Guar likely to remain under pressure as of now
Guar and Guargum prices are expected to remain under pressure until crude prices manage to move up again as gum is also used as binding product in digging well and falling trend in crude oil may become reason in decreasing oil rig counts. Notably, various factors including uncertain U.S. trade policy, global economic growth and weak Chinese manufacturing data, are affecting its demand currently.
Guar and Guargum prices are expected to remain under pressure until crude prices manage to move up again as gum is also used as binding product in digging well and falling trend in crude oil may become reason in decreasing oil rig counts. Notably, various factors including uncertain U.S. trade policy, global economic growth and weak Chinese manufacturing data, are affecting its demand currently.
Where do you prefer to invest in Akshay Tritiya?
Anonymous Poll
33%
Gold & Silver Futures
9%
Gold & Silver Options
31%
Gold & Silver ETF
3%
Gold Mutual Funds
16%
Physical Gold And Silver
8%
E Gold
COMMODITY UPDATE:
• The World Bank predicts global commodity prices will fall sharply in 2025 and 2026.
• Global commodity prices will plunge 12% in 2025 and another 5% in 2026.
• Energy prices, specifically, to fall 17% to their lowest levels in five years, and then another 6% next year.
• Gold prices are expected to hit a record in 2025
• The World Bank predicts global commodity prices will fall sharply in 2025 and 2026.
• Global commodity prices will plunge 12% in 2025 and another 5% in 2026.
• Energy prices, specifically, to fall 17% to their lowest levels in five years, and then another 6% next year.
• Gold prices are expected to hit a record in 2025
India-US trade deal announcement soon: Scott Bessent
The US is “very close” on a trade deal with India, US Treasury Secretary Scott Bessent said Tuesday, noting that it is much easier to negotiate with Delhi because of the high tariffs and talks with the country are “moving well.” Bessent made these remarks at a press briefing in the White House. Earlier, on Monday, he told CNBC that India is likely to be among the first countries to finalize a bilateral trade agreement with the US to avert reciprocal tariffs.
The US is “very close” on a trade deal with India, US Treasury Secretary Scott Bessent said Tuesday, noting that it is much easier to negotiate with Delhi because of the high tariffs and talks with the country are “moving well.” Bessent made these remarks at a press briefing in the White House. Earlier, on Monday, he told CNBC that India is likely to be among the first countries to finalize a bilateral trade agreement with the US to avert reciprocal tariffs.
Golds_report_on_Auspicious_occasion_of_Akshaya_Tritiya_April_2025.pdf
678.7 KB
🌟 Wishing You All a Prosperous Akshaya Tritiya! 🌟
May this auspicious day bring you lasting wealth, happiness, and growth — both in life and in your investments. 🙏✨
📈 On this special occasion, we’ve prepared a detailed Akshaya Tritiya Report covering both technical and fundamental outlooks for Gold and Silver across COMEX and MCX.
May this auspicious day bring you lasting wealth, happiness, and growth — both in life and in your investments. 🙏✨
📈 On this special occasion, we’ve prepared a detailed Akshaya Tritiya Report covering both technical and fundamental outlooks for Gold and Silver across COMEX and MCX.
✅✅TECHNICAL UPDATE:
💥💥Copper has declined from a recent high of 917 to a low of 789, followed by a recovery to the 853 level—completing a 50% Fibonacci retracement. This suggests a temporary bounce, but the broader trend remains weak, indicating potential for further downside movement.
💥💥The zone around 854 is acting as strong resistance, aligning with the retracement level. Unless prices break above this resistance, the bearish sentiment is likely to persist.
💥💥Looking ahead, key support is seen at 825, which could provide temporary relief if the price continues to fall. On the upside, resistance remains at 854. Traders should monitor price action near these levels for possible breakout or reversal signals.
💥💥Copper has declined from a recent high of 917 to a low of 789, followed by a recovery to the 853 level—completing a 50% Fibonacci retracement. This suggests a temporary bounce, but the broader trend remains weak, indicating potential for further downside movement.
💥💥The zone around 854 is acting as strong resistance, aligning with the retracement level. Unless prices break above this resistance, the bearish sentiment is likely to persist.
💥💥Looking ahead, key support is seen at 825, which could provide temporary relief if the price continues to fall. On the upside, resistance remains at 854. Traders should monitor price action near these levels for possible breakout or reversal signals.
🆓📈 Join Us for a Free Webinar to Learn Breakout vs Pullback Strategies How to Trade each Effectively. 30th April, 4:00 PM onwards. Join Now: https://us06web.zoom.us/j/85952024646
Copper Update
❇️Copper prices fell more than 2.5% on Wednesday, on track to register the biggest monthly decline since May 2023 against a backdrop of weak data from top metals consumer China and lingering trade uncertainty.
❇️Data on Wednesday showed that Chinese factory activity contracted at the fastest pace in 16 months in April, keeping alive calls for further stimulus.
❇️Weighing on financial markets was a lack of progress in de-escalating the U.S.-China trade conflict.
❇️Despite claims from U.S. officials that talks are ongoing, China has denied any active discussions. U.S. Treasury Secretary Scott Bessent said on Tuesday that it will become evident to Beijing that Chinese tariffs are not sustainable for the world's second-largest economy.
❇️Copper prices fell more than 2.5% on Wednesday, on track to register the biggest monthly decline since May 2023 against a backdrop of weak data from top metals consumer China and lingering trade uncertainty.
❇️Data on Wednesday showed that Chinese factory activity contracted at the fastest pace in 16 months in April, keeping alive calls for further stimulus.
❇️Weighing on financial markets was a lack of progress in de-escalating the U.S.-China trade conflict.
❇️Despite claims from U.S. officials that talks are ongoing, China has denied any active discussions. U.S. Treasury Secretary Scott Bessent said on Tuesday that it will become evident to Beijing that Chinese tariffs are not sustainable for the world's second-largest economy.
✅✅CRUDE OIL UPDATE:
A demand outlook clouded by trade disputes between the U.S. and China coupled with OPEC+'s decision to unwind supplies will weigh on oil prices this year, a Reuters poll showed on Wednesday.
A slew of tit-for-tat tariffs announced by the U.S. and China over the last few months has dampened the outlook for global economic growth and fuel demand. Earlier this month, oil prices slid to a four-year low on concerns around tariffs.
Analysts polled by Reuters now expect crude oil demand growth of an average of 860,000 barrels per day - compared to the International Energy Agency, which this month trimmed its demand growth forecast to 730,000 barrels per day, and the Organization of the Petroleum Exporting Countries (OPEC), which also cut its demand growth forecast this month, now expects growth of 1.3 million barrels per day in 2025.
A demand outlook clouded by trade disputes between the U.S. and China coupled with OPEC+'s decision to unwind supplies will weigh on oil prices this year, a Reuters poll showed on Wednesday.
A slew of tit-for-tat tariffs announced by the U.S. and China over the last few months has dampened the outlook for global economic growth and fuel demand. Earlier this month, oil prices slid to a four-year low on concerns around tariffs.
Analysts polled by Reuters now expect crude oil demand growth of an average of 860,000 barrels per day - compared to the International Energy Agency, which this month trimmed its demand growth forecast to 730,000 barrels per day, and the Organization of the Petroleum Exporting Countries (OPEC), which also cut its demand growth forecast this month, now expects growth of 1.3 million barrels per day in 2025.
Commodity Mantra by SMC
✅✅TECHNICAL UPDATE: 💥💥Copper has declined from a recent high of 917 to a low of 789, followed by a recovery to the 853 level—completing a 50% Fibonacci retracement. This suggests a temporary bounce, but the broader trend remains weak, indicating potential…
Copper has breached the major support level of 825, signaling potential for further downside. If it closes below 825 on an intraday basis, additional selling pressure may emerge. This breakdown indicates weakening momentum, and traders should remain cautious, watching for sustained movement below this key technical level for confirmation.