Bullion:
Gold
Spot gold prices rose by 0.8 percent to $1197.7 on Thursday after the Federal Reserve said it would take a patient approach toward raising interest rates, boosting stock markets and commodities, though it pared early gains as the dollar strengthened against a basket of currencies.
Silver
Spot silver prices rose by 1 percent to $15.9 in yesterday’s trading session in tandem with rise in gold prices. However, strength in the dollar index coupled with weak base metals pack capped the rally.
Energy:
Crude Oil
Crude oil prices declined on both sides of the Atlantic with WTI and Brent falling by 4.2 and 3.1 percent to close at $54.1 and 59.3/bbl respectively. The fall was as due as traders placed fresh bets that the market would resume a six-month rout on worries about a supply glut.
Natural Gas
U.S. natural gas futures turned negative and ended down 0.46 percent on Thursday after weather forecasts changed from colder-than-normal to warmer-than-normal over the course of the day. Prices declined despite a government report that utilities pulled more gas from storage last week than expected.
Base metals
Base metals on the LME traded on a negative note yesterday as the outlook in top metals consumer China remained gloomy following house price data. In addition, mixed economic data from the US dragged prices lower.
Copper
LME Copper prices declined by 0.9 percent on Wednesday as China's new home prices fell again in November as the market continued to defy government efforts to revive it.
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AGRI COMMODITY MARKET
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BULLIONS COMMODITY MARKET
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CS TURMERIC (APRIL) OVERVIEW:
TREND BULLISH
RESIST 2:8170
RESIST 1:8120
SUP1:8000
SUP2:7950
STRATEGY: BUY ON DIPS
CS SOYABEAN (JANUARY) OVERVIEW:
TREND BULLISH
RESIST 2:3330
RESIST 1:3310
SUP1:3275
SUP2:3250
STRATEGY: BUY ON DIPS
CS CHANA (JANUARY) OVERVIEW:
TREND BULLISH
RESIST 2:3360
RESIST 1:3305
SUP1:3220
SUP2:3135
STRATEGY: BUY ON DIPS
CS DHANIYA (JANUARY) OVERVIEW:
TREND BEARISH
RESIST 2:13100
RESIST 1: 13000
SUP1:12820
SUP2:12745
STRATEGY: SELL ON RISE
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CS COPPER (FEBRUARY) OVERVIEW:
TREND MIXED
RESIST 1:407
RESIST 2:411.50
SUP 1:400
SUP 2:396
STRATEGY: BUY FOR SMALL PROFITS
CS CRUDE (JANUARY) OVERVIEW:
TREND BEARISH
RESIST 1:3560
RESIST 2:3650
SUP1:3430
SUP2:3380
STRATEGY: SELL ON RISE
CS GOLD (FEBRUARY) OVERVIEW:
TREND: MIXED TO BEARISH
RESIST 1:27160
RESIST 2:27350
SUP1:26550
SUP2:26400
STRATEGY: SELL ON RISE
CS SILVER (MARCH) OVERVIEW:
TREND MIXED TO BEARISH
RESIST 1:37250
RESIST 2:37750
SUP1:36300
SUP2:35950
STRATEGY: SELL ON RISE
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