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Futures News, June 25th - According to foreign media reports, Malaysian crude palm oil futures on the Bursa Malaysia Derivatives Exchange (BMD) are likely to open lower on Thursday morning, following the decline in external markets. International crude oil futures fell further as more tankers departed the Strait of Hormuz, easing supply concerns and pushing Brent crude futures to their lowest level in four months on Wednesday. Brent crude futures fell further in electronic trading on Thursday, coupled with a lower close in Chicago soybean oil, which will drag down the early performance of Malaysian crude palm oil futures. A stronger ringgit is also bearish for the palm oil market, as it weakens the export competitiveness of Malaysian palm oil. However, improved demand for Malaysian palm oil exports and the potential impact of El Niño weather on Asian palm oil production will help limit the price decline. Shipping surveyors said on Monday that Malaysian palm oil exports from June 1st to 20th increased by 19.1% to 25% month-on-month.The U.S. Geological Survey predicts that the earthquake in Venezuela could cause significant casualties and widespread damage.June 25 (Futures News) – According to foreign media reports, Chicago Board of Trade (CBOT) soybean futures closed lower on Wednesday, with the benchmark contract down 0.7%, marking the third decline in the past four trading days. This was mainly due to the plunge in international crude oil futures, with speculative funds continuing to sell. International crude oil fell by more than $3 per ton on Wednesday, closing at its lowest level in four months, as market concerns about supply eased as more tankers left the Strait of Hormuz. Soybean futures are typically influenced by crude oil movements because soybeans are a key feedstock for biofuel production. Generally favorable weather conditions in the U.S. Midwest, which are conducive to early crop growth, continued to weigh on the soybean market and encouraged speculative funds to continue selling.On June 25th, according to foreign media reports, soybean meal futures on the Chicago Board of Trade (CBOT) closed mixed on Wednesday, with the benchmark contract closing down 0.4%, following the downward trend in neighboring soybean and soybean oil markets. Favorable weather conditions in U.S. soybean producing regions and a clear production outlook continued to pressure the soybean and soybean product markets. The sharp drop in international crude oil futures also negatively impacted the soybean and soybean product markets. The U.S. Department of Agriculture will release its weekly export sales report on Thursday. Analysts expect net U.S. soybean meal export sales for the week ending June 18, 2026, to be between 200,000 and 550,000 tons. In comparison, the previous weeks net sales for U.S. soybean meal in the 2025/26 marketing year were 283,900 tons, and net sales for the 2026/27 marketing year were 120,200 tons.June 25 (Futures News) – According to foreign media reports, soybean oil futures on the Chicago Board of Trade (CBOT) closed lower on Wednesday, with the benchmark contract down 1.3%, following the downward trend in the international crude oil market. Crude oil prices fell by more than $3, reaching levels seen before the Iran-Iraq War, as supply concerns eased as more tankers stranded in the Strait of Hormuz departed. U.S. crude oil futures prices fell below $70 per barrel, hitting their lowest level since March 2. The soybean oil futures market typically follows crude oil trends because soybean oil is a feedstock for biofuels.

Predictions for Gold Prices — Gold prices rose as the dollar weakened

Alina Haynes

May 24, 2022 09:43

Gold prices rise as the dollar weakens to start the week. The currency experienced negative pressure on reduced growth prospects and likely march toward recession. Benchmark rates climbed as shares surged today. Today, the yield on the ten-year Treasury note rose by 3 basis points.

 

On Monday, there was little going on in the world of business. Focus continues on Fed Chair Powell’s speech tomorrow and major economic statistics including PCI and first-quarter GDP published this week. Investors are anxious about impending recession and sluggish economic growth.

Analytical Methods

Gold prices came back from session highs but are still higher and possibly be headed to the 1860s. This week's economic statistics might point to a slowdown in economic growth, which would benefit gold.

 

To begin the week, gold prices held above the 200-day moving average of $1839. Support is indicated near the 200-day moving average near 1839. Resistance is apparent at the May 12th peak of 1858.

 

The Fast Stochastic has formed a crossover buy signal, indicating that the short-term momentum is bullish. Prices are no longer oversold as the fast stochastic prints a value of 54.58, considerably above the oversold trigger level of 20.

 

Medium-term momentum turns bullish as the MACD can provide a crossover buy signal. This occurs as the 12-day moving average minus the 26-day moving average passes below the 9-day moving average of the MACD line.

 

Price declines are predicted by the MACD (moving average convergence divergence) histogram, which shows a downward trend in price.

 

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