high of $1918.30 per troy ounce. However, prices have risen significantly from last year's low of $1680 per troy ounce in August 2021 to a multi-month high. Due to ongoing conflicts between Russia and Ukraine,...
Outlook on Gold By Mr. Mahesh Kumar, Abans Group
Outlook on Gold By Mr. Mahesh Kumar, Abans Group
Source: PR Agency
23/02/2022 3:58:14 PM
Outlook on Crude Oil by Mr. Mahesh Kumar, Abans Group Below is Outlook on Crude Oil by Mr. Mahesh Kumar,  EVP & Head Capital  & Commodities Market  (Abans Group) WTI Crude oil is expected to trade firm while remaining above a key support level of $88.1-$85.2. WTI Crude oil April month expiry contract is now trading near $90.08, sharply lower from recent high of $95.82 registered on 14th February. However prices are still trading near multiyear high on the back drop of improvement in demand and geo...
Outlook on Crude Oil by Mr. Mahesh Kumar, Abans Group
Outlook on Crude Oil by Mr. Mahesh Kumar, Abans Group
Source: PR Agency
21/02/2022 4:02:28 PM
Outlook on Gold by Mr. Mahesh Kumar, Abans Group Below is Outlook on Gold by Mr. Mahesh Kumar,  EVP & Head Capital  & Commodities Market  (Abans Group) Gold upside is capped by interest rate hike anticipation  Gold is now trading near $1858, sharply lower from yesterday’s high of $1881.60 however prices are still near multi month high.  Weakness in US dollar index is supporting positive move in gold prices . US dollar index is now trading near $95.80 which is sharply lower from rec...
Outlook on Gold by Mr. Mahesh Kumar, Abans Group
Outlook on Gold by Mr. Mahesh Kumar, Abans Group
Source: PR Agency
16/02/2022 4:47:07 PM
Outlook on Natural Gas by Mr. Mahesh Kumar, Abans Group Below is Outlook on Natural Gas by Mr. Mahesh Kumar,  EVP & Head Capital  & Commodities Market  (Abans Group) The forecast for above-normal temperatures is likely to keep gas prices under pressure. Natural gas prices are now trading at $4.002, slightly higher than yesterday's low of $3.883 but significantly lower than the recent high of $5.572 set on February 2nd. Forecasted mild temperatures in the United States will likely reduce heating deman...
Outlook on Natural Gas by Mr. Mahesh Kumar, Abans Group
Outlook on Natural Gas by Mr. Mahesh Kumar, Abans Group
Source: PR Agency
11/02/2022 3:55:45 PM
Outlook on Crude Oil By Mr. Mahesh Kumar, Abans Group Below is Outlook on Crude Oil by Mr. Mahesh Kumar,  EVP & Head Capital  & Commodities Market  (Abans Group) US Inventory data are likely to be supportive for oil prices. WTI crude oil prices are now trading at $89.23 which is marginally lower from yesterday’s closing but still trading at multiyear high. Crude oil prices are supported by recent rise geopolitical issues, increasing oil demand.  A reduction in geopolitical tensions betwee...
Outlook on Crude Oil By Mr. Mahesh Kumar, Abans Group
Outlook on Crude Oil By Mr. Mahesh Kumar, Abans Group
Source: PR Agency
9/02/2022 4:01:01 PM
Concerns about inflation and geopolitical issues will continue to support gold prices by Mr. Mahesh Kumar, Abans Group Below is Outlook on Gold by Mr. Mahesh Kumar,  EVP & Head Capital  & Commodities Market  (Abans Group) Concerns about inflation and geopolitical issues will continue to support gold prices. Comex gold future contract prices are now trading at $1813, up from a low of $1785 last week. Inflationary pressures from rising oil prices and rising tensions between Russia and Ukraine enhance gold's positive price movement. According to Bank of America ...
Concerns about inflation and geopolitical issues will continue to support gold prices by Mr. Mahesh Kumar, Abans Group
Concerns about inflation and geopolitical issues will continue to support gold prices by Mr. Mahesh Kumar, Abans Group
Source: PR Agency
7/02/2022 3:51:08 PM
Outlook on Copper by Mr. Mahesh Kumar, Abans Group Below is Outlook on Copper by  Mr. Mahesh Kumar,  EVP & Head Capital  & Commodities Market  (Abans Group) Copper supply concern to keep prices firm in short term LME 3 month copper prices are now trading at $9792 per metric tonne, down 0.52 percent from the previous close but still higher than last week's low of $9458 per metric tonne. As of 3 February, copper stockpiles in LME-approved warehouses were at 82400 tonnes, down almost 65 percent...
Outlook on Copper by Mr. Mahesh Kumar, Abans Group
Outlook on Copper by Mr. Mahesh Kumar, Abans Group
Source: PR Agency
4/02/2022 11:15:43 AM
Outlook on Crude Oil By Mr. Mahesh Kumar, Abans Group Below is Outlook on Crude Oil by Mr. Mahesh Kumar,  EVP & Head Capital  & Commodities Market  (Abans Group) Concerns over supply and a strong demand forecast are expected to keep crude oil prices high.   On the basis of increasing supply fears and robust demand forecasts from China and India, WTI Crude oil is now trading near $85.66, its highest level since November 2014. Data from India's oil ministry showed India Dec oil-product consum...
Outlook on Crude Oil By Mr. Mahesh Kumar, Abans Group
Outlook on Crude Oil By Mr. Mahesh Kumar, Abans Group
Source: PR Agency
19/01/2022 5:53:32 PM
Gold gains are projected to be limited as bond yields increase by Mr. Mahesh Kumar, Abans Group Below is Outlook on Gold by Mr. Mahesh Kumar,  EVP & Head Capital  & Commodities Market  (Abans Group) Gold gains are projected to be limited as bond yields increase Gold is stabilizing in a narrow range near $1814 but likely to remain under pressure due to the strength of the US bond yield. In 2022, yields have been rising in anticipation of interest rate hikes by the US Federal Reserve as early as March. Gold market is likely to get fresh d...
Gold gains are projected to be limited as bond yields increase by Mr. Mahesh Kumar, Abans Group
Gold gains are projected to be limited as bond yields increase by Mr. Mahesh Kumar, Abans Group
Source: PR Agency
18/01/2022 2:57:54 PM
Natural gas prices are supported by a winter storm and below-average temperatures By Mr. Mahesh Kumar, Abans Group Below is Outlook on Natural Gas by Mr. Mahesh Kumar,  EVP & Head Capital  & Commodities Market  (Abans Group) Natural gas prices are supported by a winter storm and below-average temperatures. Natural gas prices are currently trading at $4.726, somewhat down than yesterday's high of $4.879, but the shift in weather conditions brought on by the winter storm is helping to maintain gas prices, which have risen from a recent low of $3.536 in the las...
Natural gas prices are supported by a winter storm and below-average temperatures By Mr. Mahesh Kumar, Abans Group
Natural gas prices are supported by a winter storm and below-average temperatures By Mr. Mahesh Kumar, Abans Group
Source: PR Agency
13/01/2022 3:21:50 PM
Outlook on Crude Oil By Mr. Mahesh Kumar, Abans Group Below is Outlook on Crude Oil by Mr. Mahesh Kumar,  EVP & Head Capital  & Commodities Market  (Abans Group) Oil prices will be supported by OPEC's tight supply Crude Oil WTI After a two-day drop to $77.83 yesterday, are now hovering at $78.93. Oil prices are trading at a significant discount to their recent high of $85.4 set in October 2021 and a significant premium to their recent low of $62.43 set earlier this month. Oil prices will be underpi...
Outlook on Crude Oil By Mr. Mahesh Kumar, Abans Group
Outlook on Crude Oil By Mr. Mahesh Kumar, Abans Group
Source: PR Agency
11/01/2022 2:54:49 PM
Rising global bond yields to keep gold prices under pressure By Mr. Mahesh Kumar, Abans Group Below is Outlook on Gold by Mr. Mahesh Kumar,  EVP & Head Capital  & Commodities Market (Abans Group) Rising global bond yields to keep gold prices under pressure Gold prices are trading near $1794 with moderate loss today but significantly lower from last week’s high of $1833. Strength in dollar index and bond yields due to hawkish fed comments is keeping prices under pressure. However, global spike in new Covid infections, gold prices are anticip...
Rising global bond yields to keep gold prices under pressure By Mr. Mahesh Kumar, Abans Group
Rising global bond yields to keep gold prices under pressure By Mr. Mahesh Kumar, Abans Group
Source: PR Agency
10/01/2022 4:26:55 PM
Outlook on Base metals By Mr. Mahesh Kumar, Abans Group Below is Outlook on Base metals by Mr. Mahesh Kumar,  EVP & Head Capital  & Commodities Market  (Abans Group) Supply concern to keep Aluminum and Zinc prices supported LME 3 months Copper is hovering around 9728, down 0.41 percent from yesterday, Nickel is at 20780, down 1.69 percent from yesterday, while Lead and Zinc are both down 0.35 percent and 0.67 percent from yesterday. The rise in the dollar index has a negative impact on metals prices. T...
Outlook on Base metals By Mr. Mahesh Kumar, Abans Group
Outlook on Base metals By Mr. Mahesh Kumar, Abans Group
Source: PR Agency
5/01/2022 5:05:28 PM
Outlook on Crude Oil By Mr. Mahesh Kumar, Abans Group Below is Outlook on Crude Oil by Mr. Mahesh Kumar,  EVP & Head Capital  & Commodities Market  (Abans Group) On ambivalent sentiments, WTI Crude Oil is hovering around $76 a barrel. Crude oil prices are marginally up from Fridays closing and hovering around $75.80 on mixed sentiments. Concerns over rapidly spreading COVID-19 pandemic are likely to keep oil prices under pressure. US health experts warned Americans to prepare for severe disruptions in ...
Outlook on Crude Oil By Mr. Mahesh Kumar, Abans Group
Outlook on Crude Oil By Mr. Mahesh Kumar, Abans Group
Source: PR Agency
3/01/2022 6:00:19 PM
Natural gas prices are likely to trade lower while below the $3.91-$3.984 barrier line By Mr. Mahesh Kumar, Abans Group Below is Outlook on Natural Gas by Mr. Mahesh Kumar,  EVP & Head Capital  & Commodities Market  (Abans Group) Above normal temperature forecast to keep gas prices under pressure After a rise to $3.924 yesterday, natural gas prices are now trading at $3.730. A change in the weather prediction is predicted to keep the bearish trend going for the time being. Gas prices jumped on Monday after forecasts for colder temperatures in the United States by the...
Natural gas prices are likely to trade lower while below the $3.91-$3.984 barrier line By Mr. Mahesh Kumar, Abans Group
Natural gas prices are likely to trade lower while below the $3.91-$3.984 barrier line By Mr. Mahesh Kumar, Abans Group
Source: PR Agency
21/12/2021 3:17:37 PM
Gold prices will find substantial resistance near $1795-$1807 By Mr. Mahesh Kumar, Abans Group Below is Outlook on Gold by Mr. Mahesh Kumar,  EVP & Head Capital  & Commodities Market (Abans Group) Gold prices will find substantial resistance near $1795-$1807  Comex gold prices have risen from a low of $1753 yesterday to trade above $1784, although they are still much below the recent high of $1881.90 set on November 16th. The Federal Reserve's hawkish stance on monetary policy is being weighed by a decline in the US dollar index after the...
Gold prices will find substantial resistance near $1795-$1807 By Mr. Mahesh Kumar, Abans Group
Gold prices will find substantial resistance near $1795-$1807 By Mr. Mahesh Kumar, Abans Group
Source: PR Agency
16/12/2021 2:56:28 PM
Global central bank policy initiatives are likely to support copper prices By Mr. Mahesh Kumar, Abans Group Below is Outlook on Copper by Mr. Mahesh Kumar,  EVP & Head Capital  & Commodities Market  (Abans Group) Global central bank policy initiatives are likely to support copper prices.  LME 3 M Copper prices are now trading at $9532 per mt , prices are marginally up in last two session after recent drop. Copper prices are gaining traction following China's commitment to focus on economic stability if global economic development is harmed by a n...
Global central bank policy initiatives are likely to support copper prices By Mr. Mahesh Kumar, Abans Group
Global central bank policy initiatives are likely to support copper prices By Mr. Mahesh Kumar, Abans Group
Source: PR Agency
13/12/2021 3:11:18 PM
Gold holds in range ahead of US CPI data By Mr. Mahesh Kumar, Abans Group Below is Outlook on Gold by Mr. Mahesh Kumar,  EVP & Head Capital  & Commodities Market (Abans Group) Gold holds in range ahead of US CPI data Gold prices are currently trading at $1784 per toz, following a little recovery from a recent low of $1762.20 on December 2. Prices are kept in check by the strength of the dollar index and the yield on US bonds. However, gold prices are anticipated to take a new direction as a result of the US CPI data, which wil...
Gold holds in range ahead of US CPI data By Mr. Mahesh Kumar, Abans Group
Gold holds in range ahead of US CPI data By Mr. Mahesh Kumar, Abans Group
Source: PR Agency
9/12/2021 4:51:43 PM
Natural gas prices may trade firm while above $3.30 By Mr. Mahesh Kumar, Abans Group Below is Outlook on Natural Gas by Mr. Mahesh Kumar,  EVP & Head Capital  & Commodities Market  (Abans Group) Natural gas prices may trade firm while above $3.30 On the strength of a change in weather prediction, natural gas prices are trading marginally up from Monday's low of $3.630 and consolidating near $$3.77. The National Oceanic and Atmospheric Administration (NOAA) is forecasting colder weather on the West Coast, but warmer-than-normal c...
Natural gas prices may trade firm while above $3.30 By Mr. Mahesh Kumar, Abans Group
Natural gas prices may trade firm while above $3.30 By Mr. Mahesh Kumar, Abans Group
Source: PR Agency
8/12/2021 3:04:42 PM
WTI Crude oil is expected to confront tough resistance near $69.50 By Mr. Mahesh Kumar, Abans Group Below is Outlook on Crude Oil by Mr. Mahesh Kumar,  EVP & Head Capital  & Commodities Market  (Abans Group) WTI Crude oil is expected to confront tough resistance near $69.50. Oil markets have opened firmer on Monday morning after a dismal close on Friday. After the Saudis raised their official selling prices (OSP) for all grades of their crude oil into Asia for January, WTI Crude oil is trading comfortably near US$67.81/bbl, marginally higher than ...
WTI Crude oil is expected to confront tough resistance near $69.50 By Mr. Mahesh Kumar, Abans Group
WTI Crude oil is expected to confront tough resistance near $69.50 By Mr. Mahesh Kumar, Abans Group
Source: PR Agency
6/12/2021 4:36:28 PM
Natural gas's downward trend is expected to continue By Mr. Mahesh Kumar, Abans Group Below is Outlook on Natural Gas by Mr. Mahesh Kumar,  EVP & Head Capital  & Commodities Market  (Abans Group) Natural gas's downward trend is expected to continue. US natural gas futures extended losses and continued to hold near $4.245 on the backdrop of change in weather forecast and reducing concerns of winter supply shortages. US natural gas prices are in negative trend from last three months after registering recent high of $6.466 in Octobe...
Natural gas's downward trend is expected to continue By Mr. Mahesh Kumar, Abans Group
Natural gas's downward trend is expected to continue By Mr. Mahesh Kumar, Abans Group
Source: PR Agency
2/12/2021 4:52:19 PM
Fears of the Omicron virus is limiting oil's upside potential By Mr. Mahesh Kumar, Abans Group Below is Outlook on Crude Oil by Mr. Mahesh Kumar,  EVP & Head Capital  & Commodities Market  (Abans Group) Fears of the Omicron virus is limiting oil's upside potential Crude oil prices are somewhat higher ahead of this week's OPEC meeting, but they are still under pressure due to new fears that the new omicron covid type may damage oil demand once more. WTI Crude oil is currently trading at $68.69 per barrel, up slightly from yesterday'...
Fears of the Omicron virus is limiting oil's upside potential By Mr. Mahesh Kumar, Abans Group
Fears of the Omicron virus is limiting oil's upside potential By Mr. Mahesh Kumar, Abans Group
Source: PR Agency
1/12/2021 3:18:11 PM
Gold prices will be supported by demand for safe haven assets By Mr. Mahesh Kumar, Abans Group Below is Outlook on Gold by Mr. Mahesh Kumar,  EVP & Head Capital  & Commodities Market  (Abans Group) Gold prices will be supported by demand for safe haven assets. Gold prices are up somewhat from Friday's lows, presently trading at $1798, reflecting safe-haven demand in the aftermath of the fast spreading omicron coronavirus in numerous nations. A drop in global financial markets due to pandemic fears is likely to enhance gold demand as a saf...
Gold prices will be supported by demand for safe haven assets By Mr. Mahesh Kumar, Abans Group
Gold prices will be supported by demand for safe haven assets By Mr. Mahesh Kumar, Abans Group
Source: PR Agency
29/11/2021 3:35:33 PM
Fears about supply and demand are keeping oil prices under pressure By Mr. Mahesh Kumar, Abans Group Below is Outlook on Crude Oil by Mr. Mahesh Kumar,  EVP & Head Capital  & Commodities Market  (Abans Group) Fears about supply and demand are keeping oil prices under pressure. WTI Crude oil fell dramatically ahead of the United States' expected announcement of a coordinated release of reserves. After hitting a low of $74.76 per barrel, WTI crude oil is now trading near $75.91 per barrel, continuing its downward trend from a recent high of $85.4...
Fears about supply and demand are keeping oil prices under pressure By Mr. Mahesh Kumar, Abans Group
Fears about supply and demand are keeping oil prices under pressure By Mr. Mahesh Kumar, Abans Group
Source: PR Agency
24/11/2021 11:52:02 AM
Gold prices will be kept in check by the strength of the US Dollar index By Mr. Mahesh Kumar, Abans Group Below is Outlook on Gold By Mr. Mahesh Kumar,  EVP & Head Capital  & Commodities Market  (Abans Group) Gold prices will be kept in check by the strength of the US Dollar index. On Friday, gold prices fell drastically after hitting a recent high of 1879.50 on November 16th, and are presently trading at 1842.55, just below last week's low of 1844.42, owing to the strengthening of the dollar index. Due to the deepening of the global epidemic, the U...
Gold prices will be kept in check by the strength of the US Dollar index By Mr. Mahesh Kumar, Abans Group
Gold prices will be kept in check by the strength of the US Dollar index By Mr. Mahesh Kumar, Abans Group
Source: PR Agency
22/11/2021 2:57:57 PM
Outlook on Natural Gas by Mr. Mahesh Kumar, Abans Group Below is Outlook on Natural Gas by Mr. Mahesh Kumar,  EVP & Head Capital  & Commodities Market  (Abans Group) Natural gas price to remain weak  The December month expiry contract for natural gas is trading near $4.963, down sharply from this week's high of $5.394. Prices are down due to a change in weather prediction, which is expected to lower natural gas demand for heating. According to Atmospheric G2, the central-eastern United States wi...
Outlook on Natural Gas by Mr. Mahesh Kumar, Abans Group
Outlook on Natural Gas by Mr. Mahesh Kumar, Abans Group
Source: PR Agency
18/11/2021 3:53:23 PM
Short term positive trend is likely to continue in gold By Mr. Mahesh Kumar, Abans Group Below is Outlook on Gold By Mr. Mahesh Kumar,  EVP & Head Capital  & Commodities Market  (Abans Group) Short term positive trend is likely to continue in gold Gold futures on the CME are now trading near $1864, down slightly from the previous day's high of $1871.40, but still much above the recent low of $1677.90 set on August 9, 2021. Gold prices are rising due to increasing inflation expectations. Gold has been supported by marginal weaknes...
Short term positive trend is likely to continue in gold By Mr. Mahesh Kumar, Abans Group
Short term positive trend is likely to continue in gold By Mr. Mahesh Kumar, Abans Group
Source: PR Agency
15/11/2021 3:55:28 PM
Outlook on Natural Gas by Mr. Mahesh Kumar, Abans Group Below is Outlook on Natural Gas by Mr. Mahesh Kumar,  EVP & Head Capital  & Commodities Market  (Abans Group) Gas prices are expected to remain under pressure as US output rises and temperatures rise After a significant decrease in the previous five trading sessions and a recent low of $4.725 yesterday, the US Natural Gas future contract is trading moderately higher near $4.951. Gas prices have been falling for many days after reaching a recent high...
Outlook on Natural Gas by Mr. Mahesh Kumar, Abans Group
Outlook on Natural Gas by Mr. Mahesh Kumar, Abans Group
Source: PR Agency
11/11/2021 4:09:57 PM
Outlook on Crude Oil by Mr. Mahesh Kumar, Abans Group Below is Outlook on Crude Oil by Mr. Mahesh Kumar,  EVP & Head Capital  & Commodities Market  (Abans Group) Supply side holds the key for oil prices WTI crude oil is now trading near $82 per barrel after sharp rally from recent low of $78.25 per barrel registered on November 4th. Oil prices are projected to be supported as long as supply remains tight and confidence about global economic development grows. Crude gains are anticipated to be limited...
Outlook on Crude Oil by Mr. Mahesh Kumar, Abans Group
Outlook on Crude Oil by Mr. Mahesh Kumar, Abans Group
Source: PR Agency
9/11/2021 2:20:40 PM
Outlook on Gold by Mr. Mahesh Kumar, Abans Group Below is Outlook on Gold by Mr. Mahesh Kumar,  EVP & Head Capital  & Commodities Market  (Abans Group) Gold prices are being supported by the prospect of inflation and loose monetary policy. Following a significant rebound on Friday, gold prices are hanging at $1816.65, amid a dip in global bond yields last week. On Monday, sovereign government bond rates in the euro area remained near multi-week lows, continuing the downward trend that began last w...
Outlook on Gold by Mr. Mahesh Kumar, Abans Group
Outlook on Gold by Mr. Mahesh Kumar, Abans Group
Source: PR Agency
8/11/2021 4:29:36 PM
Outlook on Gold by Mr. Mahesh Kumar, Abans Group Below is Outlook on Gold by Mr. Mahesh Kumar,  EVP & Head Capital  & Commodities Market  (Abans Group) Global cent rank policy decisions this week to give fresh direction to gold prices Gold is currently trading at $1786, down from a recent high of $1812.7 on October 28th. This week's key central bank meeting has put a halt to gold's rally, which is expected to gain direction after the outcome of interest rate and inflation decisions. The US...
Outlook on Gold by Mr. Mahesh Kumar, Abans Group
Outlook on Gold by Mr. Mahesh Kumar, Abans Group
Source: PR Agency
1/11/2021 5:47:45 PM
Outlook on Natural Gas by Mr. Mahesh Kumar, Abans Group Below is Outlook on Natural Gas by Mr. Mahesh Kumar,  EVP & Head Capital  & Commodities Market  (Abans Group) Winter heating demand and export numbers are expected to keep natural gas prices bullish On the back of rising US exports and a rally in European gas prices, natural gas prices rallied to $6.231 in the early session today, continuing a bullish trend from the previous five trading sessions. Natural gas futures were bought by funds on Monday a...
Outlook on Natural Gas by Mr. Mahesh Kumar, Abans Group
Outlook on Natural Gas by Mr. Mahesh Kumar, Abans Group
Source: PR Agency
26/10/2021 2:49:40 PM