Commodity Outlook With Ravindra Rao | 8th March 2022
Kotak Market Mantra por Kotak Securities
Notas del episodio
- Commodity markets likely continue to be driven by geopolitical tensions in the near future.
- Precious metals are likely to remain highly volatile. The general bias may be on the upside unless there are sincere efforts to resolve the Russian-Ukraine issue.
- For crude oil, looming supply risks are likely to keep prices supported. Technically, US$115/bbl - US$114/bbl remains a crucial zone to watch out for.
- Base metals witnessed record gains in the recent sessions and are expected to trade with positive bias. However, one must trade with caution.
- In our view, given the geo-political uncertainty, the ideal strategy would be to trade intraday rather than carry overnight positions.
- The focus during the week will be on the European Central Bank's (ECB) monetary policy meeting and inflatio ...