Commodity Outlook With Ravindra R...
Commodity Outlook With Ravindra Rao | 8th March 2022

Kotak Market Mantra by Kotak Securities

Episode notes

- 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 ... 

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Keywords
goldmetal