We expect, NCDEX (National Commodities and Derivatives Exchange) Coriander futures may trade positive towards 7,350—7,550 Rupees per 100 kg (CMP: 7,150) in next 1-2 months on robust export demand and diminishing supplies.
Analysis
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Base Metal Intraday Trading Range 12 April 2019
Base Metal Prices Forecast
Base metal: Base metals Trend sideways. MCX Copper may test Rs 440 while taking support near Rs 440 on MCX.
Gold Intraday Trading Zone 31950—32333
Gold prices traded in range as the dollar eased on weak U.S. economic data. The US dollar declined as recent strong economic data eased concerns about the global economy, prompting investors to reduce safe-haven positions in the greenback.
US Factory Orders Lower, Inventories Higher
It’s the forward-looking indicators right now that look the worst. This is why we think Euro$ #4 is still closer to its beginning than its end. Even though it may be entering its fifth quarter of existence here in Q2 2019, these things are long processes that take a lot of time to fully play out.
When is the Trend not Your Friend?
The US dollar remained firm last week. The strongest of the majors was the Norwegian krone, and it rose less than 0.2% against the greenback. The volatility is continuing to compress.
Commodities Weekly Technical Research Report 08 — 12 April 2019
Commodities Weekly Research Report
USD Recovers As Jobless Claims Fall To Record Lows
The US dollar was seen recovering from the losses from the day before. The weekly jobless claims report dropped by 10,000, falling to 202,000.