30/04/2026
30 April 2026
RAYAAN COMMODITIES (Arif Habib Group):
Top Broker of Pakistan Mercantile Exchange
COMMODITIES
GOLD (Futures)
Strong Sell: Gold is facing pressure as the US Dollar remains firm on strong economic signals from the United States and policy confidence linked to Donald Trump’s fiscal stance.
Reduced geopolitical risk premium and profit-taking after recent rallies are limiting upside despite inflation concerns.
R1 = 4,626.12
R2 = 4,644.69
Price = 4,607.55
S1 = 4,588.98
S2 = 4,570.41
SILVER (Futures)
Strong Sell: Silver is declining due to weaker industrial demand expectations, particularly from China and Europe.
A stronger USD and easing safe-haven demand, supported by US political stability narratives, are weighing on prices.
R1 = 74.16
R2 = 74.78
Price = 73.54
S1 = 72.92
S2 = 72.30
CRUDE OIL WTI (Futures)
Strong Buy: Oil prices are rising amid supply concerns and geopolitical tensions involving Russia and the Middle East.
US energy policy direction and strategic positioning are supporting bullish momentum despite volatility.
R1 = 109.14
R2 = 110.36
Price = 107.92
S1 = 106.70
S2 = 105.48
COPPER (Futures)
Strong Sell: Copper is under pressure due to concerns over slowing demand from China’s industrial sector.
Global trade uncertainty and US-China political tensions are reducing confidence in sustained demand growth.
R1 = 6.01
R2 = 6.06
Price = 5.96
S1 = 5.91
S2 = 5.86
PLATINUM (Futures)
Strong Sell: Platinum is weakening as demand from the automotive sector shows signs of slowing.
Policy shifts toward electric vehicles in the US and Europe are reducing long-term demand expectations.
R1 = 1,956.90
R2 = 1,977.65
Price = 1,936.15
S1 = 1,915.40
S2 = 1,894.65
PALLADIUM (Futures)
Neutral: Palladium is showing mixed movement as short-term buying interest returns but overall demand outlook remains uncertain.
The transition toward EVs and changing emission policies in major economies like the US and EU continue to create conflicting signals.
R1 = 1,510.50
R2 = 1,527.25
Price = 1,493.75
S1 = 1,477.00
S2 = 1,460.25
NATURAL GAS (Futures)
Strong Sell: Natural gas is declining due to weak demand forecasts and ample supply conditions.
Energy policy shifts in the US and Europe toward alternative sources are also pressuring prices downward.
R1 = 2.66
R2 = 2.68
Price = 2.63
S1 = 2.60
S2 = 2.57
US WHEAT (Futures)
Strong Buy: Wheat remains supported by supply concerns linked to geopolitical tensions in Ukraine and Russia.
Export restrictions and global food security policies are keeping bullish momentum intact.
R1 = 653.80
R2 = 658.70
Price = 648.90
S1 = 644.00
S2 = 639.10
US CORN (Futures)
Strong Buy: Corn is supported by steady demand and supply concerns related to weather conditions in the US.
Biofuel policies and agricultural incentives in the US are also contributing to upward momentum.
R1 = 479.10
R2 = 480.85
Price = 477.38
S1 = 475.63
S2 = 473.88
US SOYBEANS (Futures)
Strong Buy: Soybeans are rising due to strong global demand, particularly from China.
Trade dynamics and improving export outlook influenced by US policy direction are supporting prices.
R1 = 1,202.75
R2 = 1,206.25
Price = 1,199.25
S1 = 1,195.75
S2 = 1,192.25
US COTTON #2 (Futures)
Strong Buy: Cotton is gaining strength due to improved demand outlook and tighter supply conditions.
Textile demand recovery and trade flows between the US and Asia are supporting bullish sentiment.
R1 = 80.77
R2 = 81.36
Price = 80.18
S1 = 79.59
S2 = 79.00
CURRENCIES
EUR/USD
Strong Sell: Euro is weakening as the US Dollar remains strong on solid economic data and policy expectations.
Political uncertainty within the Eurozone and stronger US fiscal positioning are pressuring the pair.
R1 = 1.1697
R2 = 1.1718
Price = 1.1676
S1 = 1.1655
S2 = 1.1634
GBP/USD
Strong Sell: Pound is under pressure due to mixed UK economic outlook and cautious Bank of England stance.
Stronger US economic signals and political confidence are supporting USD strength.
R1 = 1.3516
R2 = 1.3547
Price = 1.3485
S1 = 1.3454
S2 = 1.3423
AUD/USD
Strong Sell: Australian dollar is weakening amid risk-off sentiment and concerns over China’s economic slowdown.
Global trade uncertainty and strong US Dollar are adding further downside pressure.
R1 = 0.7145
R2 = 0.7163
Price = 0.7127
S1 = 0.7109
S2 = 0.7091
USD/JPY
Strong Buy: USD is strengthening against JPY due to widening interest rate differentials.
Bank of Japan’s loose monetary policy compared to US tightening bias is driving the bullish trend.
R1 = 160.94
R2 = 161.36
Price = 160.51
S1 = 160.09
S2 = 159.67
USD/CHF
Strong Buy: USD is gaining against CHF as safe-haven flows shift toward the dollar.
Stronger US economic outlook and political positioning are supporting USD demand.
R1 = 0.7928
R2 = 0.7950
Price = 0.7906
S1 = 0.7884
S2 = 0.7862
USD/CAD
Neutral: USD/CAD is consolidating as oil price strength supports CAD while USD remains firm.
Mixed signals from energy markets and US policy outlook are keeping the pair range-bound.
R1 = 1.3690
R2 = 1.3706
Price = 1.3674
S1 = 1.3658
S2 = 1.3642
EUR/JPY
Strong Buy: EUR/JPY is rising as yen weakness dominates due to Japan’s accommodative policy stance.
Monetary divergence between the ECB and Bank of Japan continues to support the upside.
R1 = 187.78
R2 = 188.11
Price = 187.45
S1 = 187.12
S2 = 186.79
EUR/GBP
Strong Sell: Euro is weakening against pound due to relatively stronger UK economic outlook.
Political and fiscal concerns within the Eurozone are limiting euro strength.
R1 = 0.8671
R2 = 0.8682
Price = 0.8659
S1 = 0.8648
S2 = 0.8637
INDICES
S&P 500 Futures
Strong Sell: US equities are under pressure due to profit-taking and cautious investor sentiment.
Mixed signals from US economic policy and political developments are weighing on the market.
R1 = 7,168.75
R2 = 7,184.50
Price = 7,153.00
S1 = 7,137.25
S2 = 7,121.50
NASDAQ 100 Futures
Neutral: Tech stocks are consolidating after strong gains as investors reassess valuations.
Interest rate expectations and US policy direction are creating mixed sentiment.
R1 = 27,370.75
R2 = 27,460.75
Price = 27,280.75
S1 = 27,190.75
S2 = 27,100.75
DOW JONES Futures
Strong Sell: Dow is declining due to profit-taking and concerns about economic slowdown.
US political developments and cautious outlook on corporate earnings are impacting sentiment.
R1 = 48,850.00
R2 = 48,978.00
Price = 48,722.00
S1 = 48,594.00
S2 = 48,466.00
Source: Investing.com
RAYAAN COMMODITIES (Arif Habib Group)
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