30 March Support & Resistance Level Fundamental & Technical Outlook

Energy

Oil prices rebound on less than expected build in stocks

Oil futures rebounded in Asian trade on Wednesday, buoyed by a forecast for a less than expected build in crude oil stockpiles last week.

Bullions

Gold prices gain in Asia as investors note Yellen views as dovish

Gold prices rose in Asia on Wednesday as Fed chief Janet Yellen painted a more dovish picture on the path of interest rate hikes compared to recent statements from colleagues.

Currency

Yen slightly weaker in Asia on IP data, Yellen views eyed

The yen was slightly weaker in Asia on Wednesday as provisional industrial production estimates came in weaker than seen and overnight comments from Fed chief Janet Yellen were assessed.

Base Metals

Copper slips

London copper edged lower, as the dollar held firm but was underpinned by signs of a revival in China’s housing market, with trade beginning to tail off ahead of Easter holidays later this week.