MARKET OUTLOOK OF COMMODITY 29 JAN 2016

FUNDAMENTAL OUTLOOK :  Industrial metals are trading higher on International bourses today. We expect prices to trade higher for the day, as traders took heart from stabilising oil prices, solid China imports despite its slowing economy, and stockpiling ahead of the Lunar new year. Base metals are trading on a neutral note today

• ·        Industrial metals slid on Thursday as the market started to factor in slower activity in China ahead of the New Year holiday, but expectations of stronger imports by the top consumer in January and a weaker dollar helped to limit losses.
• ·         Japan's refined aluminium  imports fell to a 6-year low in 2015 as buyers reduced purchases after seeing record high levels of local inventory
• ·         China's imports of nickel are set to  jump in March and April, driven by a need to meet deliveries from investors who had taken out hefty positions in the Shanghai Futures Exchange's May contract, industry sources said.

MARKET OUTLOOK OF COMMODITY 28 JAN 2016

 “BUY SILVER AROUND 35200 TG 35500,35800 SL 35000”

Precious metals turned positive and rose to a 12-week high on Wednesday, after the U.S. Federal Reserve said it was "closely monitoring" global economic and financial developments, and held interest rates steady as expected. Precious metals are trading higher on COMEX today. We expect prices to trade higher for the day, after the U.S. Federal Reserve acknowledged a challenging global economy but signalled it was unlikely to be deterred from raising interest rates this year. Silver turned up 0.3 percent to $14.54 an ounce. We expect silver prices to trade positive on the back US FOMC statements. Silver prices rallied on MCX to catch up the previous session’s gains of COMEX however not built any further gains could post the initial gains.

MARKET OUTLOOK OF COMMODITY 27 JAN 2016

Gold: Gold rose to a 12-week high , shrugging off strong stocks with nervous investors moving into safe havens as the U.S. Federal Reserve began a two-day meeting expected to give clues about the timing of the next interest rate increase. The Fed is expected to take notice of the macroeconomic headwinds from China at its meeting, boosting hopes that it may go easy on increasing interest rates further. It is widely expected to leave its federal funds rate unchanged at 0.25-0.50 percent. China's net gold imports for December via main conduit Hong Kong surged to the highest in more than two years, data showed, as investors lost faith in collapsing stock markets and a weakening currency and snapped up bullion.

Outlook : We expect gold prices to trade positive ahead of Fed meeting. The above is hourly chart of Gold. It suggests that prices are trading in uptrend. However, it is expected to correct down before further upside. On the downside, immediate support is located at 26450 levels.

Technical Outlook :Gold

MARKET OUTLOOK OF COMMODITY 25 JAN 2016

Gold : Gold fell on Friday as hints of more monetary stimulus from the European Central Bank weighed on the euro and pushed stocks higher, denting appetite for alternative assets. ECB President Mario Draghi said on Thursday that fading growth and inflation prospects will force the bank to review its policy stance in March, a strong signal that more easing could be coming within months. Even with the day's loss, gold was poised to end the week higher. Bullion has benefited from the risk aversion that hurt stocks and crude oil this month, though slow physical demand from major consumers China and India kept a lid on price gains. Gold premiums in China rose only slightly this week and sellers in India offered discounts given poor demand. Holdings of the world's largest gold-backed exchange-traded fund, New York-listed SPDR Gold Shares, rose a further 1.8 tonnes on Thursday, data from the fund showed. That brought its inflow for the week to 4.2 tonnes. Outlook We expect gold prices to trade positive on the back of statements from ECB president Mario Draghi.

Technical Outlook

Gold Strategy

S2 S1 26000 26100

 Close 26160

R1 R2  26300 26400

WEEKLY VIEW OF COMMODITY MARKET

BUY Crude ABOVE 2100 TG 2180,2280 SL 1950

International   markets is trading as red on other hand  the Multi Commodity Exchange ( MCX);  bullion’s base metal and energy have loss  although  apart these crude had gained.

Gold prices up  by 0.99 per cent on Friday. As investors will focus these month on federal fund rates.

Gold futures for February 2016 contract, at MCX, is trading at 26160 per 10 grams, up  by .99 per cent after opening at Rs. 26053  against the previous closing price of Rs 26111. It touched the weekly low at 25860.

Copper futures for febauary2016 contract, at MCX, made weekly  low with rate of 295.25. And touched the high of 303.95 on ending day of trading session . further week is expected  to touch the rate of 298 and take the way of rally.

Crude futures were poised for their first weekly gain this year, but  there had been no shift in the fundamental backdrop of supply that far exceeds demand and swelling inventories of unwanted oil and oil products.

Else above from these, energy sector  had given good return  among all the three segments (bullion, base metal energy) on  crudeoil had gained around 170 points whereas natural gas had gained around 9 points. Further week same is expected for energy sector to be in green indication.

Upcoming week of market session is expected to remain in bullish form. These week has more and more focus on federal fund rate and unemployment data .

Gold resistance 26300,26700,27000 support 25900,25700,25400

Copper resistance 306,311,318 support 296,290,282

Zinc resistance 103,105,108 support 99,97,94

MARKET OUTLOOK OF COMMODITY 22 JAN 2016

YESTERDAY’S  CRUDEOIL ROCKSSS !!!!!!!!!

HIT FINAL TGT 1985

GOLD DAILY CHART:

The above is hourly chart of Gold. It suggests that prices are trading in uptrend. It is likely to find support near 26105 levels. On the upside, immediate resistance is located at 26420 levels.

Trading Call: Buy around 26225 levels with a stop loss placed below 26105 levels for target of 26420 levels.

SILVER DAILY CHART:

MARKET OUTLOOK OF COMMODITY 21 JAN 2016

YESTERDAY’S  LEAD HIT FIRST TGT 109!!!!!!!

“BUY 2 LOT CRUDEOIL FEB CONTRACT ABOVE 1925 TGT 1950/1985 SL 1890” 

Crude Oil :U.S. oil prices crashed below $27 dollars a barrel on Wednesday for the first time since 2003, caught in a broad slump across world financial markets with traders also worried that the crude supply glut could last longer. Oil has fallen more than 25 percent so far this year, the steepest such slide since the financial crisis, piling more pain on oil drillers and producing nations alike. Yet they keep pumping more oil into an oversupplied market. Venezuela requested an emergency OPEC meeting to discuss steps to prop up prices, but other delegates dismissed the idea. A UAE shipping firm became one of the first to resume direct business with Iran after international sanctions on Tehran were lifted at the weekend, a reminder of how quickly more oil may flow. On Tuesday, the International Energy Agency warned that the world could "drown in oversupply" of oil in 2016, with the lifting of sanctions against Iran allowing that country to add its exports to the global glut. The selloff triggered a further slide in shares of big U.S. shale drillers, as investors feared much of the sector would struggle to withstand a prolonged period with prices below $30.

MARKET OUTLOOK OF COMMODITY 20 JAN 2016

“CRUDEOIL ALMOST HIT FINAL TGT MADE HIGH OF 2040”

SELL LEAD ABOVE 110 TG 109,108 SL 111

Market Review & Outlook: Metals recovered from their lows after the slew of Chinese numbers remained a notch lower than the expectations, but were still able to subside the recessionary fears in the economy. Hopes of fresh stimulus lifted the sentiments further and helped the metals to close on a positive note, although the gains remained limited and most of the metals lost most of the ground by closing. In Europe, Euro zone Final CPI and final core CPI at 0.2 percent and 0.9 percent respectively were in line with forecasts. ZEW economic sentiment at 22.7 missed the expected 27.9 but German ZEW economic sentiment at 10.2 was better than the predicted 8.2. Earlier, the EU current account at 26.4 billion Euros was stronger than the forecast 19.3 billion Euros. Japanese manufacturers' morale slipped in

MARKET OUTLOOK OF COMMODITY 19 JAN 2016

“SILVER ALMOST HIT FINAL TGT MADE HIGH OF 34489”

BUY CRUDEOIL ABOVE 2000 TG 2025,2050 SL 1070

CRUDE: Oil under $30? Some are getting closer to $10

Light Sweet Crude The light sweet crude market went back and forth during the course of the day on Monday, as the $30 level of course is a level in the market that cause quite a bit of interest. After all, it is a large, round, psychologically significant number

Technical Outlook: Crude oil prices are higher but only after falling to fresh 12-year lows at 28.60, in the wake of news that Iran will bring another 500K barrels of oil on to the market. On Friday, Baker Hughes reported that U.S. oil rigs only reduce their rig count by 1.

MARKET OUTLOOK OF COMMODITY 15 JAN 2016

“BUY SILVER ABOVE 34000 TG 34250,34500 SL 34650”

Silver: Silver was up 0.6 percent at $13.92 an ounce. U.S. retail sales fell in December as unseasonably warm weather undercut purchases of winter apparel and cheaper gasoline weighed on receipts at service stations, the latest indication that economic growth braked sharply in the fourth quarter. The growth picture was further darkened by other data on Friday showing industrial production fell in December, dragged down by cutbacks in utilities and mining output. Business inventories were also weak, posting their biggest drop in just over four years in November.

Outlook :We expect silver prices to trade positive on the back of China’s growth concerns. Technical Outlook: Silver Mar

S2 S1 : 33600 33900

Close : 34054

R1 R2 :  34300 34600

MARKET OUTLOOK OF COMMODITY 15 JAN 2016

CRUDE OIL ROCKS....!!!!!!!!!!!!!!!

YESTERDAY CRUDE HIT FINAL TGT 2135 !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Gold: Gold prices couldn’t sustain at its highs at 26015 levels yesterday. Any major downside in the counter is likely only if prices breakdown below 25439 levels. Until then areas between 25600 up to 25450 will provide good support for the counter. Momentum above 26015 will push prices higher towards 26123 levels.

Silver: Silver closed down with a cut of 1.56% yesterday. Weakness below 33550 will see prices slip towards major support zones between 33325—33030 zones. The counter can witness a pullback rally towards 34000 areas. Failure to sustain at higher levels can be sold into by day tradersCrude Oil (Rs/Bbl): Jan.

Crude Oil prices couldn’t sustain at its resistance at 2145 levels yesterday. The counter has hit fresh swing low of 2007 levels. We expect prices to test next support at 1974 levels. Momentum above 2050 will trigger a sharp intraday bounce towards 2110/2130 areas. A daily close below 1974 will open downside targets of 1840/1751 levels.

MARKET OUTLOOK OF COMMODITY 14 JAN 2016

YESTERDAY SILVER HIT FIRST TGT 33400 !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

“BUY CRUDE ABOVE 2060 TG 2099,2135 SL 2030”

Gold: Gold prices have managed to rebound from its support around 25500 levels. Momentum above 26000 will see prices re-test its recent swing highs at 26123 levels. The counter is likely to face resistance as prices approach 26100 areas. Weakness below 25790 will push prices lower towards 25550/25500 levels.

Silver: Silver moved higher once prices broke above its resistance at 33650 levels yesterday. Sustenance above 33900 on dips will see prices rally further towards 34400/34531 levels. A daily close above 34600 will open upside targets of 35140/35359 levels. Weakness below 33900 will push prices lower towards 33550/33400 levels again.

Lead: Failure to break below 108.30 on dips will see Lead prices rebound higher towards 111.50 levels. Sustenance below this support will push prices lower towards 107/106.80 levels again. The correction will resume only once prices break below 106.80 levels. Until then the counter will consolidate between 107—112 levels.

MARKET OUTLOOK OF GOLD AND NATURAL GAS 13 JAN 2016

YESTERDAY SILVER HIT FIRST TGT 33400 !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

“SELL SILVER BELOW 33600 TG 33400,33200 SL 33800”

Gold : Gold fell for a third straight session on Tuesday as a rebound in European and U.S. stock markets undermined the metal's appeal as a haven from risk, and as the dollar strengthened against a basket of currencies. The metal's early January rise ran out of steam late last week after prices hit resistance at their 100-day moving average. Gains have been capped by concerns over higher U.S. interest rates. Since the U.S. Federal Reserve raised rates in December, attention has shifted to how many hikes will follow in 2016.

Outlook : We expect gold prices to trade positive on the back of China’s growth concerns.

Natural Gas: U.S. natural gas futures fell almost 6 percent on Tuesday, the biggest decline since late December, on forecasts for less cold weather that is expected to reduce heating demand a bit over the next two weeks. After rising to 12-week high last week, front-month gas futures on the New York Mercantile Exchange have so far traded down around 9 percent this week. Both the U.S. and European weather models forecast temperatures would remain colder-than-normal over the next two weeks. The latest midday U.S. model however forecast less cold than the morning projection.

Outlook:

MARKET OUTLOOK OF COMMODITY 12 JAN 2016

YESTERDAY CRUDE HIT FIRST TGT 2210 !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

“SELL SILVER BELOW 33600 TG 33400, 33200 SL 33800”

Silver: Silver prices will slip towards major support around 33150—33030 levels if the counter starts to trade below 33400. Prices needs to show momentum above 33700 to re-test 34000 areas. Any major downside in the counter is likely only on a break below 33000 levels.

Gold: Gold prices are consolidating at higher levels. A decisive breakdown below 25700 will push prices lower towards 25380 areas. Failure to break below this support will see prices rebound towards 26123 levels again. Sustenance above 26140 will push prices higher towards 26330 levels.

Crude Oil (Rs/Bbl): Crude Oil continue to slide lower. Weakness below 2047 will push prices lower towards 2000/1974 levels. Pullback rallies will face selling around 2114-2125 zones. Major resistance for the counter is seen around 2160 levels.

Natural Gas (Rs./Mmbtu): Natural gas prices have retraced from its swing highs at 165.70 levels. A decisive breakdown below 155 will see prices correct further towards 150/148.50 levels. The counter needs to show momentum above 159 to retest 162.50/164 levels.

MARKET OUTLOOK OF COMMODITY 11 JAN 2016

“BUY CRUDEOIL 2180 TG 2210,2240 SL 2150”

CRUDEOIL:

Above is daily chart of MCX Crude oil. It suggests that prices are trading in typical downtrend channel. It is expected to hold above channel support 2065 levels. On the upside, gain above 2300 will fetch some recovery up to 2570 levels. Hence, bias is likely to turn on the upside.

GOLD:

Above is MCX Gold Oct daily chart. In the last week, prices gained more than 4 percent before ending the week around 26000 levels. In this week, it is expected to continue its bullish momentum upto 26500-26700 levels. On flip side, immediate support is located around 25720 levels.

SILVER:

WEEKLY OUTLOOK OF MCX MARKET

ZINC NOT EXECUTED !!!

      "BUY COPPER ABOVE 300 TG 305,310 SL 295"

International   markets is trading as ASIA MARKET IN GREEN whereas EUROPE IN RED  on other hand  the Multi Commodity Exchange ( MCX);  bullion’s base metal and energy have loss  although  ZINC ,ALUMINIUM , NATURAL GAS, NICKEL.

Gold prices up  by 1.04 per cent on Friday. As investors will focus these month on the unemployment  rate, federal  budget balance.

Gold futures for February 2016 contract, at MCX, were trading at Rs. 25982 per 10 grams, up  by 1.00per cent after opening at Rs. 25040 against the previous closing price of Rs 24962. It touched the weekly low of Rs. 25034 on Monday itself the starting day of week.

Copper futures for febuary2016 contract, at MCX, made weekly  low with rate of 296. And touched the high of 315.70 on starting day of trading. And continued on the way of rallies by making low of 296.40 on Thursday’s session after releasing the natural gas storage.

Else above from these, energy sector  had given good return  among all the three segments (bullion, base metal energy) on  natural gas .

Upcoming week of market session is expected to remain in bullish form. These week has more and more focus on federal budget . apart from these there are also inventories on crude and natural gas.

Gold resistance 26150,26300,26550 support 25800,25700,25400

Copper resistance 306,311,318 support 295,288,280

Zinc resistance 103,105,108 support 98,96,92

MARKET OUTLOOK OF BASE METALS 08 JAN 2016

“SELL ZNIC BELOW 100.20 TG 99.20,98 SL 101”

“BUY COPPER FEB CONTRACT 301 TG 305,308 SL 298”

 China's stock markets were suspended for the day less than half an hour after opening as a new circuit-breaking mechanism was tripped for a second time this week. Shanghai stocks slid 7.3 percent to trigger the halt, a repeat of Monday's losses. Data published this week showed China's manufacturing sector shrank for the 10th month running in December, while activity in services fell to a 17-month low. China's central bank allowed the Yuan to fall to its lowest level against the dollar since March 2011, a move analysts said was an acknowledgement of weak growth.

The above is hourly chart of Copper. It suggests that prices are taking support somewhere near 296-299 zones. It is expected to give pullback before further fresh down move. On upside, resistance is located around 305.90 levels.

COPPER:

The above is hourly chart of Copper. It suggest that prices are taking support somewhere near 296-299 zone. It is expected to give pullback before further fresh down move. On upside, resistance is located around 305.90 levels.

ZINC:

The above is hourly chart of Zinc which suggests that prices are recovering on the upside after losing more than 3.5 percent in the previous session. On downside, immediate support is located at 99.30 levels.

NICKEL:

MARKET OUTLOOK OF NATURAL GAS JAN 2016

Natural Gas (Rs./Mmbtu): Momentum above 156.50 will see Natural gas prices bounce higher towards 157.90/160 levels. The counter may not sustain at higher levels between 160—162 zones. Corrective moves from higher levels will see prices correct towards 149.80/146 zones. The counter needs to sustain above 162 for the rally to advance higher towards 167 areas. 

Copper: Copper moved lower once prices broke below its support at 307.50 levels. Sustenance above 304 will trigger an intraday bounce towards 306.50/307 levels. Prices can test its support around 300/299.50 levels. A daily close below 299.50 will push prices lower towards 293.50 levels.

MARKET OUTLOOK OF SILVER 2016

Outlook

Buy @ cmp (33695) & accumulate more on dips towards 33200 for upside target of 35000 / 36000; SL below 32800 (closing basis). It is has taken support of medium term trend line. It has formed positive reversal on RSI signaling a bounce from current levels. Silver rose 1.2 percent to $14.01 an ounce, having ended 2015 down 11.7 percent. We expect silver prices to trade sideways as US interest rate outlook is likely to keep prices under pressure and short covering after slump in prices likely to support prices.

Technical Outlook Silver Strategy

Silver mar Strategy Sideways

S2 S1 : 33100/33300

Close  : 33666

R1 R2 : 34100 /34400

DAILY CHART:

MARKET OUTLOOK OF NCDEX JAN 2015

Soya Bean: Jan. Soya bean prices have found support between 3656—3636 zones. A pullback rally will commence once prices break above 3755. Counter will rally towards 3829/3869 levels in that case. A daily close below 3630 will push prices lower towards 3537/3480 levels. Ref. 

Soya Oil: The outlook for Ref. Soya Oil prices will remain negative until prices stay below 626 levels. Weakness below 612 will push the counter lower towards 610.60/607 levels. A weekly close below 607 will open downside targets of 598.50/592.30 levels in the counter. Momentum above 626 will see prices rally towards 634 levels.

Chana: Jan. Chana prices managed to bounce from its support areas around 4700 levels.

MARKET OUTLOOK OF COMMODITY 04 JAN 2015

FOR TWO DAYS FREE TRIAL CALLS OF COMMODITY PLEASE FILL UP THE FORM GIVEN HERE >>>>>>>>>>>>>>>>>

Gold: Momentum from current levels will push Gold prices higher towards 25415 areas. A daily close above 25415 will open upside targets of 25535/25640 levels for Gold. Intraday view for the counter will turn negative only if prices start to trade below 25090 levels. Sustenance below this level will push prices lower towards 24930/24880 levels again.

Silver: Silver is trading up with a gain of close to 1% currently. Prices should test its immediate resistance around 33800—33850 levels. Failure to sustain between these areas will trigger a correction towards 33450/33350 zones. A daily close above 33850 will open upside targets of 34088/34300 levels for the counter.

WEEKLY OVERLOOK OF MCX MARKET

crude oil  ALLMOST 1TG HIT @2540!!!

      BUY ZINC ABOVE 107 TG 109,111 SL 105

International   markets are currently trading on a good position as  US MARKET AND EUROPE MARKET is seen in red whereas ASIAN MARKET is to be watched in green except STRAIT TIMES,KOSPI,SHANGHAI COMPOSITE. on other hand  the Multi Commodity Exchange ( MCX);  bullion’s base metal and energy have gained although  CRUDEOIL (energy) is only the one which is to be watched in red signals.

Gold prices down by 0.99 per cent on Friday. As investors continued  for the FOMC meting, unemployment rate, NG&CRUDE INVENTORIES

Gold futures for February 2016 contract, at MCX, were trading at Rs. 25060  per 10 grams, down by 1.00per cent after opening at Rs. 25,123 against the previous closing price of Rs. 25067 . It touched the weekly low of Rs. 24855 on Thursday market after natural gas inventories released..

Copper futures for febuary2016 contract, at MCX, made weekly high with rate of 318.85. And touched the low of 307.50 on Tuesday’s market and given a return on rallies.

Else above from these, energy sector  had given much high return among all the three segments (bullion, base metal energy) on both crude oil as well as natural gas . NATURAL GAS had increased  from 134 to 157 cover of  24points return in a week for buyers. whereas crude oil  has given return on rallies from 2497 to 2480.

Upcoming week of market session will remain in buying   session also there are so many results to announce in a new year with inventories

Gold resistance 25299,25450,25700 support 24850,24700,245500

Copper resistance 319,324,328 support 312,308,305

Lead resistance 121,124,127 support 115,114.50,112

MARKET OUTLOOK OF COMMODITY 02 JAN 2015

CALL GIVEN ON 30 DEC 2015

YESTERDAY SELL GOLD FEB CONTRACT HIT FINAL TGT 24920 MADE LOW OF 24850!!!!!!!!!!!!!!!!!

BULLION

The above is hourly chart of Gold. It suggests that prices are trading in sideways to down trend. It is expected to fall below trend channel support line and correct down till 24850 levels. On upside, immediate resistance is located at 25060 levels.

02 Jan 2016 Trading Call: Sell around 24970 levels with a stop loss placed above 25060 levels for target of 24850 levels.

ENERGY

The above is hourly chart of Crude Oil. It suggest that prices are likely to find support near 2430 levels in today's session. Further support is located at 2385 levels. On upside, resistance is located at 2500 levels.

02 Jan 2016 Trading Call: Buy around 2430 levels with a stop loss placed below 2385 levels for targets of 2500 levels.

METALS