Commodity Market News-24 Nov 2014

BULLION

Gold prices gained marginally after sliding over the last two sessions at the domestic bullion market today due to renewed offtake by jewellery stockists and traders to meet seasonal demand.

Silver also recovered sharply to reclaim Rs 37,000 per kg-mark on heavy speculative demand coupled with firm industrial support.

ENERGY

Crude Oil and Brent Oil January futures are marginally up at $ 76.62 and $ 80.55, respectively.

Natural Gas January contract has slumped 4.5 per cent to $ 4.219.

BASE METAL

Copper March delivery is trading with a gain of 0.3 per cent at $ 30.37

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Commodity Market News-18 Nov 2014

The prices of Copper recovered but were still unable to cross Rs 416 per kg in last session. The prices recovered and ended at Rs 415.2 per kg. Though the expectations of the prices to breach Rs 410 per kg on the closing basis are yet to be ascertained and whether this is sustainable or not. Volume increased on Tuesday which indicates that the prices of Copper are in for some choppy sessions. On the lower side, Copper is expected to remain tugged at Rs 408 per kg.

Gold moved higher and ended the day at Rs 26466 per 10 grams, 1.51%. Gold was also the most active contract in the commodities space. The previous closing price for Gold is Rs 26245 per 10 grams. The volumes for Gold were 16718. Further gains in Gold cannot be ruled out as the prices are now experiencing bottom fishing rally. Further gains in Gold can take the prices near to Rs 26700 per 10 grams. Supports for the contract is at Rs 26200 per 10 grams.

Crude oil drifted lower on profit selling after strong gains in the last session. Mixedto weak movement in global equities pulled the commodity lower. Prices had dropped lastweek amid tepid economic data from China and Europe. A sharp surge had pushed up the WTICrude above $76 per barrel but the sentiments turned around today and the counter quotesat $75.03 per barrel, down 79 cents per barrel on the day. MCX Crude oil futures aretrading at Rs 4639 per barrel, down Rs 23 per barrel on the day. The counter fell to lowsnear Rs 4600 per barrel earlier in the session.

Profit booking was seen in chana futures due to limited buying by traders at higher levels coupled with strong arrivals in local mandies. The NCDEX futures declined by 1.45 percent today.

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Daily Commodity Market News-12 Nov 2014

The MCX December Gold contracts slipped back into the negative zone on Monday, the fall in precious yellow metal was on account of profit-taking.Yesterday, the Gold futures tested a low of Rs 25,600, before settling with a loss of almost a per cent at Rs 25,733.The MCX Gold contract so far has touched a low of Rs 25,533, and high of Rs 25,653. The contract is now quoted at Rs 25,544 - down Rs 189.

The MCX Crude Oil November futures in yesterday's trade had tumbled sharply from the day's high of Rs 4,920 and ended with a notable loss of more than 1.5 per cent (Rs 78) to Rs 4,783, following the NYMEX Crude Oil price - which also dropped over 1.5 per cent on Tuesday.As per the daily charts, the MCX Crude Oil futures are currently trading slightly above the lower-end of the Bollinger Band (Rs 4,733).

Gold and Silver December futures have dropped 0.5 per cent each at $ 1,154.10 and $ 15.593.Platinum January 2015 future has added 0.4 per cent at $ 1,202.75.

Commodity Market News-11 Nov 2014

Gold:- Gold prices fell by Rs 55 to Rs 26,395 per ten gram in the national capital on Monday owing to slackened demand from jewellers and retailers at existing higher levels, amid a weak global trend.

Silver:- Silver ready also eased by Rs 50 to Rs 35,500 per kg, while weekly-based delivery strengthened by Rs 230 to Rs 35,025 per kg on speculative buying.

Energy:- On Tuesday afternoon, BHP announced it will export a 650kb cargo of processed condensate without approval from the BIS. This is a significant new development in the crude export saga.

Precious Metals:- Gold slipped nearly 1% early on Monday after a short covering rally in the previous session, fuelled by a softer-than-expected US jobs report, showing that the metal was still not out of the woods.

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Gold clung to small overnight gains on Wednesday

Gold clung to small overnight gains on Wednesday, but struggled to push away from a four-year low due to the strong dollar and outflows from the top gold exchange-traded fund. FUNDAMENTALS * Spot gold was firm at $1,167.39 an ounce by 0042 GMT, after snapping a four-day decline on Tuesday with a 0.3-percent rise. The metal on Friday fell to its lowest since 2010 at $1,161.25.

SILVER March contract was trading at Rs 35714 down Rs 486, or 1.34 percent. The SILVER rate touched an intraday high of Rs 36000 and an intraday low of Rs 35700. So far 184 contracts have been traded. SILVER prices have moved down Rs 10263, or 22.32 percent in the March series so far.

Jeera futures ended up after the recent decline in prices. The concerns over a decline in the acreage is likely to restrict the fall in prices. As well, export orders are likely to divert to India due to supply crunch from the two major exporting countries, Syria and Turkey.

Turmeric futures are likely to trade higher due to concern over production. As per market source,total production of turmeric in the current year is expected to be 35-37 lakh bags (1 bag=75 kg) against 52 lakh bags last year.

DAILY COMMODITY MARKET STRATEGY-03 NOV 2014

BASE METAL WRAP: Nickel fell for the first time in five days after data showed continued manufacturing weakness in China, damping the outlook for demand in the world’s largest metals consumer.

ENERGY WRAP: West Texas Intermediate fell for a third day, the longest losing streak in more than two weeks, as an official gauge from China showed factory output slowed in the world’s second-largest oil consumer. Brent slid in London.

PRECIOUS METAL WRAP: Gold traded within 40 cents of a four-year low after the Bank of Japan boosted stimulus and the Federal Reserve ended asset purchases, highlighting divergent central-bank policies and hurting bullion demand as the dollar climbed. Silver retreated to the lowest level since 2010.

GLOBAL EVENTS TO WATCH: Building Approvals m/m, Non-Manufacturing PMI, HSBC Final Manufacturing PMI, Manufacturing PMI, Final Manufacturing PMI, ISM Manufacturing PMI, Construction Spending m/m, ISM Manufacturing Prices, Total Vehicle Sales, BOC Gov Poloz Speaks.

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AGRI COMMODITY	BULLION COMMODITY
CS CHANA (NOVEMBER) OVERVIEW: TREND BULLISH SUP1:3090 SUP2:3020 RESIST1:3200 RESIST2:3247 TRADING STRATEGY: BUY ON DIPS WWW.CAPITALSTARS.COM +917316790000	CS COPPER (NOVEMBER) OVERVIEW: TREND CONSOLIDATE SUP1:413 SUP2:409 RESIST1:418 RESIST2:424 TRADING STRATEGY: SELL ON RISE WWW.CAPITALSTARS.COM +917316790000
CS JEERA (NOVEMBER) OVERVIEW: TREND CONSOLIDATE SUP1:11200 SUP2:10970 RESIST1:11340 RESIST2:11550 TRADING STRATEGY: SELL ON RISE WWW.CAPITALSTARS.COM +917316790000	CS CRUDE (OCTOBER) OVERVIEW: TREND CONSOLIDATE SUP1:4900 SUP2:4850 RESIST1:5050 RESIST2:5118 TRADING STRATEGY: BUY ON DIPS WWW.CAPITALSTARS.COM +917316790000
CS TURMERIC (NOVEMBER) OVERVIEW: TREND BEARISH SUP1:6170 SUP2:6064 RESIST1:6290 RESIST2:6540 TRADING STRATEGY: SELL ON RISE WWW.CAPITALSTARS.COM +917316790000	CS GOLD (DECEMBER) OVERVIEW: TREND BEARISH SUP1:25750 SUP2:25300 RESIST1:26270 RESIST2:26610 TRADING STRATEGY: SELL ON RISE WWW.CAPITALSTARS.COM +917316790000
CS SOYABEAN (NOVEMBER) OVERVIEW: TREND CONSOLIDATE SUP1:3235 SUP2:3154 RESIST1:3335 RESIST2:3400 TRADING STRATEGY: SELL ON RISE WWW.CAPITALSTARS.COM +917316790000	CS SILVER (DECEMBER) OVERVIEW: TREND BEARISH SUP1:35000 SUP2:34100 RESIST1:35630 RESIST2:36430 TRADING STRATEGY: SELL ON RISE WWW.CAPITALSTARS.COM +917316790000

DAILY COMMODITY MARKET STRATEGY-31 OCT 2014

BASE METAL WRAP: Copper is poised for the first monthly advance since July before an official gauge of Chinese manufacturing growth and on speculation that planned strikes at mines in Indonesia and Peru may disrupt supplies.

ENERGY WRAP: West Texas Intermediate and Brent headed for the biggest monthly decline in more than two years amid signs that OPEC boosted output to a 14-month high even as crude slumped into a bear market.

PRECIOUS METAL WRAP: Gold headed for the first consecutive monthly loss in 2014 after erasing gains for the year as the Federal Reserve ended its asset-purchase program amid signs of an improving U.S. economy. Silver dropped to the lowest since February 2010.

GLOBAL EVENTS TO WATCH: PPI q/q, Monetary Policy Statement, BOJ Press Conference, CPI Flash Estimate y/y, GDP m/m, Core PCE Price Index m/m, Employment Cost Index q/q, Personal Spending m/m, Personal Income m/m, Chicago PMI, Revised UoM Consumer Sentiment, Revised UoM Inflation Expectations.

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BULLION COMMODITY	AGRI COMMODITY
CS COPPER (NOVEMBER) OVERVIEW: TREND CONSOLIDATE SUP1:415 SUP2:411 RESIST1:424 RESIST2:430 TRADING STRATEGY: SELL ON RISE WWW.CAPITALSTARS.COM +917316790000	CS CHANA (NOVEMBER) OVERVIEW: TREND BULLISH SUP1:3090 SUP2:3020 RESIST1:3200 RESIST2:3247 TRADING STRATEGY: BUY ON DIPS WWW.CAPITALSTARS.COM +917316790000
CS CRUDE (OCTOBER) OVERVIEW: TREND CONSOLIDATE SUP1:4900 SUP2:4850 RESIST1:5050 RESIST2:5118 TRADING STRATEGY: BUY ON DIPS WWW.CAPITALSTARS.COM +917316790000	CS JEERA (NOVEMBER) OVERVIEW: TREND CONSOLIDATE SUP1:11285 SUP2:11215 RESIST1:11550 RESIST2:11720 TRADING STRATEGY: SELL ON RISE WWW.CAPITALSTARS.COM +917316790000
CS GOLD (DECEMBER) OVERVIEW: TREND BEARISH SUP1:26300 SUP2:25490 RESIST1:26680 RESIST2:27090 TRADING STRATEGY: SELL ON RISE WWW.CAPITALSTARS.COM +917316790000	CS TURMERIC (NOVEMBER) OVERVIEW: TREND BEARISH SUP1:6064 SUP2:5950 RESIST1:6330 RESIST2:6540 TRADING STRATEGY: SELL ON RISE WWW.CAPITALSTARS.COM +917316790000
CS SILVER (DECEMBER) OVERVIEW: TREND BEARISH SUP1:35580 SUP2:34100 RESIST1:36700 RESIST2:37700 TRADING STRATEGY: SELL ON RISE WWW.CAPITALSTARS.COM +917316790000	CS SOYABEAN (NOVEMBER) OVERVIEW: TREND BULLISH SUP1:3240 SUP2:3154 RESIST1:3335 RESIST2:3400 TRADING STRATEGY: SELL ON RISE WWW.CAPITALSTARS.COM +917316790000

DAILY COMMODITY MARKET STRATEGY-30 OCTOBER 2014

BASE METAL WRAP: Investors are pulling out of industrial-metals funds at the fastest pace in 15 months, signaling increased concern that a faltering global economy will slow demand for everything from cars to appliances.

ENERGY WRAP: West Texas Intermediate retreated from a one-week high after government data showed crude stockpiles rose as output surged to a record high in the U.S., the world’s biggest oil consumer. Brent slid in London.

PRECIOUS METAL WRAP: Gold traded near a three-week low as the dollar strengthened after the Federal Reserve ended its asset-purchase program. Holdings in the largest exchange-traded product extended declines to the lowest in six years.

GLOBAL EVENTS TO WATCH: Official Cash Rate, RBNZ Rate Statement, BOC Gov Poloz Speaks, German Prelim CPI m/m, Advance GDP q/q, Unemployment Claims, Advance GDP Price Index q/q, Fed Chair Yellen Speaks, Natural Gas Storage.

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BULLION COMMODITY	AGRI COMMODITY
CS COPPER (NOVEMBER) OVERVIEW: TREND CONSOLIDATE SUP1:415 SUP2:411 RESIST1:424 RESIST2:430 TRADING STRATEGY: SELL ON RISE WWW.CAPITALSTARS.COM +917316790000	CS CHANA (NOVEMBER) OVERVIEW: TREND BULLISH SUP1:2970 SUP2:2895 RESIST1:3080 RESIST2:3142 TRADING STRATEGY: BUY ON DIPS WWW.CAPITALSTARS.COM +917316790000
CS CRUDE (OCTOBER) OVERVIEW: TREND CONSOLIDATE SUP1:5028 SUP2:4950 RESIST1:5118 RESIST2:5202 TRADING STRATEGY: BUY ON DIPS WWW.CAPITALSTARS.COM +917316790000	CS JEERA (NOVEMBER) OVERVIEW: TREND CONSOLIDATE SUP1:11215 SUP2:11040 RESIST1:11550 RESIST2:11720 TRADING STRATEGY: SELL ON RISE WWW.CAPITALSTARS.COM +917316790000
CS GOLD (DECEMBER) OVERVIEW: TREND BEARISH SUP1:26700 SUP2:26300 RESIST1:27090 RESIST2:27270 TRADING STRATEGY: SELL ON RISE WWW.CAPITALSTARS.COM +917316790000	CS TURMERIC (NOVEMBER) OVERVIEW: TREND CONSOLIDATE SUP1:6064 SUP2:5950 RESIST1:6280 RESIST2:6330 TRADING STRATEGY: SELL ON RISE WWW.CAPITALSTARS.COM +917316790000
CS SILVER (DECEMBER) OVERVIEW: TREND BEARISH SUP1:37000 SUP2:35580 RESIST1:37950 RESIST2:38500 TRADING STRATEGY: SELL ON RISE WWW.CAPITALSTARS.COM +917316790000	CS SOYABEAN (NOVEMBER) OVERVIEW: TREND BULLISH SUP1:3187 SUP2:3154 RESIST1:3335 RESIST2:3400 TRADING STRATEGY: BUY ON DIPS WWW.CAPITALSTARS.COM +917316790000

DAILY COMMODITY MARKET STRATEGY-29 OCTOBER 2014

BASE METAL WRAP: Nickel advanced for a second day, heading for the biggest two-day advance in five months, on speculation that lower prices will boost consumer buying and reduce production of a lower-grade alternative.

ENERGY WRAP: West Texas Intermediate crude rose for a second day as supply and economic data prompted speculation that fuel demand will increase in the U.S., the world’s biggest oil consumer. Brent gained in London.

PRECIOUS METAL WRAP: Gold held above a two-week low as investors assessed the health of the U.S. economy before the Federal Reserve concludes a policy meeting. Russia joined Turkey in adding bullion to reserves as assets in the largest exchange-traded product sank to the lowest in six years.

GLOBAL EVENTS TO WATCH: Crude Oil Inventories, FOMC Statement, Federal Funds Rate.

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AGRI COMMODITY	BULLION COMMODITY
CS CHANA (NOVEMBER) OVERVIEW: TREND BULLISH SUP1:2970 SUP2:2895 RESIST1:2916 RESIST2:3080 TRADING STRATEGY: BUY ON DIPS WWW.CAPITALSTARS.COM +917316790000	CS COPPER (NOVEMBER) OVERVIEW: TREND CONSOLIDATE SUP1:415 SUP2:411 RESIST1:424 RESIST2:430 TRADING STRATEGY: SELL ON RISE WWW.CAPITALSTARS.COM +917316790000
CS JEERA (NOVEMBER) OVERVIEW: TREND CONSOLIDATE SUP1:11215 SUP2:11040 RESIST1:11550 RESIST2:11720 TRADING STRATEGY: SELL ON RISE WWW.CAPITALSTARS.COM +917316790000	CS CRUDE (OCTOBER) OVERVIEW: TREND CONSOLIDATE SUP1:4950 SUP2:4900 RESIST1:5118 RESIST2:5202 TRADING STRATEGY: BUY ON DIPS WWW.CAPITALSTARS.COM +917316790000
CS TURMERIC (NOVEMBER) OVERVIEW: TREND BEARISH SUP1:5950 SUP2:5850 RESIST1:6160 RESIST2:6280 TRADING STRATEGY: SELL ON RISE WWW.CAPITALSTARS.COM +917316790000	CS GOLD (DECEMBER) OVERVIEW: TREND CONSOLIDATE SUP1:27090 SUP2:26840 RESIST1:27270 RESIST2:27640 TRADING STRATEGY: SELL ON RISE WWW.CAPITALSTARS.COM +917316790000
CS SOYABEAN (NOVEMBER) OVERVIEW: TREND CONSOLIDATE SUP1:3154 SUP2:3090 RESIST1:3265 RESIST2:3335 TRADING STRATEGY: BUY ON DIPS WWW.CAPITALSTARS.COM +917316790000	CS SILVER (DECEMBER) OVERVIEW: TREND CONSOLIDATE SUP1:37800 SUP2:37000 RESIST1:38470 RESIST2:39200 TRADING STRATEGY: SELL ON RISE WWW.CAPITALSTARS.COM +917316790000

DAILY COMMODITY MARKET STRATEGY-28 OCTOBER 2014

Gold Prices:- fell by Rs 350 to Rs 27,450 per ten gram in the national capital on Monday, following a long weekend and ending of festive season with demand drying up amidst a weak global trend.

Silver Prices:- also eased by Rs 35 to Rs 38,200 per kg on reduced offtake by industrial units and coin makers.

Base Metal Wrap:- London Metal Exchange copper prices moved higher during Asian morning trading on Tuesday October 28, on rumours that China's State Reserve Board (SRB) has resumed copper purchases.

Energy Wrap:- Natural gas futures dropped in New York for the third time in four days on speculation that mild weather will limit heating demand as production gains.

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DAILY COMMODITY MARKET STRATEGY-16 OCTOBER 2014

BASE METAL WRAP: Lead fell to the lowest price since May 2013 as signs of slowing economic growth from China to the U.S. point to weakening demand for industrial metals.

ENERGY WRAP: West Texas Intermediate extended its drop from the lowest price in more than two years amid speculation rising U.S. supplies are exacerbating a global glut that’s driven prices into a bear market. Brent fell in London.

PRECIOUS METAL WRAP: Gold traded near a five-week high as U.S. economic data that missed estimates added to signs a global slowdown may hurt the U.S. recovery, boosting demand for a haven as the dollar and equities dropped.

GLOBAL EVENTS TO WATCH: Foreign Direct Investment ytd/y, New Loans, M2 Money Supply y/y, FOMC Member Plosser Speaks, Manufacturing Sales m/m, Unemployment Claims, Industrial Production m/m, Capacity Utilization Rate, Philly Fed Manufacturing Index, FOMC Member Kocherlakota Speaks, NAHB Housing Market Index, Natural Gas Storage, Crude Oil Inventories.

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BULLIONS COMMODITY	AGRI COMMODITY
CS COPPER (NOVEMBER) OVERVIEW: TREND CONSOLIDATE SUP1:409 SUP2:407 RESIST1:419 RESIST2:422 TRADING STRATEGY: SELL ON RISE WWW.CAPITALSTARS.COM +917316790000	CS CHANA (NOVEMBER) OVERVIEW: TREND CONSOLIDATE SUP1:2870 SUP2:2840 RESIST1:2945 RESIST2:2970 TRADING STRATEGY: BUY ON DIPS WWW.CAPITALSTARS.COM +917316790000
CS CRUDE (OCTOBER) OVERVIEW: TREND BEARISH SUP1:4950 SUP2:4875 RESIST1:5100 RESIST2:5240 TRADING STRATEGY: SELL ON RISE WWW.CAPITALSTARS.COM +917316790000	CS JEERA (NOVEMBER) OVERVIEW: TREND CONSOLIDATE SUP1:10590 SUP2:10520 RESIST1:11110 RESIST2:11150 TRADING STRATEGY: BUY ON DIPS WWW.CAPITALSTARS.COM +917316790000
CS GOLD (DECEMBER) OVERVIEW: TREND CONSOLIDATE SUP1:27200 SUP2:26840 RESIST1:27620 RESIST2:27810 TRADING STRATEGY: BUY ON DIPS WWW.CAPITALSTARS.COM +917316790000	CS TURMERIC (NOVEMBER) OVERVIEW: TREND CONSOLIDATE SUP1:6100 SUP2:6040 RESIST1:6320 RESIST2:6500 TRADING STRATEGY: BUY ON DIPS WWW.CAPITALSTARS.COM +917316790000
CS SILVER (DECEMBER) OVERVIEW: TREND CONSOLIDATE SUP1:38300 SUP2:38050 RESIST1:39200 RESIST2:39630 TRADING STRATEGY: SELL ON RISE WWW.CAPITALSTARS.COM +917316790000	CS SOYABEAN (NOVEMBER) OVERVIEW: TREND CONSOLIDATE SUP1:2925 SUP2:2800 RESIST1:3004 RESIST2:3045 TRADING STRATEGY: SELL ON RISE WWW.CAPITALSTARS.COM +917316790000