Monday, 30 November 2015

Today's Gold and Silver Commodity Market Updates

Gold could trade range bound to weak. Firm US Dollar could limit upside. Support remains at 1060.0. Resistance remains at 1080.0. MCX Gold could remain range bound to weak, tracking weak overseas prices. However, prices are trading in a small range of 25300-25500. Either side breakout could give us further cues. On the other hand, a weaker Rupee could limit downside.


Gold spot rate in India was quoted at Rs. 25,730/10 Grams for 24 carat purity, unchanged, while Silver spot rate was quoted at Rs. 34,345/Kg, up by 335, from previous close.

Silver could trade range bound to weak. Supports are at 14.07. Resistance is at 14.40. MCX Silver could trade range bound to weak. On the other hand, a weaker Rupee could limit downside. Key support is at 34335. Key resistance is at 34863.

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Commodity Market News for Base Metals

Copper prices could remain range bound. Support now is at 4630 and 4520. Resistance remains at 4750. MCX Copper prices could range bound. A weak Rupee could also support prices. Support remains at 312.10. A break and close below could see prices again test 300 levels. Resistance remains at 320.00 and 325.00.

Nickel prices took a breather after Thursday’s rally. Prices could remain range bound. Support now is at 8750. Resistance is at 9100. MCX Nickel prices could range bound. A weak Rupee could also support prices. Support is at 591.45. Resistance remains at 620.95.

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Friday, 27 November 2015

Commodity Market updates on Gold and Silver

Gold. It suggests that prices are likely to give breakout on the upside. A break above 25320 will set upside target of 25490 levels. On flipside, immediate support is located at 25220 levels. Hence, intraday bias is on the upside.


Silver. It suggests that prices are likely to sustain above 34000 levels. Momentum indicator RSI is suppoting price action. On upside, potential targets are 34460-34630 levels. On downside, immediate support is located at 33600 levels.

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Commodity Market Energy News

Crude Oil. It suggest that price are making lower highs and lows. It is expected to gain further on the upside till 2950 levels. On downside, immediate support is located at 2790 levels. Bias is on the upside.

Natural gas. It suggest that prices are making lower highs and lows. It has immediate resistance at 157 levels. In today's session it is expected to fall till 146 levels. Bias is likely to remain on downside.

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Daily News on Base Metals in Commodity Market

Copper. It suggest that after strong downtrend prices are expected to recover back on the upside. It has potential to to gain atleast till 315.50 levels. On downside, immediate support is located at 302 levels.

Nickel suggests that prices have recoverd its early month losses. In today's session, any correction upto 600 would be buying opportunity for traders. It is expected to move upside till 622 levels. On downside, immediate support is located at 587 levels.

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Thursday, 26 November 2015

Commodity Market updates on Gold and Silver

Gold could trade range bound. Support remains at 1060.0. Resistance is at 1077.2. Investors will look at cues from US GDP data due today and durable goods orders due tomorrow. MCX Gold could remain range bound. Support is at 25000. Resistance is at 25500.

Silver could trade range bound. Supports are at 13.97 and 13.87. Resistance is at 14.26. MCX Silver could trade range bound. Key support is at 33415. Key resistance is at 34168.

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Commodity Market Energy News

Crude Oil Prices are capped under crucial resistance of 2860 levels. Any failure to move above this level will drag prices down again till 2700 levels. Hence, prices are likely to remain on negative mode as long as they are capped under 2860 levels.

Natural gas suggest that prices are making lower highs and lows. It has immediate resistance at 148.50 levels. In today's session it is expected to fall till 139.30 levels. Bias is likely to remain on downside.

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Daily News on Base Metals in Commodity Market

Copper prices could continue to trade lower. However, LME prices are oversold and could witness some short covering. Key support now is at 4430 and 4350. Key resistance is at 4540 and 4615. MCX Copper prices could trade weak, tracking weak overseas prices. Support is at 293.45. Resistance is at 300.00. However, MCX prices are oversold and could witness some short covering.

Nickel prices could continue to trade lower. However, LME prices are oversold and could witness some short covering. Support now is at 8127. Resistance is at 8510. MCX Nickel prices trade weak, tracking weak overseas prices. Support is at 540.00. Resistance is at 570.10. However, MCX prices are oversold and could witness some short covering.

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Tuesday, 24 November 2015

Commodity Market updates on Gold and Silver

MCX Gold Oct daily chart. It suggests that prices are making lower highs and lows on short to medium term. It is expected to remain capped under crucial resistance of 25500 levels. It has potential to decline further till 24970 and 24660 levels. Thus, bias is on the downside.

MCX Silver daily chart. It suggests that prices are capped under crucial resistance of 34500 levels. In the near term, prices are expected fall till lower Bollinger band of 32300 levels. On upside, immediate resistance is located at 34500 levels. Hence, bias is on the downside.

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Commodity Market Energy News

MCX Crude oil. It suggest that prices are making lower highs and lows. It is trading in short to medium term downtrend channel. It is expected to break lower trendline support and move towards 2550 levels. On upside, immediate resistance is located at 2965 levels.

MCX Natural gas. In the last week, prices failed to cross crucial resistance of 162 levels and reversed on the downside till 145 levels. In the near term it is expected to continue downside move till 122 levels. On upside, 162 is expected to act as crucial resistance level.

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Daily News on Base Metals in Commodity Market

MCX Copper . It suggests that prices are trading at multi year lower levels. In the near term, prices are expected to fall further till 280 levels. Momentum indicator RSI Is expected to remain under pressure. On upside, immediate resistance is located at 308 levels. Hence, trend remain bearish for this week.

Nickel Prices are making lower highs and lows on medium to short term. It is expected to fall further till 530 levels. Bearish momentum on RSI is likely to persist over near term. On upside, immediate resistance is located at 600 levels.

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Monday, 23 November 2015

Commodity Market updates on Gold and Silver

Gold could trade range bound to firm as the dollar remains weak. Support is at 1077.9 and 1068.8. Resistance is at 1090.0 and 1100.0. MCX Gold could remain range bound to firm, tracking firm overseas prices. However, the Rupee has appreciated today and could limit gains. Support is at 25200. Resistance is at 25455.


Silver could trade range bound to firm as the dollar remains weak. Key support is at 14.16 and 14.11. Key intraday resistance is at 14.40 and 14.53. MCX Silver could trade range bound to firm, tracking firm overseas prices. Prices still remain oversold and could witness short covering. However, the Rupee has appreciated and could limit gains. Key support is at 33525. Key resistance is at 34445. 

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Daily News on Base Metals in Commodity Market

Copper prices could continue to trade lower. However, LME prices are oversold and could witness some short covering. Key support now is at 4590. A close below today could pull prices to 4400. Key resistance is at 4691. MCX Copper prices trade weak, tracking weak overseas prices. Support remains at 300.00. A close below today could pull prices to 280. Resistance is at 308.95 and 312.00. However, MCX prices are oversold and could witness some short covering.

Nickel prices could continue to trade lower. However, LME prices are oversold and could witness some short covering. Key support now is at 8650. Key resistance is at 9150. MCX Nickel prices trade weak, tracking weak overseas prices. Support is at 571.30. A close below today could pull prices to 550 levels. Resistance is at 607.95. However, MCX prices are oversold and could witness some short covering.

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Friday, 20 November 2015

Today Commodity Market News on Gold and Silver

Gold. It suggests that prices are making lower highs and lows.However, today's gap up opening suggests some recovery into prices. It is expected to move till 25400 in today's session. On downside, immediate support is located at 25100 levels.


Silver. Prices are expected to recover back on the upside. Today's early session strength suggests some upside rally can be seen till 34300,if it manages to cross 33875 levels. On downside, support is located at 33400 levels.

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Mcx & Commodity Market Energy News

Crude Oil. Prices are trading in sideways channel. It has immediate resistance at 2760 levels. Prices are expected to fall back again till 2650 levels. Bias is on the downside.

Natural gas. It suggest that prices are trading in channel format. It has potential to move above 160 levels. On downside, support is located at 151.50 levels. Bias is on the upside.

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Today News on Base Metals in Commodity

Copper. It suggest that prices are likely to remain in the downtrend as it is not crossing crucial resistance levels. It has potential to fall till 293 levels. On upside resistance is located at 311 levels.

Nickel suggests that prices are forming diagonal triangle. It is expected to give breakout on the upside. On downside, prices have immediate support at 590 levels. Bias could turn on the upside.

Zinc which suggest that prices are making lower highs and lows. However, momentum indicator is not loosing its strength. If prices manages to cross 99.50 then it is expected to jump till 101.90 levels. On downside, immediate support is located at 97.85 levels. 

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Thursday, 19 November 2015

Today Commodity Market News on Gold and Silver

Gold. It suggests that prices are making lower highs and lows. Whereas, RSI failed to make new low. This positive divergence could push prices towards 25200 levels. On downside, prices are expected to hold support of 24960 levels.


Silver. Prices are expected to remain steady at lower levels. If it manages to trade above 33875 level then it will retest 34300 levels. On downside, prices have immediate support at 33475 levels.

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Mcx & Commodity Market Energy News

Crude Oil. Prices are trading in sideways channel. It has immediate resistance at 2800 levels. Prices are expected to fall back again till 2630 levels. Bias is on the downside.

Natural gas. It suggest that prices are trading in channel format. It has potential to move above 162 levels. Any pullback till 156 would be buying opportunity for traders. On downside, support is located at 151.50 levels.

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Today News on Base Metals in Commodity

Copper. It suggest that prices are likely to recover till 311 in today's session. On downside, it has immediate support at 302 levels. Bias is on the upside.

Nickel suggests that prices are making lower highs and lows. However, It is expected to recover back till 618 levels. On downside, it has immediate support at 598 levels. Bias is likely to turn on the upside.

Lead suggests that prices are making lower highs and lows. There is further downside risk for prices up to 102.90 levels. On upside, immediate resistance is located at 106.10 levels.

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Wednesday, 18 November 2015

Daily Tips & Advice on Commodity Market (Gold and Silver)

Gold was little changed on Tuesday and could remain range bound as lingering caution in the aftermath of the Paris attacks offset the downward impact of a firmer U.S. dollar and weaker demand in major gold buyers. However, prices are oversold and could witness short covering. Key intraday support is at 1072.8. Resistance is at 1090.7. MCX Gold could remain range bound to weak, tracking weak overseas prices. Key intraday support is at 25180. Key intraday resistance is at 25500.

Silver could continue range bound to weak. Key intraday support is at 14.13. Key intraday resistance is at 14.40. MCX Silver could trade range bound to weak, tracking weak overseas prices. However, prices are oversold and could witness short covering. Key intraday support is at 33470. Key intraday resistance is at 33990.

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Friday, 13 November 2015

Daily Commodity Market News Provider

Gold suggests that prices are making lower highs and lows. It is expected to fall down till 25350 levels. On upside, immediate resistance is located at 25920 levels.

Silver suggests that prices are trading in strong bearish mode. It has breached lower trend line support levels and moving towards another support of 34100 levels. On upside, immediate resistance is located at 34870 levels.

Crude Oil Prices are making lower highs and lows. It is expected to fall down till 2885
levels. On upside, immediate resistance is located at 2970 levels. Bias is on the downside.

Natural gas suggest that prices trading in parallel trend channel format. It is expected to gain upside till 158.20 levels. Positive divergence on RSI along with positive crossover supports prices are lower levels. Hence, bias is on the upside.

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Tuesday, 10 November 2015

Commodity Market Gold and Silver News Provider

MCX Gold Oct daily chart. Prices have posted straight third week of losses with more than 3.5 percent in the last week. It has immediate support at 25460 levels. If it manage to break that level then it will fall down further till 25030 levels. On upside, immediate resistance is located at 25925 levels. Bias is on downside.


MCX Silver daily chart. It has posted more than 4 percent losses in the last week. It has ended the week at crucial trend line support levels. In the near term, if it manages to break 34800 level then it will further decline till 34425 and 34000 levels. However, holding of 34800 will lead to recovery up to 36000 levels. Hence, 34800 level would act as trend decider.

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Energy News on Mcx & Commodity Market

MCX Natural gas. Prices are making lower highs and lows. In the last week, after positive inventory data prices had gained more than 5 percent in a single day. However, it is expected to remain capped below 162 levels. Hence, it is expected to fall back till 147 levels.

Oil prices are trading higher by 0.6 percent at $44.55 per barrel, while MCX oil prices are trading higher by 0.64 percent trading at Rs.2969 per barrel.

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Base Metals Daily News & predictions

Lead suggest that prices have taken support at 78.6 percent retracement levels and potential to rebound on the upside. Hence, in this week it is expected to rise towards 113.30 and 115.20 levels. On downside, 108.10 will act as crucial support levels.

Zinc Pries are trying to rebound on the upside after taking support in 78.6 and 88.6 retracement zone. Positive crossover on RSI suggest that prices can rise back up to 113.30-115.20 level. On downside, recent low of 108 will act as crucial support levels.

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Monday, 9 November 2015

Commodity Market Gold and Silver News Provider

Gold:
Gold prices are trading in a narrow range between 25732—25922 levels. The counter needs to show momentum above 26000 levels to rally towards 26175 levels. Failure to sustain above 26000 levels will see prices eventually break below 25700 and move lower towards major support at 25500 levels.

Silver:
Silver prices can witness a sharp bounce towards resistance at 35770 levels. Failure to sustain above this resistance will drag prices lower towards 35070/34900 levels. Traders can look to buy on reversal between 35070—34900 levels.

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Base Metals Daily News & predictions

Lead:
Lead prices are now approaching multiple support zones between 108/107.80/107.50 zones. Failure to break below 107.50 decisively will lead to a sharp pullback in the counter towards 109.30/109.90 levels. Reversals from lower levels can be used by traders to go long in the counter.

Nickel:
Nickel will rally once the counter breaks out above 652 levels decisively. Failure to do so will see prices slip towards major support between 640—635 zones. Buying can be seen as prices approach 640—635 zones on the downside. A daily close above 652 will open upside targets of 660/662.50 levels in the counter.

Aluminium:
Aluminium prices are currently trading between resistance between 99.45—100 levels. Failure to sustain between these zones will see prices slip lower as the session progresses. A break below 98.50 will see prices slip towards 97.50—97 zones. Any major fall though is likely only on a break below 97.

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Friday, 6 November 2015

Daily Commodity Gold and Silver News Provider

Gold could remain under pressure. Firm Dollar, comments from Yellen and upbeat data could drive prices lower. Investors will await jobless claims data today and payrolls data tomorrow for further cues. Key intraday support is at 1100.0. A close below could pull prices to 1075 levels. Resistance is at 1116.5. MCX Gold could also remain range bound to weak, tracking weak overseas prices. Key intraday support is at 25695. A close below could pull prices to 24990 levels. Key intraday resistance is at 25990.

Silver ratio rose Wednesday. The ratio still remains in a small range and either side breakouts could give us further cues. 

Silver could continue range bound to weak. Key intraday support is at 14.95. A close below could pull prices to 14.70. Key intraday resistance is at 15.30. MCX Silver could trade range bound to weak, tracking weak overseas prices. Key intraday support is at 35150. A close below could pull prices to 34450. Key intraday resistance is at 35655 and 36000.

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Base Metals Daily News Providers

Copper could remain range bound. Intraday resistance is at 5183. Intraday support is at 5120. MCX Copper has remained in a trading range over the last 2 sessions and could continue to do so between the support of 335.0 and resistance 340.0. Either side breakout could give us further cues.

Nickel could trade range bound. Resistance is at 9970. Intraday support is at 9830. A break and close below could pull prices to 9700 levels. MCX Nickel could remain range bound and is currently consolidating near an important support level of 650.00. A close below this level today could pull prices to 630 levels. On the other hand, if prices remain above this level then, 665.00 could be revisited. 

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Thursday, 5 November 2015

Daily Commodity Gold and Silver News Provider

Gold could remain range under pressure from weak technicals and outflows from exchange-traded funds (ETFs). Firm US Dollar could also support downside. Key intraday support is at 1112.0. A close below could pull prices to 1097 levels. Resistance is at 1130.0. MCX Gold could also remain range bound to weak, tracking weak overseas prices. Key intraday support is at 26000. A close below could pull prices to 25750. Key intraday resistance is at 26250.

The Gold – Silver ratio declined Tuesday. The ratio is trading in a small range and either side breakouts could give us further cues. 

Silver could continue range bound to weak. Key intraday support is at 15.20. A close below could pull prices to 15.00. Key intraday resistance is at 15.44. MCX Silver could trade range bound to weak, tracking weak overseas prices. Key intraday support is at 35815. A close below could pull prices to 35200. Key intraday resistance is at 36360. 

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Base Metals Daily News Providers

Copper could remain range bound to firm supported by upbeat data. Prices could also be supported by short covering. Intraday resistance is at 5200. Intraday support is at 5110. MCX Copper could remain range bound to firm, tracking firm overseas prices. Intraday support is at 338.20. Intraday resistance is at 342.75.

Nickel could trade range bound to firm. Resistance is at 10158. Intraday support is at 9895. MCX Nickel could remain range bound to firm, tracking firm overseas prices. Support is at 660.00. A close above the level could push the prices to an important resistance at 675. However a close below the important support could pull prices back to 650.00.

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Wednesday, 4 November 2015

Base Metals Daily News Providers

We expect copper prices to slide lower towards its immediate support around 334 levels. A break below 334 will see prices slip towards next major support at 330. Intraday pullback rally will face resistance between 338.50—340 levels. Major resistance is seen at 342 levels. Weakness after intraday rallies can be sold into by day traders.

The outlook for zinc will remain negative until prices stay below 113 levels. A break below 110 will see prices correct further towards 109.30/108.50 levels. Intraday resistance is seen between 111.10— 111.40 levels. A daily close above 113 is required for a reversal.

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Mcx Cure Oil and Natural Gas Updates

Crude Oil prices need to break above 3090 to rally into next resistance zones between 3130—3159 levels. Weakness between these zones can be sold into by traders. A break below 3000 levels will trigger a corrective move towards 2950 levels in Crude. Until then 3000 to 3090 will be the range for the counter.

Nov. Natural Gas prices have resistance between 153—153.50 zones. Selling can be seen as prices enter these zones. Momentum above 153.50 will push prices higher towards major resistance at 156 levels. A break below 147 will see prices slip towards recent swing lows at 144 levels.

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Daily Commodity Gold and Silver News Provider

Gold can test its support between 26200—26150 zones. Failure to breakdown below 26150 will see prices consolidate between 26200— 26150 and rebound towards 26350—26400 levels. The outlook though will remain negative until prices stay below 26600 levels on a closing basis. The counter will remain weak until then.

Silver prices are trading down with a cut of 0.45% currently. The counter can correct further towards its support between 35750— 35700 levels. A strong intraday bounce is likely from between these zones. Intraday bounce will face resistance around 36400--36450 levels.

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Tuesday, 3 November 2015

Commodity Gold and Silver Daily News Provider

Intraday view for Gold will remain negative until prices stay below 26650 levels. Weakness below 26450 will push prices lower towards 26375/26320 levels, wherein the next support is seen for Gold. The counter needs to show momentum above 26650 to rally towards resistance at 26740—26800 zones.

We expect silver price to weaken further and test support between 36000-35800 zones. A sharp intraday bounce can be seen once prices enter these support zones. Pullback rallies will face resistance between 36600—36850 zones. The outlook for the counter will remain negative until prices stay below 37000 levels.

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Monday, 2 November 2015

Daily Commodity Market News Provider

MCX gold prices is trading lower by 0.2 percent at Rs.26571 per 10 gms. Prices held near its lowest in three weeks on Friday and looked set to post its worst week in nearly two months on expectations that the Federal Reserve would raise U.S. interest rates this year. Bullion is down 1.3 percent for the week, the sharpest decline since the week ended Sept. 11.

LME Copper prices declined by 0.2 percent as data showed weaker U.S. economic growth, adding to concerns of weak demand following slowdown in China. MCX copper prices declined by 0.4 percent to close at Rs.342.25/kg.

MCX Oil prices are trading lower by 0.46 percent trading at Rs.3014 per barrel. Slow growth in the US economy has reinforced concerns about sluggish demand in a world awash with oil.

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