Commodity Market News-14 Nov 2014

MCX SILVER:- March contract was trading at Rs 35182 down Rs 236, or 0.67 percent. The SILVER rate touched an intraday high of Rs 35227 and an intraday low of Rs 35148. So far 91 contracts have been traded. SILVER prices have moved down Rs 10795, or 23.48 percent in the March series so far.

MCX GOLDPETAL:- December contract was trading at Rs 2583 down Rs 6, or 0.23 percent. The GOLDPETAL rate touched an intraday high of Rs 2590 and an intraday low of Rs 2582. So far 108 contracts have been traded. GOLDPETAL prices have moved down Rs 293, or 10.19 percent in the December series so far.

MCX Copper derailed:- The prices ended at Rs 407 per kg, from Rs 411 per kg. The metal is likely to slip below Rs 405 per kg on the intraday session today after closing below Rs 410 per kg yesterday. Copper prices declined by 0.97% in the trading session ending 13 November 2014. The prices tested a high of Rs 415.2 and a low of Rs 406.25 per kg.

MCX Crude Oil:- The prices tested a high of Rs 4756 per barrel and a low of Rs 4627 per barrel. This commodity has seen constant bearish phase in last one month. The prices settled at Rs 4641 per barrel, down 2.48%. The prices moved below critical and psychological resistance zone of Rs 4650 per barrel.

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Commodity Market News-13 Nov 2014

MCX SILVER March contract was trading at Rs 35450 up Rs 66, or 0.19 percent. The SILVER rate touched an intraday high of Rs 35550 and an intraday low of Rs 35430. So far 59 contracts have been traded. SILVER prices have moved down Rs 10527, or 22.90 percent in the March series so far.

MCX GOLD February contract was trading at Rs 25998 up Rs 28, or 0.11 percent. The GOLD rate touched an intraday high of Rs 26071 and an intraday low of Rs 25998. So far 33 contracts have been traded. GOLD prices have moved down Rs 2241, or 7.94 percent in the February series so far.

Natural gas futures edged lower on Wednesday after investors locked in gains stemming from the arrival of winter weather in the U.S. and sold the commodity for profits.

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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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DAILY COMMODITY MARKET NEWS-07 NOV 2014

Gold:- prices plunged by Rs 450 to trade at over three-year low of Rs 25,900 per 10 grams in the national capital on Wednesday as the dollar's strength dampened demand for the precious metal.

Silver:-  followed suit and recorded a steep fall of Rs 900 to Rs 35,050 per kg on poor offtake by industrial units and coin makers.

Bullion:-  traders said a weakening trend in global markets, as the dollar's strength eroded demand, mainly put pressure on the precious metal .

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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