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