Wheat depreciates for a second day on signs that supplies increase

Source: Bloomberg
Wheat futures for May settlement were lower by 1.4% to $7.175 per one bushel on the Chicago Board of Trade during Singapore trading session on Monday. Volume was more than twice bigger than the 100-day SMA. Investors traded on speculations that supply from Russia and the EU will increase. Also, Cyprus problems put a pressure on commodities to step lower.
Back to articles

Actual Topics

Mon, 18 Mar 2013 12:13:10 GMT

Gold advances on Cyprus problems

Gold immediate delivery price was higher by 0.3% to $1,596.95 in the beginning of Singapore trading session on Monday. Previously the price jumped 1.1% to $1,608.60 and the commodity was the most expensive since 27th of February. Cyprus problems pushed gold to a $1,600 benchmark, but physical purchasing, which was supporting gold's price in recent weeks, disappeared at these levels.

Mon, 18 Mar 2013 13:19:06 GMT

WTI drops amid levy by Cyprus on savings

West Texas Intermediate oil declined on Monday falling from its highest level in three weeks after the Eurozone's finance ministers decided to raise 5.8 billion euros by putting a levy on Cyprus bank savings, which brought worries about recovery in Europe. April WTI oil futures decreased $1.31 to $92.14 a barrel on the NYME after climbing to $93.45 on March

Subscribe to "Fundamental Analysis" feed

Subscribe
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.