Commodity Outlook With Ravindra Rao | 15th March 2022
Kotak Market Mantra by Kotak Securities
Episode notes
- Commodity markets likely continue to be driven by geopolitical tensions in the near future.
- Gold is likely to remain volatile, however, buying interest may emerge at lower levels.
- On the technical front, Gold is trading below its initial support of USD 1,960. Next support exists at USD 1,914-1,912.
- After a sharp fall in last few sessions, precious metals are likely to take support at lower levels.
- Crude oil has corrected nearly 20% from its high. It is likely to find support at lower levels if no resolution is seen between the Russia-Ukraine conflict.
- Natural gas continues to trade in the range with resistance near 370 level and support at 338 level.
- Metals continue to trade with caution.
- The focus during the week will be on the Federal Open Market Commit ...