Commodity Derivatives
Sebi extends futures trading ban on seven agri-commodities till Jan 2025
Shorter extension tenure kindles hope of early resumption of futures in some commodities
 "Sebi extends futures trading ban on seven agri-commodities till Jan 2025")
Gold trading Strategy: Avoid large short positions; check key levels here
Spot gold at the time of the MCX closing was trading at $2624, up around 0.55 per cent on the day. The MCX December Gold contract at Rs 75,152 (LTP) was up nearly 0.30 per cent.
 "Gold trading Strategy: Avoid large short positions; check key levels here")
How to trade Gold ahead of US Fed's policy move? Check trading strategy
Spot gold was trading with a loss of around 0.45 per cent at $2,570 at the time of the MCX closing. The MCX October gold contract closed at Rs 73,150 (LTP), down 0.49 per cent.
 "How to trade Gold ahead of US Fed's policy move? Check trading strategy")
Crude Oil outlook: Global conflicts, rate cut optimism up bullish bets
The geo-political risk and expectation of three rate cuts from US fed has triggered rally in oil prices, says Mohammed Imran.
 "Crude Oil outlook: Global conflicts, rate cut optimism up bullish bets")
Crude Oil Outlook July 25: WTI prices may test support at $75; MCX Rs 6,250
Oil prices could fall back to early June level of $72.50 as demand side fundamental are looking weak due to abysmal economic performance of China, says technical analyst Mohammed Imran.
 "Crude Oil Outlook July 25: WTI prices may test support at $75; MCX Rs 6,250")
Crude Oil prices may decline further, test $80-mark; China demand a concern
Weakness in crude demand in China, the world's second-largest crude consumer, is bearish for oil prices, said analyst at Sharekhan by BNP Paribas.
 "Crude Oil prices may decline further, test $80-mark; China demand a concern")
Crude Oil prices may retreat; test support at $82-80 per barrel
Recent economic data from across the region like Asia, Eurozone and the US are indicating an economic slow down ahead.
Silver slides 3% on June 04; watch out for these support levels: Sharekhan
Silver has got a strong support at $29 (Rs 87,800), followed by $28.35 (Rs 86,000), says Praveen Singh, AVP - Fundamental Currencies and Commodities at Sharekhan by BNP Paribas.
 "Silver slides 3% on June 04; watch out for these support levels: Sharekhan")
Silver trade: Buying on dips still favourable, may continue to rise
Slightly softer than expected inflation data from University of Michigan, which was released Friday, continued to aid in commodities recovery
 "Silver trade: Buying on dips still favourable, may continue to rise")
Silver outlook: Prices may correct on hawkish Fedspeak, elevated inflation
Silver may trade between $28.80 (Rs 85,000) and $30 (Rs 88,300) in the near-term, says Praveen Singh of Sharekhan by BNP Paribas.
These key triggers can help Crude Oil break from the trading range
Any significant upside in Crude Oil can only be sustained by strong demand side fundamentals from the US and China, says Mohammed Imran, research analyst at Sharekhan BNP Paribas.
 "These key triggers can help Crude Oil break from the trading range")
Crude Oil prices likely to trade higher; WTI Crude may test $80-mark
Mohammed Imran, research analyst at Sharekhan BNP Paribas, expects WTI Crude oil prices to broadly trade with upward bias in the range of $77-$80 per barrel.
 "Crude Oil prices likely to trade higher; WTI Crude may test $80-mark")
Gold can rise 5% to Rs 75,000; Silver by 2.5% to Rs 85,000, charts suggest
The MCX Gold futures have scaled new highs in the last 9 trading sessions, and surged 8.5 per cent. Charts suggest some consolidation likely ahead, as technical indicators are in overbought zone.
 "Gold can rise 5% to Rs 75,000; Silver by 2.5% to Rs 85,000, charts suggest")
Natural Gas futures down 51% in 5 months on MCX; Should you bottom-fish?
The MCX Natural Gas futures have declined over 6 per cent so far in March, and tumbled up to 82 per cent from the peak in August 2022.
 "Natural Gas futures down 51% in 5 months on MCX; Should you bottom-fish?")
Gold and Silver can rally up to 10% on MCX, show charts
The MCX Gold futures have gained 4 per cent and Silver 6.5 per cent so far in March on hopes of interest rate cuts in the US. Chart suggests that positive bias shall prevail in the near-term.
 "Gold and Silver can rally up to 10% on MCX, show charts")
MCX gets Sebi approval to launch new commodity derivatives platform
MCX had initially intended to introduce the CDP on October 3. However, they have not revealed the new launch date yet
 "MCX gets Sebi approval to launch new commodity derivatives platform")
Gold prices can fall another 10% from here on; check key support levels
The MCX Gold December futures seem headed towards the 100-WMA (Weekly Moving Average) which stands at Rs 54,150 level; below which the next target shall be the 200-WMA.
Mkt regulator Sebi puts MCX's impending transition to new CDP in abeyance
The exchange was scheduled to go live with the new tech platform on October 3
 "Mkt regulator Sebi puts MCX's impending transition to new CDP in abeyance")
Sebi asks MCX to put launch of new commodity derivative platform on hold
The Securities and Exchange Board of India (Sebi) will discuss the commodity platform in its technical advisory committee meeting to be held shortly, MCX said in a statement
 "Sebi asks MCX to put launch of new commodity derivative platform on hold")
Sebi allows FPIs direct access to exchange-traded commodity derivatives
Sebi has noted that the DMA facility will also help in implementing better hedging and arbitrage strategies
 "Sebi allows FPIs direct access to exchange-traded commodity derivatives")
