Monday, 29 September 2014

Latest News on Natural Gas and Oil

Crude Oil:
Crude oil prices gave breakout above trend line resistance and now prices should move higher. Prices are expected to have support at Rs.5745 and buying can be seen there. On higher side prices can test Rs.5830-5840 levels and fresh buying can be seen if prices sustain above this. Prices should not fall below Rs.5700 to maintain the positive outlook.

Natural Gas:
Natural Gas prices have support at Rs.244.0 and intraday buying can be seen there. Prices on higher side can test Rs.250-251.0 and again selling will emerge there. Prices should not fall below rs.241.0 to maintain positive outlook for the day.

www.marketmagnify.com
Ph: 0731-6619100

MCX Commodity Base Metals Price

Copper:
November Copper prices are expected to have resistance at Rs.415.50-415.0 and selling can be seen there. On lower side prices can test Rs 412.0 and Rs.410.0. Prices should not move above Rs.417.50 to remain weak for the day.

Zinc:
Zinc September prices are expected to have resistance at Rs.140.0 and can remain under pressure as far as it trades below this level. On lower side prices have support at Rs.138.0 and fresh selling can be seen below this for Rs.136.5

Lead:
Lead September prices have resistance at Rs.128.0 and can remain under pressure as far as it trades below this level. On lower side prices have support at Rs.126.0 and fresh selling can be seen below this for Rs.125.0

www.marketmagnify.com
Ph: 0731-6619100

Gold and Silver Price Calculation in MCX

Gold prices are expected to have intraday resistance at $1225 i.e. Rs.26900-26950 and selling can be seen there. Prices on lower side can test $1210 i.e. Rs.26650. Prices should move above $1235 i.e. Rs.27130 to maintain the negative outlook for the day.

Silver December prices are expected to intraday resistance at Rs.39500-Rs.39550 and selling can be seen there. Prices are expected to remain weak till it trades below Rs.39800. On lower side prices can test Rs.39100 and Rs. 38900. Day close below Rs.38500 will prices sharply lower towards Rs.37000.

www.marketmagnify.com/bullion-services.php
Ph: 0731-6619100

Thursday, 25 September 2014

Natural Gas and Oil News for Today

Crude Oil
Crude oil prices are expected to have resistance at Rs.5660 and fresh upside can only be seen if prices give a breakout above this else prices can trade sideways to lower. Prices on lower side have support at Rs.5570 and Crucial support at Rs.5530. A day close below Rs.5530 will extend the fall.

Natural Gas
Natural Gas prices have support at Rs.239.0 and intraday buying can be seen there. Prices on higher side can try to test Rs.244.0 and fresh upside can only be seen above this towards Rs.248.0 else prices will again come down. On lower side prices should not fall below Rs.236.0 else prices can again turn weak.

www.marketmagnify.com
Ph: 0731-6619100

Aluminium, Nickel and Lead Metals Prices

Lead:
Lead September prices have resistance at Rs.127.5 and can remain under pressure as far as it trades below this level. Only a breakout above Rs.127.5 can take prices higher towards Rs.129.0. On lower side prices have support at Rs.125.0.

Nickel:
Nickel September prices have resistance at Rs.1065 and selling can be seen there. Prices on lower side can fall towards 1040 and Rs.1030. Prices should not move above Rs.1075 to maintain negative outlook for the day. 

Aluminium:
Aluminium September prices have resistance at Rs.119.5 and can remain under pressure as far as it trades below this level. Only a breakout above Rs.119.5 can take prices higher towards Rs.120.5. On lower side prices have support at Rs.117.5.

Indian Commodity Gold and Silver Prices

Gold prices are expected to have intraday resistance at $1220 i.e. Rs.26530-26570 and selling can be seen there. Prices on lower side can test $1195 i.e. Rs.26300 26330. Prices should not move above $1226 i.e. Rs.26750 to maintain negative outlook for the day.

Silver December prices are expected to intraday resistance at Rs.39500-Rs.39550 and selling can be seen there. Prices are expected to remain weak till it trades below Rs.40000. On lower side prices can test Rs.38800 and Rs. 38500. Day close below Rs.38500 will prices sharply lower towards Rs.37000.

www.marketmagnify.com
Ph: 0731-6619100

Tuesday, 23 September 2014

International Commodity Market Outlook

We expect gold and silver prices to trade lower as prices are trading at the lowest point since the start of the year. Besides, the growth in the US economy is leading to declining speculative interest in the metal acting.

Crude oil prices are expected to trade lower on ample supplies in crude markets as the demand side remains tepid from China and other Euro-zone economies exerting downside pressure

Copper prices are expected to trade lower on slow growth in China coupled with expectations that the US Federal Reserve is going to raise interest rates sooner or later acting as a negative factor for prices

www.marketmagnify.com
Ph: 0731-6619100

Natural Gas and Oil News for Today

Crude oil prices have strong support at Rs.5525 and as far as prices are holding this support, prices can trade sideways to higher and fresh upside can be seen only above Rs.5650. Prices can have intraday resistance at Rs.5590. Only a break down below Rs.5525 can extend losses towards Rs.4450 in coming days.

Natural Gas prices have strong support at Rs.230.0 and fresh selling can be seen only below this else prices can trade sideways to higher. Prices on higher side have intraday resistance at Rs.239.0 and if sustain above this then further upside can be seen towards Rs.242.0.

www.marketmagnify.com
Ph: 0731-6619100

Aluminium, Nickel and Lead Metals Prices

Lead September prices are expected to have support at Rs.126.0 and buying can be seen there. Prices on higher side can test Rs.128.5. Prices should not fall below Rs.124.50 to remain positive for the day.

Nickel September prices have resistance at Rs.1035 and selling can be seen there. Prices on lower side can slide to Rs.1010. Prices should not move above Rs.1050 to maintain negative outlook.

Aluminium September prices are expected to have support at Rs.118.30 and buying can be seen there. Prices on higher side can test Rs.120.5. Prices should not fall below Rs.117.0 to remain positive for the day.

www.marketmagnify.com/bullion-services.php
Ph: 0731-6619100

Indian Commodity Gold and Silver Prices

Gold prices are expected to have intraday resistance at $1230 i.e. Rs.26800 and selling can be seen there. Prices on lower side can test $1210 i.e. Rs.26500. Prices should not move above $1235 i.e. Rs.26900 to maintain negative outlook for the day.

Silver December prices are expected to intraday resistance at Rs.39800-Rs.39900 and selling can be seen there. Prices are expected to remain weak till it trades below Rs.40100 On lower side prices can test Rs.38900 and fresh selling can be seen below 38700.

www.marketmagnify.com
Ph: 0731-6619100

Thursday, 18 September 2014

Commodity Market Metal Prices

Zinc:
Zinc September prices are expected to have crucial support at Rs.137.0 and temporary sell off can be seen only below this for Rs.136.50. On higher side prices have resistance at Rs.139.0 and prices can turn positive above this.

Lead:
Lead September prices are expected to have crucial support at Rs.127.50 and temporary sell off can be seen only below this for Rs.126.50. On higher side prices have resistance at Rs.129.0 and prices can turn positive above this.

Nickel:
Nickel September prices have resistance at Rs.1115 and prices are expected to trade sideways to lower as far as it trades below this level. Prices on lower side have support at Rs.1090 and Rs.1080.

www.marketmagnify.com
Ph: 0731-6619100

Natural Gas and oil Technical Recommendations

Crude Oil
Crude oil prices are expected to have support at Rs.5700-5710 and buying can be seen there. Prices on higher side can test Rs.5770-5780. Prices should not fall below Rs.5660 to maintain the positive outlook.

Natural Gas
Natural Gas prices have immediate resistance at Rs.242.0-243.0 and prices can see buying interest at this level. On higher side prices can extend rise towards Rs.248.0 249.0. Prices should not fall below 240.0 to maintain positive outlook.

Today's Gold and Silver Prices

Gold prices are expected to have intraday resistance at $1227 i.e. Rs.26800 Rs26830 and selling can be seen there. Prices on lower side can extend the fall towards $1205 i.e. Rs.26550-Rs.26570 and there will sharp recovery from this point. Prices should not move above $1233 i.e. Rs.26900 to maintain negative outlook for the day.

Silver December prices are expected to have resistance at Rs.41000-Rs 41100 and selling can be seen there. Prices are expected to test Rs.40400 and Rs.40200. Prices should not move above Rs.41250 to maintain negative outlook for the day.

www.marketmagnify.com
Ph: 0731-6619100

Tuesday, 16 September 2014

Natural Gas Technical Recommendations

Natural gas prices went against our view where in the commodity managed gains of around 2%. NYMEX NG for active October contract closed higher by 1.9%  to $3.93 per MMBTU whereas in India, MCX NG too jumped 1.95% to Rs 240 per MMBTU level.

NG climbed yesterday, extending its gains from last week. While we held a range bias in the commodity with negative bias on expectations that the commodity might look for fresh triggers over weather, extended warmer weather outlook in the USC west probably supported the commodity yesterday. While weather related changes are depicting a very high volatility in the US lately, we hold a cautious stand in the commodity though still believe, any major positivism in prices in unlikely. Intraday outlook is seen ranged.

www.marketmagnify.com
Ph: 0731-6619100

Spot Gold and Silver Prices

Spot gold prices declined by 3.19 percent and closed at $1228.13/oz. On the MCX, gold prices declined by 1.75 percent and closed at Rs.26898/10gms.

Spot silver prices in the international markets declined by around 2.98 percent and closed at $18.57/oz. On the MCX, silver prices declined by 0.01 percent taking cues from weak international markets and closed at Rs.41309/kg.

Intercontinental Commodities Exchange

India’s Consumer Price Index (CPI) dropped to 7.8 percent in August.

US Retail Sales increased by 0.6 percent in the previous month.

LME Copper stocks gained 1.4 percent in the last week.

Euro Zone Industrial Production grew by 1 percent in month of July.

India’s Industrial Production grew at slow pace of 0.5 percent in July

www.marketmagnify.com
Ph: 0731-6619100

Friday, 12 September 2014

Oil and Natural Gas Stock Price

Crude oil prices could not give close $91.00 and again bounced back. Prices are expected to have support at Rs5600 and buying can be seen there. Prices are expected to move higher towards Rs.5660 and Rs.5680. Prices should not fall below Rs.5550 to maintain positive outlook for the day.

Natural Gas prices are consolidating in a big range. Today prices are expected to have intraday support at channel line around Rs.230.0 and if holds then bounce can be seen there. Prices have intraday resistance at Rs.236.0 and Rs.238.0. Fresh fall can be expected if prices close below Rs.228.0.

www.marketmagnify.com
Ph: 0731-6619100

Commodity and Metal Prices

November Copper prices took channel line support around Rs.418.0 and bounced back. Prices are expected to have intraday resistance at Rs.422.0 and Rs.425.0. On lower side pries can have support at Rs.417.5. Prices are expected to remain in the range of Rs.418.0 and Rs.425.0 in coming days.

Zinc September prices are expected to have intraday resistance at Rs.139.0 and upside correction towards 141.0 can be seen if prices sustain above Rs.139.0. On lower side prices have support at Rs.137.0.

Lead September prices are still holding Rs.128.0. Prices if sustain above Rs.129.0 then can gain further towards Rs.131.0. Prices can give temporary breakdown below rs.128.0 and can extend fall towards 127.0.

www.marketmagnify.com/bullion-services.php
Ph: 0731-6619100

News About Gold and Silver Prices

Gold prices gave fresh breakdown below $1240 and now can extend its fall towards $1215-$1220 in coming days. Prices are expected to have intraday resistance at $1242 i.e. Rs.27030-Rs27060 and selling can be seen there. Prices on lower side can extend the fall towards $1226 i.e. Rs.26850. Prices should not move above $1251 i.e. Rs.27150 to maintain negative outlook for the day.

Silver December prices are expected to have intraday resistance at Rs.41200-41300 and prices can drift lower towards Rs.40600 and Rs.40400. Prices should not move above Rs.41700 to maintain negative outlook for the day.

www.marketmagnify.com
Ph: 0731-6619100

Wednesday, 10 September 2014

Oil and Natural Gas Stock Price

Crude oil prices jumped back sharply higher yesterday but could not hold the gains. Prices are expected to have resistance at $93.50 i.e. Rs.5680 and can again move lower towards $92.00 i.e. Rs.5610. Prices are expected to remain in this range. 

Natural Gas prices are expected to have support at Rs.242.0 and buying can be seen there. On higher side prices can test Rs.248.0. Prices should not fall below 238.0 to maintain positive outlook for the day.

www.marketmagnify.com
Ph: 0731-6619100

Commodity and Metal Prices

November Copper prices are expected to have intraday resistance at Rs424.0 and prices can trade lower initially but prices will again take support at Rs.420.0 and bounce can be seen there. Prices should not fall below 418.0 to maintain corrective outlook at lower levels.

Zinc September prices are expected to have support at Rs.138.5-139.0 and again bounce can be seen there. Prices on higher side can face resistance at Rs.141.5. Prices should not fall below 138.0 to maintain corrective view. 

Lead September prices fell sharply yesterday and now prices can show some recovery. Prices are expected to have support at Rs.128.0 and if hold this support then bounce can be seen and prices can test 131.5 on higher side.

News About Gold and Silver Prices

Gold prices can give some upside correction before further selling. Prices are expected to have intraday support at $1248 i.e. Rs.27180 and intraday buying can be seen there. Prices can give temporary upside breakout above $1258 i.e. Rs.27400 and can test $1263 i.e. Rs.27550 but again selling can be seen there.

Silver December prices can also give upside correction. Prices can initially take support at Rs41800 and can move higher towards 42500. Fresh breakout can be seen only above Rs42500 else prices will again come down from this level.

www.marketmagnify.com
Ph: 0731-6619100

Monday, 8 September 2014

Oil and Natural Gas Stock Price

Crude oil prices are still holding in the range while MCX prices are falling majorly due to Rupee appreciation. Prices are expected to have support at $92.5 i.e. Rs.5600 in MCX and any sustained breakdown below this level will take prices further down towards $91.00 i.e. Rs.5500. On higher side prices can face intraday resistance at $94.00 i.e. Rs.5690.

Natural Gas prices are expected to have resistance at Rs.231.5 and selling can be seen there. ON lower side prices can extend its fall below Rs.226.0. Prices should not move above Rs.233.50 to maintain negative outlook for the day.

www.marketmagnify.com
Ph: 0731-6619100

Commodity and Metal Prices

Zinc September prices are expected to have resistance at Rs.145.2-145.5 levels and selling can be seen there. On lower side prices can test Rs.143. Prices should not move above 146.5 to maintain negative outlook.

Lead September prices are expected to have resistance at Rs.133.7-134.0 levels and selling can be seen there. On lower side prices can test Rs.132.0. Prices should not move above 135.0 to maintain negative outlook for the day.

Nickel September prices are expected to have intraday support at Rs.1175.0 and buying can be seen there. Prices on higher side can give fresh breakout above Rs.1190. Prices should not fall below Rs1165 to maintain positive outlook.

www.marketmagnify.com/bullion-services.php
Ph: 0731-6619100


News About Gold and Silver Prices

Gold prices are expected to have resistance at $1272 i.e. Rs.27450-27480 around in MCX and selling can be seen there. Prices on lower side can extend  fall towards $1252 i.e. Rs.27200. Prices should not move above $1280 i.e. Rs.27620 to maintain negative outlook for the day.

Silver December prices are expected to have resistance at Rs.42150-42200 and selling can be seen there. Price on lower side can test Rs.41600 and  again bounce back can be seen there. Prices should not move above  Rs.42450 to maintain negative outlook for the day.

www.marketmagnify.com
Ph: 0731-6619100

Thursday, 4 September 2014

Oil and Natural Gas Stock Price

CRUDE (SEP)
Trend: Consolidate | Strategy: Sell on High
R1- 5830, R2- 5885| S1-5710, S2- 5630

NATURAL GAS (SEP)
Trend: Consolidate| Strategy: Sell on High
R1- 241, R2- 249| S1-228, S2- 221

LEAD (SEP)
Trend: Consolidate | Strategy: Buy on Dips
R1- 136.7 R2- 139.5 | S1-132.4 , S2-129.5

www.marketmagnify.com
Ph: 0731-6619100

Industrial Metals Market Exchange

ZINC(SEP)
Trend: Consolidate | Strategy: Buy on Dips
R1- 146.9  R2- 149.5 | S1-142.2 , S2- 140.3

NICKEL(SEP)
Trend: Consolidate | Strategy: Sell on High
R1- 1172, R2- 1195| S1-1123, S2-1085

ALUMINUM (SEP)
Trend: Consolidate | Strategy: Buy on dips
R1- 127.3, R2- 130.5 | S1-124.3 , S2- 121.5

www.marketmagnify.com
Ph: 0731-6619100

News About Gold & Silver

Gold futures delivery rose as much as 0.3 percent

Silver rose 0.2 percent to $19.2266 an ounce

Crude fell for the second time in three days

Gold advanced for a second day on speculation that prices near the lowest level since June may encourage purchases as investors assessed tensions in Ukraine and the outlook for higher U.S. borrowing costs.

www.marketmagnify.com/bullion-services.php
Ph: 0731-6619100

Tuesday, 2 September 2014

Commodity Market - Last Week Gold Report

Last week gold traded with a positive bias and ended the week on a positive note. It has taken support at a rising trend line drawn from the low it made in late December last year. It is currently trading below the 20-day moving average (DMA; $1,295) and the 40-DMA ($1,296). The daily momentum indicator still has a negative cross-over but it is showing some strength on the back of positive price action seen in gold last week. 

We maintain a bearish stance on gold with a revised stop
loss of $1,296.5, which is the high it touched in the last week, for a target of $1,263 1,259, which is a crucial support area as it coincides with the equality target and the 78.6% retracement level. Below $1,259 gold can see a free-fall to $1,240, which is the previous swing’s low, and $1,223, which is the 161.8% extension target.

MarketMagnify always aim at providing services in accordance with the comfort levels of all traders. if anyone interested then visit on www.marketmagnify.com and get acurate tips.


Oil and Natural Gas Stock Price

CRUDE (SEP)
Trend: Consolidate | Strategy: Buy on dips
R1- 5880, R2- 5955| S1-5740, S2- 5650

NATURAL GAS (SEP)
Trend: Consolidate| Strategy: Buy on dips
R1- 253, R2- 261| S1-241, S2- 233

LEAD (SEP)
Trend: Consolidate | Strategy: Buy on Dips
R1- 137.7 R2- 139.5 | S1-134.4 , S2-132.5

www.marketmagnify.com
Ph: 0731-6619100

Industrial Metals Market Exchange

ZINC(SEP)
Trend: Consolidate | Strategy: Buy on Dips
R1- 143.9  R2- 147.5 | S1-140.2 , S2- 138.3

NICKEL(SEP)
Trend: Consolidate | Strategy: Buy on dips
R1- 1152, R2- 1175| S1-1113, S2-1085

ALUMINUM (SEP)
Trend: Consolidate | Strategy: Buy on dips
R1- 127.8, R2- 130.5 | S1-123.3 , S2- 120.5

www.marketmagnify.com
Ph: 0731-6619100

News About Gold & Silver

Gold was little changed at $1,287.19 an ounce

Silver was 0.1 percent higher at $19.485 an ounce.

Crude for October delivery fell 18 cents

Gold was little changed at $1,287.19 an ounce in London. It reached a one-week high of $1,296.61 on Aug. 28, rebounding from a two-month low of $1,273.14 set Aug. 21. Bullion gained 0.5 percent last week even as the dollar climbed to the highest level in almost seven months against 10 major currencies. Silver was 0.1 percent higher at $19.485 an ounce. WTI for October delivery fell 18 cents to $95.78 a barrel at 1 p.m. on the New York Mercantile Exchange, after dropping as much as 44 cents to $95.52.

www.marketmagnify.com/bullion-services.php
Ph: 0731-6619100

Monday, 1 September 2014

Oil and Natural Gas Stock Price

CRUDE (SEP)
Trend: Consolidate | Strategy: Buy on dips
R1- 5880, R2- 5955| S1-5740, S2- 5650

NATURAL GAS (SEP)
Trend: Consolidate| Strategy: Buy on dips
R1- 253, R2- 261| S1-241, S2- 233

LEAD (SEP)
Trend: Consolidate | Strategy: Buy on Dips
R1- 137.7 R2- 139.5 | S1-134.4 , S2-132.5

www.marketmagnify.com
Ph: 0731-6619100

Industrial Metals Market Exchange

ZINC(SEP)
Trend: Consolidate | Strategy: Buy on Dips
R1- 143.9  R2- 147.5 | S1-140.2 , S2- 138.3

NICKEL(SEP)
Trend: Consolidate | Strategy: Buy on dips
R1- 1152, R2- 1175| S1-1113, S2-1085

ALUMINUM (SEP)
Trend: Consolidate | Strategy: Buy on dips
R1- 127.8, R2- 130.5 | S1-123.3 , S2- 120.5

www.marketmagnify.com
Ph: 0731-6619100

News About Gold & Silver

Gold futures for December delivery fell 0.2 percent

Silver futures for December delivery lost 0.6 percent

Crude Prices rose for a fourth day after touching a seven-month low

Gold futures for December delivery fell 0.2 percent to $1,287.40 an ounce, sliding for a second time in three days. Prices rose 0.4 percent this month as violence in Ukraine boosted haven demand. Silver futures for December delivery lost 0.6 percent to $19.492 an ounce on the Comex. The metal dropped 4.5 percent this month. West Texas Intermediate crude capped the first weekly gain in more than a month on speculation an improving U.S. economy will boost fuel demand. Aluminum posted its longest-ever run of monthly advances as faster U.S. expansion added to signs of rising metals demand amid shrinking inventories.

www.marketmagnify.com/bullion-services.php
Ph: 0731-6619100