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CRUDEOIL rises on China demand hopes; upcoming U.S. inflation data caps gains.

CRUDEOIL prices edged up on Thursday, building on gains in the previous session as China’s demand outlook improved, though gains were limited ahead of upcoming inflation data from the United States.

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LME AIUMINIUM NEWS UPDATE BY MCX PROFITHUB OR GET FREE TRIAL CALL @8445092236

SHFE price mounts to US$2,717/t; LME aluminium is closed for Christmas holiday

Today, on December 27, the SHFE benchmark aluminium price has hiked by US$51 per tonne or 1.91 per cent to reside at US$2,717 per tonne.

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LME Data Update By MoneyHeights , Get More Update By Metals Visit www.moneyheights.in

Today’s LME Report: 27 October 2022

Aluminium+13025
Copper -4975
Lead  0
Nickel-24
Zinc-750

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Thursday Gold News Highlights

Gold prices traded near their highest level in two weeks on Thursday, with metal markets rallying as the dollar retreated on growing expectations that the Federal Reserve will soften its hawkish stance this year. 

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Thursday Crude Oil News Update

Oil prices rose on Thursday, extending a more than 3% rally in the previous session, boosted by record U.S. crude exports and a weaker U.S. dollar, though gains were capped in Asia due to lingering fears over slack demand in China.

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Commodities Resistance & Support Report By MoneyHeights , Get More Updates Visit www.moneyheights.in

Resistance & Support Report 27 October 2022

COMMODITYRESISTANCESUPPORT
ALUMINIUM204.8199
COPPER662.7655.4
NATURAL GAS 508.8493
CRUDE OIL7338.47121.6
GOLD50827.750546.3
SILVER58427.557904.5

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Tuesday Crude Oil Highlights

Oil prices rose on Tuesday as the U.S. dollar eased against major peers but gains were limited by worries of slowing global fuel demand growth amid bearish economic data from key oil importing economies such as China.

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