fbpx

Register for MT4 Demo Account

Register for xStation Account

Coffee Edges Towards $195 Levels While Nat Gas Moves Sideways

By Research Team Friday, Apr 14, 2023
SOYBEAN

    • 10.30amD1
    • High1503.29
    • Low1497.03
    • Close1497.53

SOYBEAN is trading at $1497.03, 0.03% down since previous day close. The slight profit-booking can be seen in Soybean prices on Thursday after testing the two-week highs of $1520 levels. The recent USDA report showed a drop-down in supplies & exports for the week which led down a buying pressure in Soybeans. Globally, the soft USD as U.S issued cooler than expected CPI inflation rate data made the Brazilian Real (BRL) currency stronger & beans as well. The change in climatic conditions in Argentina from normal weather affects the Soybean output & supplies & hence, made the commodity expensive again. Buying on dip may be recommended for the day in Soybean.

Read More… Read Less

Commodities

SOYBEAN

Intra Day
Near Day

Technical Levels

R3 1549.02
R2 1528.4
R1 1515.39
Turnaround 1507.36
S1 1494.85
S2 1487.41
S3 1466.86
By Research Team Friday, Apr 14, 2023
NAT GAS

    • 10.55amW1
    • High2.024
    • Low2.009
    • Close2.009

Natural Gas is trading at $2.015, 0.06% down since previous day close. The weakness can be witnessed in Natural gas prices post release of U.S Energy Information Administration (EIA) report which showed a build-up in Natural Gas inventory level by 25B as expected. Last week, the estimates showed a drop-down in Natural Gas inventory level by 23B lower than the previous week fall of 47B. This indicates shortage in supplies of commodity for the week. Besides this, the volatile Oil prices affects the trading in other energy products. The changing weather conditions in European & US regions from colder to normal climate made the consumption demand of heating fuels lower & Natural gas prices weaker as well. Wait & watch strategy may be established for the day in WTI Oil.

Read More… Read Less

Commodities

NAT GAS

Intra Day
Near Day

Technical Levels

R3 2.32
R2 2.182
R1 2.1
Turnaround 2.044
S1 1.962
S2 1.906
S3 1.768
footer-logo

XFlow Markets provides an entirely transparent access to the FOREX Market through two powerful trading platforms with excellent execution speed, a 24/5 client support system with no dealing desk involvement.

 

© 2024 XFlow Markets, All rights reserved.

Risk Warning: Leveraged trading in foreign currency contracts or other off-exchange products on margin carries a high level of risk and may not be suitable for everyone. We advise you to carefully consider whether trading is appropriate for you in light of your personal circumstances.

You may lose more than you invest. Information on this website is general in nature. We recommend that you seek independent financial advice and ensure you fully understand the risks involved before trading. Trading through an online platform carries additional risks.

 

XFlow Markets INC is incorporated in Saint Lucia with registration no. 2023/C088 governed by the Companies Act, Cap 13.01 of the revised laws of Saint Lucia.

XFlow Markets does not offer Contracts for Difference to residents of certain jurisdictions including the Belgium, Iran, Canada, North Korea, the USA, Cuba, Syria and FATF Black Listed Countries.

Telephone number: UAE: +971 43304431 Working hours: 7:00 AM - 5:00 PM (GMT+0)

XFlow Markets does not offer any fixed returns & guaranteed profits. Forex and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Your capital is at risk. Please consider our Risk Disclosure.

XFlow Markets does not guarantee any returns or profits. Your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our Risk Disclosure.