Commodity Market News-31 Dec 2014

Silver
Silver prices rose by Rs 169 to Rs 36,653 per kg in futures trading today as speculators indulged in creating fresh positions amid a firming trend in the precious metals overseas.

Copper
Copper smelters raised output 33 per cent in April-November over a year before, to take advantage of higher conversion rates — treatment and refining charges (Tc/Rc) in industry parlance.

Chana
NCDEX Chana Jan. futures traded on positive note (2.69% higher) as Govt is considering a 10% tax on overseas purchases of pulses to support the local farmers. Overall sentiments have turned positive for Chana amid lower sowing this season and expected lower output in 2014-15.

Soybean
Yesterday, NCDEX Soybean Jan futures closed negative (0.90% lower) taking clues from the international markets and on profit booking on higher levles. In the international markets, soybean was also down by 0.38%.

Jeera
Jeera On Monday Jeera Jan. futures closed positive (0.57% higher) on anticipation of lower crop sowing and good demand for the exports. Jeera of Indian origin in the international markets was quoting around $1900-2000/ton.

Turmeric
Turmeric Jan. futures traded lower on a second successive day (1.77% lower) on account of flat domestic demand and good supply in the mandis from the growing belts. Turmeric prices remained flat in benchmark Nizamabad and Erode market.

Get free trading in equity tips, free equity tips, stock tips, stock cash tips, stock futures tips,  commodity tips, nifty tips, nifty futures, mcx tips, ncdex tips,  and share market tips etc.

Commodity Market News-29 Dec 2014

Gold rose the most in 2-1/2 weeks on Friday in thin post-Christmas trading, boosted by short-covering after China's central bank was reported to be considering a loosening of liquidity requirements at the country's banks.

Silver rose 2.7 percent to $16.09 an ounce. The People's Bank of China (PBOC) is weighing changing rules governing how loan-to-deposit ratios are calculated at banks, a move that would boost liquidity conditions, sources with direct knowledge told Reuters.

Crude Oil prices fell Friday, tumbling as the dollar strengthened and as a supply glut in top consumer, the United States, trumped worries about falling production from Libya.

U.S. natural gas futures hit a more than two-year bottom below $3 on Friday, finishing the worst week in 10 months, as disappointing weekly draws of the fuel raised worries about growing supplies of gas in storage.

Get free trading in equity tips, free equity tips, stock tips, stock cash tips, stock futures tips,  commodity tips, nifty tips, nifty futures, mcx tips, ncdex tips,  and share market tips etc.

Commodity Market News-24 Dec 2014

Bullions:

Gold
Gold was little changed on Tuesday, paring earlier gains after strong U.S. growth data lifted the dollar, and was looking vulnerable to more losses as appetite for risk boosted equities.

Silver
Silver added 0.5 percent to $15.70 an ounce after falling 2.6 percent to a three-week low of $15.49 on Monday.

Crude Oil
Oil rose by more than $2 a barrel on Tuesday, rallying for a second time in three days, after data showing the fastest rate of U.S. economic growth in 11 years bolstered expectations for crude demand.

Natural Gas
U.S. natural gas futures ended up nearly 1 percent on Tuesday after falling to a 23-month low on weak holiday demand and seasonal temperature forecasts for the next two weeks.

Base Metals

Copper prices dropped on Tuesday, extending the previous session's fall as the dollar rallied and concerns over weak demand in top consumer China persisted.

Get free trading in equity tips, free equity tips, stock tips, stock cash tips, stock futures tips,  commodity tips, nifty tips, nifty futures, mcx tips, ncdex tips,  and share market tips etc.

AGRI COMMODITY MARKET

BULLIONS COMMODITY MARKET

CS TURMERIC (APRIL) OVERVIEW: TREND BULLISH RESIST 2:8535 RESIST 1:8450 SUP1:8240 SUP2:8120 STRATEGY: BUY ON DIPS CS SOYABEAN (JANUARY) OVERVIEW: TREND MIXED TO BULLISH RESIST 2:3370 RESIST 1:3355 SUP1:3330 SUP2:3320 STRATEGY: BUY ON DIPS CS CHANA (JANUARY) OVERVIEW: TREND MIXED TO BULLISH RESIST 2:3385 RESIST 1:3355 SUP1:3300 SUP2:3265 STRATEGY: BUY ON DIPS CS DHANIYA (JANUARY) OVERVIEW: TREND MIXED TO BULLISH RESIST 2:13025 RESIST 1: 12900 SUP1:12550 SUP2:12350 STRATEGY: BUY ON DIPS

CS COPPER (FEBRUARY) OVERVIEW: TREND MIXED TO BEARISH RESIST 1:410 RESIST 2:412.50 SUP 1:404 SUP 2:402 STRATEGY: SELL ON RISE CS CRUDE (JANUARY) OVERVIEW: TREND MIXED TO BULLISH RESIST 1:3680 RESIST 2:3720 SUP1:3570 SUP2:3480 STRATEGY: BUY ON DIPS FOR SMALL PROFITS. CS GOLD (FEBRUARY) OVERVIEW: TREND BEARISH RESIST 1:26750 RESIST 2:26860 SUP1:26500 SUP2:26375 STRATEGY: SELL ON RISE CS SILVER (MARCH) OVERVIEW: TREND BEARISH RESIST 1:36800 RESIST 2:37050 SUP1:36000 SUP2:35800 STRATEGY: SELL ON RISE

Commodity Market News-23 Dec 2014

Bullions:

Gold dropped nearly 2 percent and silver slid 3 percent on Monday, triggering automatic sell orders in thin pre-holiday dealings as oil prices eased back toward $55 per barrel.

Silver was down 2.5 percent at $15.63 an ounce, after falling more than 3 percent to a session low at $15.49

Crude Oil prices resumed their downward march on Monday, doubling back on the biggest one-day gain in over two years, after Saudi Arabia's powerful oil minister said OPEC would not cut production at any price.

U.S. natural gas futures dropped more than 9 percent to end at a 22- month low on Monday on expectations for moderate temperatures and weak holiday demand over the next two weeks.

Base Metals:

Copper dipped on Monday after oil prices retreated and as worries over growth in top consumer China persisted, though a trimming back of surplus forecasts for next year limited losses

Get free trading in equity tips, free equity tips, stock tips, stock cash tips, stock futures tips,  commodity tips, nifty tips, nifty futures, mcx tips, ncdex tips,  and share market tips etc.

CapitalStars Research Expert view on Commodity Market for the week (22-12-2014 to 27-12-2014)

PRECIOUS METALS:-

IN THIS WEEK WE HAVE SEEN RANGE BOUND MOVEMENT IN BOTH THE PRECIOUS METALS i.e. GOLD & SILVER. SILVER HAS SHOWN MORE BEARISHNES THAN GOLD AS IT HAS IMPACTED FROM BASE METAL AS WELL.

IN THE COMING WEEK, PRECIOUS METALS WILL TRADE MIXED TO LOWER AS PRESSURE OF RISE OF INTEREST RATE IN U.S. IS SURE TO HAPPEN. ALSO STRONG DOLLAR & WEAK OIL PRICES WILL FURTHER ACT AS NEGATIVE FACTOR.

GOLD FEB CAN MOVE DOWNWARD TO THE LEVELS OF 26200 & THEN 25800 BREAKING SUPPORTS OF 26500 & 26000. REISTANCES ARE AT 27360 & 27700 LEVELS.

COMEX MARKET SUPPORTS ARE AT 1165 OUNCE & 1176 OUNCE & RESISTANCE ARE AT 1219 OUNCE & 1240 OUNCE.

SILVER MARCH CONTRACT IS ALSO IN BEARISH PAHSE & EXPECTED TO COME DOWN TO 35100 TO 34500 BREAKING SUPPORTS OF 36100 & 34900 LEVELS.

RESISTANCES ARE AT 37800 TO 38050 & 39350 LEVELS.

COMEX MARKET SUPPORTS ARE AT 15.40 CENT & 14.70 CENT & RESISTANCE ARE AT 16.85 CENT & 17.65 CENT.

BASE METAL SEGMENT:-

IN THIS WEEK WE HAVE SEEN RANGE BOUND MOVEMENT IN COPPER FEB CONTRACT. IT HAS MADE HIGH OF 414.90 & LOW OF 401.25 LEVELS.

IN THE COMING WEEK TOO, WE WILL GOING TO SEE SOME UPWARD MOVEMENT TO THE LEVELS OF 415-418 LEVELS WILL GET RESISTANCE OF 421-424 LEVELS & THEN COME DOWN TO 407-404 & 398-396 LEVELS BREAKING SUPPORTS OF 405 & 400 LEVELS

COMEX MARKET SUPPORTS ARE AT 2.84  CUBIC & 2.78 MT & RESISTANCE ARE AT 2.97 MT & 3.01 MT.

ENERGY SEGMENT:-

CRUDE OIL JAN CONTRACT DROPED NEARLY 50% OVER THE PAST 6 MONTHS ON WORRIES ABOUT FAST GROWING U.S.SHAIL OIL SUPPLIES & ACCELERATED AFTER OPEC’s DECISION OF  NOT TO CUT OUTPUT IN NOV 2014. THIS IS FURTHER INDICATING AN OVER-SUPPLIED MARKET & BLEAK DEMAND.

IN COMING WEEK, WE CAN SEE SOME  RECOVERY IN THE OIL & IT CAN MOVE UPWARD TO 3750 TO 3850-3880 LEVELS BREAKING RESIATANCE OF 3690-3710 LEVELS & WILL FACE MAJOR RESISTANCE AT 3900-3935 LEVELS & THEN CAN COME DOWN TO 3500 TO 3430 LEVELS BREAKING SUPPORTS 3570 & 3500 LEVELS.

IN NYMEX MARKET, CRUDE OIL HAVING SUPPORTS AT 54.71 BARREL & 51.44 BARREL. REISTANCES AT 60.13 & 62.28 BARREL.

MARKET HAS WITNESSED VOLATILE MOVEMENTS IN NATURAL GAS DEC CONTRACT. IN THE COMING WEEK, WE WILL WITNESS A VOLATILE SESSION DUE TO EXPIRY OF NATURAL GAS DEC CONTRACT. NATURAL GAS DEC CAN COME DOWN TO 215 – 212 & 208 LEVELS ON BREACHING SUPPORTS OF 218 & 211 LEVELS. AT 208 LEVELS, NATURAL GAS IS EXPECTED TO GET STRONG SUPPORT & UPWARD MOVEMENT TO 225 & 239 TO 251 LEVELS CAN BE SEEN TECHNICALLY. FUNDAMENTALLY, MORE THAN 48 STATES OF U.S. IS EXPERENCING MILD TO WARMER TEMPERATURE & IT WILL EXPECTED TO BE CONTINUE IN COMING WEEK TOO. Moderate winter temperatures in the past week or so are expected to give way to colder temperatures beginning next week.

IN NYMEX MARKET, NATURAL GAS HAVING SUPPORTS AT 3.19 & 3.00 MMBTU. RESISTANCES ARE AT 3.74 & 4.11 MMBTU.

Commodity Market News-19 Dec 2014

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.

Get free trading in equity tips, free equity tips, stock tips, stock cash tips, stock futures tips,  commodity tips, nifty tips, nifty futures, mcx tips, ncdex tips,  and share market tips etc.

AGRI COMMODITY MARKET

BULLIONS COMMODITY MARKET

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

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

Commodity Market News-18 Dec 2014

BULLIONS

Feb. Gold prices have resistance between 27160-27200 zones. Failure to trade above 27200 consistently will be a sign of weakness for the remainder of the session and prices can correct to 26900.

Mar. Silver prices have crucial resistance at 37250. No upside will be seen until prices trade below this level. Failure at higher levels will see supply in the counter and prices can test 36650.

BASE MATELS

Copper prices have crucial support at 404 and prices will trade weak if they sustain below this level. Counter rally towards 409 once they trade above 406.50. A close below 404 will be bearish as prices can test 402.50/401.

Zinc prices have crucial support at 134. Sustenance below 134 will see the counter facing heavy selling pressure and prices can test 132 on the downside. Resistance for the counter is seen between 135.80-136 levels. If prices hold on to 134 then can form a range between 134-136 levels.

Lead prices are in a strong downtrend and prices can test its major support around 114.50 levels during the coming sessions. Counter shouldn’t correct beyond 114 in this corrective leg. Pullbacks to 118.50 will face resistance.

Nickel prices will trade negative till prices trade below 990 today. Prices can correct towards 970/965 zones on the downside. Intraday pullbacks to around 985 and weakness should be sold into by traders. Sell on rise.

Crude palm oil prices rose by 0.42% to Rs 426.50 per 10 kg in futures trading today as speculators indulged in creating fresh positions, supported by rising demand in the spot market amid a firming trend overseas.

Get free trading in equity tips, free equity tips, stock tips, stock cash tips, stock futures tips,  commodity tips, nifty tips, nifty futures, mcx tips, ncdex tips,  and share market tips etc.