KEYS TO TRADE IN BULLIONS FOR 31/01/2014

"Trading Call for the day: Sell Gold in the range 29520-29530 Stop Loss 29600 Target 29400. "

Precious metals closed negative on yesterday’s trading session Gold settled down -1.21% at 29378 after robust U.S. GDP data cemented market expectations for the Federal Reserve to continue dismantling stimulus programs, which fueled demand for the dollar. Silver settled down -2.67% at 43220 poised to post its first weekly drop in six weeks on Friday as strong U.S. economic growth boosted global equities and the dollar, hurting the metal’s safe-haven appeal. The two commodities are expected to trade sideways till the time it holds their intraday support levels below which selling pressure can be seen. Support for Gold is at 29320 & resistance at 29550. Support for Silver is at 43100 & resistance at 43600.

On yesterday’s trading session all base metals closed slightly negative as there was heavy selling pressure after data confirmed a contraction in China’s manufacturing sector and following the Fed’s decision to taper its monthly bond-buying program by USD10 billion for the second consecutive meeting. The trend for the base metals is still negative so any bounce can be used as a selling opportunity.

COMMODITY OUTLOOK FOR TODAY 30 JAN 2014

Trading Call for the day: Buy Natural Gas in the range 335-335.50 Stop Loss 330 Target 342.

On yesterday’s trading session all base metals closed slightly negative except Lead closed slightly positive as no decisiveness is seen among the metals regarding their price direction. The trend for the base metals is still negative so any bounce can be used as a selling opportunity.

Precious metals closed positive on yesterday’s trading session where Gold settled up 0.74% at 29738 as Rupee gave up most gains as investors covered their short dollar positions ahead of the outcome of the U.S. Federal Reserve’s two-day policy meeting, while weaker local shares also hurt. Silver settled up 0.53% at 44405 as support seen from the rupee weakness while Comex Silver settled at 19.69 dropped after the Federal Reserve decided to cut its monthly bond-buying program by USD10 billion. Gold is expected to trade positive for the day while Silver is expected to trade sideways due to strong USDINR. Support for Gold is at 29650 & resistance at 29850. Support for Silver is at 44200 & resistance at 45000.

COMMODITY OUTLOOK FOR TODAY 29 JAN 2014

Trading Call for the day: Sell Copper in the range 450-450.5 Stop Loss 453 Target 447.

Our yesterday’s trading call of Silver achieved its target of 44500. Sell was given in the range of 44950-45000

Precious metals closed negative on yesterday’s trading session where Gold settled down -0.93% at 29521 extending the previous session’s drop, as global equities rebounded from a one-month low and emerging markets stabilized after three days of intense selling. Silver settled down -2.31% at 44169 fell to the lowest levels of the session on Tuesday, after data showed that U.S. consumer confidence rose more-than-expected in January to hit a five-month high. The two commodities are expected to trade with negative bias for today. Support for Gold is at 29250 & resistance at 29500. Support for Silver is at 43600 & resistance at 44300.

On yesterday’s trading session all base metals closed negative as investors looked ahead to U.S. durable goods data due out later in the session to gauge the strength of the economy and weak USDINR added to the weakness. The trend for the base metals has become negative for intermediate term so any bounce can be used as a selling opportunity. Even today also the metals are expected to trade with negative bias.

THINGS YOU MUST KNOW BEFORE TRADING IN COMMODITY FOR 27 JAN 2014

Trading Call for the day:"Sell Crude Oil in the range 6100-6105 Stop Loss 6140 Target 6060."

Precious metals traded with positive bias on Friday’s trading session where Gold settled up 0.56% at 29519 as the release of downbeat U.S. economic reports prompted investors to flock to the safe-haven precious metal while Silver settled down -0.49% at 44691 on profit booking despite of downbeat data from U.S. economic reports prompted investors to flock to the safe-haven precious metal. The two commodities are expected to trade with positive bias for today. Support for Gold is at 29550 & resistance at 29850. Support for Silver is at 44600 & resistance at 45450.

On Friday’s trading session base metals closed with mixed views due to credit risk in China and strong USDINR. The trend for the base metals has become negative for short term so any bounce can be used as a selling opportunity for today.

MCX Crude Oil pared all of its gains on reports of a slowing economy in China and a downward slide in U.S. equities. Crude Oil seems to have entered the short term correction which might complete near 6010 level. Intra day support for Crude Oil is at 6050 and resistance at 6140.

MCX Natural Gas settled up 7.34% at 318.8 after updated weather-forecasting called for fresh blasts of cold air to sweep across the U.S. and hike demand for heating. The commodity might take resistance near 343 levels and further rally may only be seen above 345. Support for Natural Gas is at 331 & resistance at 343.

COMMODITY OUTLOOK FOR TODAY 24 JAN 2014

Trading Call for the day: Sell Silver in the range 44950-45000 Stop Loss 45400 Target 44200.

Yesterday our trading call of the day hit our Target of 304. We recommended a buy call in the range of 293-293.50.

Precious metals closed positive on yesterday’s trading session where Gold settled up at 29355 tracking gains from Comex Gold which settled at 1263.55 notching its biggest one-day rally in three months, as sharp losses in U.S. equities and disappointing Chinese manufacturing data lifted bullion’s safe-haven appeal. Silver settled up 1.29% at 44910 rose to the highest levels of the session hitting a five-week top, after data showed that U.S. existing home sales rose less-than-expected in December. The two commodities are looking to trade within the range for today. Support for Gold is at 29180 & resistance at 29400. Support for Silver is at 44500 & resistance at 45300.

MUST KNOW BEFORE COMMODITY TRADING FOR 23-JAN-2014

On yesterday’s trading session all base metals closed negative except Nickel closed positive. The majority of metals closed negative on expectations that the US Federal Reserve will continue to scale back its assets purchasing program grew, the US dollar index remained strong. But for today’s trading session strong recovery may come into picture in all base metals as these are trading near the support levels.

Precious metals closed negative on yesterday’s trading session where Gold settled down -0.31% at 29150 due to technical weakness and strength in the dollar. Silver settled down -0.32% at 44338 as investors awaited U.S. data to gauge the strength of the economy. The two commodities are looking negative for today and any bounce may be used as selling opportunity where resistance for Gold is at 29250 & 29350 and resistance for Silver is at 44550 & 44800.

COMMODITY OUTLOOK FOR TODAY(22/01/2014)

Precious metals closed negative on yesterday’s trading session where Gold settled down -0.16% at 29241 due to investors’ evaluation of rally’s impact on demand when the Dollar appreciated. Silver settled down -1.21% at 44480 on speculation about further cuts to the U.S. Federal Reserve’s stimulus measures and an improving outlook for the global economy. The two commodities are looking negative for today and any bounce may be used as selling opportunity where resistance for Gold is at 29350 & 29450 and resistance for Silver is at 44800 & 45200.

 On yesterday’s trading session all base metals closed positive on concerns of near-term tight supply, LME inventories continue to fall and a port strike in Chile exacerbated a temporary shortage of the metal. And, for today’s trading session the metals are expected to trade with positive bias and strong recovery can be seen from their support levels.

MCX Crude oil settled up 1.88% at 5922 as upbeat IMF global growth forecasts support oil demand expectations also support seen after the news that Libya´s oil minister had resigned also added to price gains. International markets in fact managed to cross resistance of 95$ but still this above move looks to be corrective and the commodity might fall in the coming trading sessions. Intraday support for Crude Oil is at 5910 & 5870 and resistance is at 5955 & 6010.

MCX Natural Gas settled up 3.96% at 273.30 rose sharply on Tuesday, as frigid winter temperatures and heavy snow was expected across most parts of the U.S. Northeast in thecoming days. The commodity is expected to trade under pressure till the time it does not manages to cross resistance of 278 but the overall trend for the commodity is positive. Support for Natural Gas is at 274 & 272 and resistance is at 278 & 281 in this commodity.

COMMODITY MARKET NEWS FOR TODAY 21/01/2014

Precious metals closed flat on yesterday’s trading session where Gold settled at 29288 after touching its highest level in nearly six weeks with a lower dollar and a dip in equities boosting investor confidence in the yellow metal. Silver settled flat at 45024 carrying the last weeks gain as traders continued to speculate over how quickly the Federal Reserve will roll back its stimulus program. The two commodities are looking negative for today and any bounce may be used as selling opportunities where resistance for Gold is at 29370 & 29450 and resistance for Silver is at 45300 & 45600.

KEYS TO TRADE IN COMMODITY FOR 20/01/2014

Precious metals closed positive on Friday’s trading session where Gold settled up 0.8% at 29265 as weakness in U.S. equities, strong fund buying and Asian physical demand lifted bullion prices. Silver settled up 1.33% at 45136 with investors turning to the precious metal after global equity markets trended lower after a government report showed the cost of living in the US increased by the most in six months. The two commodities are looking positive for today but the upside seems to be limited where resistance for Gold is at 29370 & 29450 and resistance for Silver is at 45500 & 45900.

COMMODITY OUTLOOK FOR TODAY

Precious metals closed negative yesterday where Gold settled flat at 29034 largely traded flat in the range of 28950-29150 after two consecutive days of losses. Silver settled down -0.54% at 44545 but overall market was steady as a string of U.S. data showed more strength in the recovery of the world’s largest economy. The two commodities are looking weak for the days to come if Gold doesn’t break 29200 and Silver 45600 on the upside.

On yesterday’s trading session almost all base metals traded sideways in the first half of the trading sessions but later seen sell off from higher levels. And, for today’s trading session the metals are expected to trade within the range only but might be with positive bias.

MCX Crude oil settled down -0.72% at 5781 eased on Thursday in light trade as more supply from the Middle East was offset against news of lower output from OPEC. International markets may feel resistance near 95$ level but once this level is broken then again the trend will change for the commodity. Intraday support for Crude Oil is at 5760 & 5720 and resistance is at 5830 & 5850.

MCX Natural Gas settled down -0.48% at 269.20 given up all it’s earlier gain as weather forecasts called for reinforcing blasts of cold air to trek east across the U.S. and hike demand for heating in the nation’s homes and businesses, while supply data capped gains albeit slightly. A blast of cold air shooting across the country, including in the south eastern U.S., will see reinforcing chilly air masses follow suit, which sent natural gas prices rising on Thursday. Support for Natural Gas is at 267 & 262 and resistance is at 273 & 277 in this commodity.

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COMMODITY OUTLOOK FOR 16/01/2014

Precious metals closed negative yesterday where MCX Gold settled at 29019 & MCX Silver settled at 44785 because of strong & positive equity markets. Gold & Silver traded with negative bias the whole day but managed to close above their daily 8EMA which suggests positive momentum to continue for a while in these two commodities and only closing below the support levels will bring any major down move in these commodities.

On yesterday’s trading session almost all base metals traded with negative bias in the first half of the trading sessions and showed massive recovery in the later half of the session and the closed above their resistance levels. And, for today’s trading sessions the metals might trade with negative bias in the first half of the sessions but later the up move is expected to be seen in the base metals.

MCX Crude Oil recovered on aggressive short covering by the traders. Crude Oil prices broke the resistance level of 5770 in yesterday’s trading sessions and also traded with positive bias the whole day. International markets may feel resistance near 95$ level but once this level is broken then again the trend will change for the commodity. Intraday support for Crude Oil is at 5760 & 5720 and resistance is at 5830 & 5850.

MCX Natural Gas traded with positive bias the whole day and closed above its resistance of 270 and now it may consolidate a bit for 2-3 trading sessions to resume its uptrend again. Support for Ntural Gas is at 268 & 265 and resistance is at 272 & 275 in this commodity.

Intraday call For Gold Today

 "SELL GOLD Above 28980.00 T1- 28840.00, T2- 28700.00, T3- 28600.00 with SL-  29098.00"

BULLION OUTLOOK FOR 15 JAN 2014

YESTERDAY’S TRADE: We recommended a sell call in COPPER in the range 457.20 to 457.40 which achieved our 1^st Target of 455.30.

Precious metals closed negative yesterday where MCX Gold settled at 29096 & MCX Silver settled at 44941. Gold & Silver exactly followed the resistance levels mentioned in yesterday’s trading session and fell drastically in yesterday’s later trading session and now if any bounce comes in these two commodities would be used as a selling opportunity.

 On yesterday’s trading session almost all base metals opened gap up except Copper opened flat to negative but traded with negative bias almost the whole day. It is expected that all the base metals may fall further to at least test their support levels as the intermediate term trend for base metals is negative.

MCX Crude Oil shown recovery from lower levels but could not cross the resistance of 5720 & 5770 on yesterday’s trade and can be further assumed that it might cross resistance of 5720 in today’s trading session but 5770 will act as a good selling opportunity level. Intraday support for Crude Oil is at 5640 &5570.

MCX Natural Gas moving as per the expectations on yesterday’s trade with opening above 265 level and strongly holding that level and it is further expected that the commodity can further test the levels of 270 & 279 in the coming trading sessions.

Commodity Bullions Outlook

On yesterday’s trade almost all base metals closed positive except Copper-closed flat. It is expected that all the base metals may rise further one and a half percent from where selling pressure may again come into picture as the intermediate term trend for base metals is negative.

COMMODITY MARKET UPDATES 13/01/2014

"Sell crude palm oil @ 538 sl 542 tgt  532/530"

 Gold and silver prices are likely to remain bearish ON Saturday with both precious metals to come under downside pressure Gold may fall below $1200/Oz and if downside pressure continues, it could test $1185-1182 mark while MCX Gold Feb contract has support 27700, 27000 mark while resistance is seen at 29350, 30,300

KEYS TO TRADE IN COMMODITY FOR 11/01/2014

"Sell copper fab @  457.6 SL 459 TGT 453/451"

In  the commodities, both gold and silver are trading marginally higher at $1232 and $19.75 up by 0.2% and 0.3% at the Comex platform. WTI crude is trading higher by 0.9% at $92.58 per barrel at the NYMEX platform. Lastly, base metals 3M forwards at the LME platform are trading higher in the range of 0.3% to 1% after declining over 1.5% on an average in the Thursday  trading session.

COMMODITY MARKET UPDATES FOR 10/01/2014

"sell lead @ 130.5 SL 131.02 TGT 129.1/128.5"
IN commodities, both gold and silver are trading lower. Gold is trading at $1226, down by 0.2%, while silver is trading down by over 1% at $19 at the Comex platform. WTI crude is trading marginally higher by 0.1% at $93.7 per barrel at the NYMEX platform. Lastly, most of the base metals 3M forwards at the LME platform are trading lower.

KEYS TO TRADE IN COMMODITY FOR 09/01/2014

"BUY SILVER FEB @ 43800 TGT 44100 SL 43550"

On wednesday in the market of commodities, both gold and silver are trading lower. Gold is trading at $1226, down by 0.2%, while silver is trading down by over 1% at $19 at the Comex platform. WTI crude is trading marginally higher by 0.1% at $93.7 per barrel at the NYMEX platform. Lastly, most of the base metals 3M forwards at the LME platform are trading lower.

KEYS TO TRADE IN COMMODITY 08 JAN 2014

"Buy gold  feb @ 29000  tgt  28650/28550 sl 29295"

Gold eased for a second session on Wednesday as equities inched higher on optimism over US economic growth, curbing bullion's safe-haven appeal.

INTRADAY CALL FOR COPPER 7-JAN-2014

"BUY COPPER FEBRUARY ABOVE  465.75 SL 463.75 TGT 467.75/469.75/471.75"

Copper declined  most in two weeks, leading drops in industrial metals, after a gauge of china’s services industry fell, stoking concern that demand will weaken in the biggest user.Copper futures rose for the first time in three sessions

COMMODITY MARKET UPDATES FOR 07/01/2014

Most Asian equities ended on a negative note wherein mainly pressure came in from the negative HSBC Chinese PMI service number. European equities are also trading on marginally negative note

From commodities, 

COMMODITY MARKET UPDATES FOR 06 JANUARY 2014

Last time  precious metals prices lined up this way, we were on the cusp of massive volatility and collapse. Silver and gold had recently been pummeled in the same not-for-profit manner that has riddled these markets for more than 40 years in the modern era (and perhaps much longer throughout the history of the monetary metals)

COMMODITY MARKET UPDATES FOR 04/01/2013

During the evening session, there are no major economic data pertaining to base metals and, we expect the metals pack to trade lower and recommend selling in select base metals like copper, nickel and zinc. , both gold and silver are trading up by 0.4% each at $1230 and $20 respectively at the Comex platform. WTI

COMMODITY MARKET UPDATES FOR 03/01/2013

 There is a sudden change in  India gold futures.it get higher on Thursday as a result of fresh buying and a rebound in yellow metal prices in the international market.Meanwhile,crude oil recorded a volatile trade while copper futures also rises up.

Commodity trends in 2014

“Buying precious metals at this stage requires a great deal of stamina and patience as a mountain of fundamental drivers is blocking a potential path to recovery”.

Gold and silver prices hampered by rising growth expectations, but supported by physical buying. Physical buying of gold has remained strong, but not enough to offset negative investor sentiment as tactical investors have sold aggressively as the US dollar and real interest rates have increased. As long as the US dollar continues to firm and real interest rates rise the gold price will likely remain under pressure. However, we believe that a strong physical demand reaction to lower prices similar to that seen in the first half of 2013, together with falling gold production and lower supply from gold recycling will help to limit price downside.

Although prices are expected to find some support in 2014,we are expecting to see a “V-shaped” recovery in prices; instead, we are expecting the next year to be a period of consolidation and a return of volatility.

Intraday call For Gold Today

Buy Gold Jan @ Rs. 28600 target Rs. 28800 stoploss Rs. 28400

Commodity Market Updates for 02/01/2014

Gold suffers biggest fall for three decades, ending year down almost 32%.

.No movement could be seen in the Spot gold and Silver prices as the major international markets are closed today owing to New Year..

Commodity Market Updates

Hi,I am commodity Analyst, I will try to bring you latest news in commodity segment

Commodity Market Today are lackluster due to Closing of international Markets.

  Gold opened today with decreased price but in Mcx Market traded at upper side with 12 points increment. In morning time gold opening price is 28400 points and its last previous closed price is 28422 points.

Mcx Silver in morning time opens with incremented price and traded at upside with good optimistic prices. Mcx Silver opens with 43870 points above side and its last previous closed price is 43833 points. Recently silver going upside with 122 points upside.

 India's eight core industries grew in November, after a decline in the previous month, official data showed. The eight core industries' output rose 1.7 percent year-on-year, following a 0.6 percent fall in October. It was the smallest infrastructure output growth since June.