Commodity Market News For 16th Nov 2012

Bullion:
Gold suggest that prices have reversed after taking resistance of 31800 levels.
Stochastic is in a sell mode. We expect prices to correct up to levels of 31170.
Trading Call: Sell around 31500 levels with a stop loss placed above 31700 levels for targets of 31170
levels.
Silver suggest that prices have reversed after taking resistance of 61500 levels.
Stochastic is in a sell mode. We expect prices to correct up to levels of 60000.
Trading Call: Sell around 60800 levels with a stop loss placed above 61100 levels for targets of 60000
levels.

Energy :
Crude Oil suggest that prices have reversed after taking resistance at 4820 levels.
Stochastic is in a sell mode. We expect prices to correct up to levels of 4670.Trading Call: Sell around 4760 levels with a stop loss placed above 4820 levels for targets of 4670 levels.
Natural Gas suggest that prices have reversed after taking resistance at 210 levels.
Stochastic is in a sell mode. We expect prices to correct up to levels of 198.
Trading Call: Sell around 205 levels with a stop loss placed above 210 levels for targets of 198 levels.

Base metals:
Copper suggest that prices are trading near a crucial resistance at 425 levels.
Stochastic is losing its strength. We expect prices to correct up to levels of 412.
16 Nov 2012
Trading Call: Sell around 421 levels with a stop loss placed above 425 levels for targets of 412 levels.
Nickel suggest that prices have reversed after taking resistance at 890 levels.
Stochastic is in a sell mode. We expect prices to correct up to levels of 868.
 Copper suggest that prices are trading near a crucial resistance at 425 levels.
Stochastic is losing its strength. We expect prices to correct up to levels of 412.
16 Nov 2012
Trading Call: Sell around 421 levels with a stop loss placed above 425 levels for targets of 412 levels.
Trading Call: Sell around 880 levels with a stop loss placed above 890 levels for targets of 868 levels.

Lead suggest that prices are trading near a crucial resistance of 121.50. RSI is losing
its strength. We expect prices to correct up to levels of 119.
The above 4 hourly chart of Zinc suggest that prices are trading near a crucial resistance of 107. Stochastic is
losing its strength. We expect prices to correct up to levels of 104.20.
Trading Call: Sell around 121 levels with a stop loss placed above 122 levels for targets of 119 levels.

Zinc suggest that prices are trading near a crucial resistance of 107. Stochastic is
losing its strength. We expect prices to correct up to levels of 104.20.
Trading Call: Sell around 106 levels with a stop loss placed above 107 levels for targets of 104.20 levels.
http://www.merits.in/online-sharetrading.aspx
Aluminium suggest that prices have reversed after taking resistance at 108.50 levels.
Stochastic is in a sell mode. We expect prices to correct up to levels of 105.50.
Trading Call: Sell around 107.50 levels with a stop loss placed above 108.50 levels for targets of 105.50
levels.

Read More

Commodity News for Today : for 9th nov. 2012

Bullion:
Precious metals prices rose to three-week highs yesterday as investors continued to bet on easier U.S. fiscal policy following President Obama's victory, and prices also got a bounce
from fears about increased tensions between the United States and Iran.

Base Metal  :
Industrial metals prices edged higher yesterday in cautious trade ahead of a leadership transition in top metals consumer China, which may result in fresh economic stimulus measures, while concerns
about weak demand and the U.S. economy capped the upside.

Energy:
Crude oil prices rose yesterday, rebounding from a nearly 5 percent plunge the previous session, though gains were limited by concerns about Europe's economy coupled with approaching tax increases and spending cuts in the United States.

Read More

Commodity News and Updates for 7th oct. 2012

Bullion : 
Gold prices are  expected to remain  volatile ahead a US elections, we expect prices to trade within the broad range from 31500 to 30900.
Silver prices closed at higher end with a positive break above 59200. As long as price holds and closes above 59200 prices are expected to trade higher
Base metal : 
Copper prices are expected to trade higher and test the resistance of 425 -426. For intraday one can buy around 421 with a stop loss below 417. Crossing 426 would witness fresh buying to the tune of 430 – 432.
Nickel prices are expected to trade within a range from 866 to 895 one can buy on dips. One can witness a sideways to positive move for the day.
Lead prices are expected to test 121 -122 on higher end one can buy on dips around 118.
Energy: 
Crude  price  have witnessed a break above 4720 and witness fresh buying we expect prices to trade higher to the tune of 4870, buying on dips is recommended around 4780.

Read More

Commodity News and Latest Update

 BULLION :
Gold prices are  expected to  bounce to the tune of 31450  if sustained above 31300,  one can buy around 31300 with a stop loss below 31220.  one could witness profit booking around 31450 -31500.
Silver prices are resisting 61000 -61100  zone. Prices  are expected to trade within the range from 61000 to 60000. Fresh buying recommended above 61000.

BASE METAL : 
Copper prices as expected tested the zone at 445 -446. For intraday one can sell around 443 – 443.50 with a stop loss above 447 for the target around 438 – 436.
Nickel prices are expected to trade within the range from 935 to 910. One can buy on dip around 915 -910 with a stop loss below 900.
Lead prices as expected tested 114.50 - 114 on lower end, one can buy on dips around 114 with a stop loss below 112.80 for the target at 116.30  -116.60.

 ENERGY : 
Crude price are expected to test the resistance zone at 4960 – 4980 if  prices sustain below that one can sell with a small stop loss above 4990. Prices are expected to test 4910 -4900.

Read More

Commodity News for 3rd October 2012.

Bullion: Gold futures on domestic exchanges fell to a one-month low as the strong rupee against the dollar and weak COMEX futures weighed on prices. On COMEX, the precious metal fell on profit booking, after touching a six-month high last week. The metal recovered some of its early losses as the dollar weakened against the euro. 

Energy: Crude oil futures were trading lower on the MCX tracking fall in benchmark contracts on the New York Mercantile Exchange and appreciation in rupee against the dollar. NYMEX crude oil futures traded weak on Eurozone debt concerns, which raised worry regarding oil demand from the region. 

Metals: Base metals were trading lower on the MCX tracking parent contracts on the London Metal Exchange, where prices eased due to concerns over demand from China and firm rupee against  the dollar. Sentiment in the global market remained weak today following release of discouraging manufacturing data from China. 

Commodity News

THOMSON REUTERS/JEFFERIES CRB INDEX(TR/J CRB)

309.30	Change +0.00	Open 0.00	High 0.00	Low 0.00

THOMSON REUTERS EQUAL WEIGHT CONTINUOUS COMMODITY INDEX (CCI)

587.50	Change +2.07	Open 587.09	High 587.75	Low 585.42

Read More