Commodity Market News-03 Feb 2015

Gold prices on MCX were trading with marginal loss on Tuesday. MCX Gold April contract was trading at Rs 27593 down Rs 73, or 0.26 percent.
Silver prices on MCX were trading lower on Tuesday. MCX Silver May contract was trading at Rs 38458 down Rs 106, or 0.27 percent.

Copper prices edged lower on Monday, after data showed China's manufacturing sector contracted in January, underlining concerns over a slowdown in demand.

Crude Oil futures prices rose notably by 1.22% to Rs 3,165 per barrel today as speculators engaged in enlarging positions, tracking a firming trend in Asia.

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AGRI & BULLIONS COMMODITY MARKET LEVELS:

AGRI COMMODITY MARKET

CS TURMERIC   (APRIL) OVERVIEW:
TREND    BEARISH
RESIST 2:8430
RESIST 1:8230            
SUP1:7900
SUP2:7760
STRATEGY: SELL ON RISE

CS SOYABEAN (FEBRUARY) OVERVIEW:
TREND  MIXED TO BULLISH
RESIST 2:3460
RESIST 1:3430
SUP1:3355
SUP2:3300
STRATEGY: BUY ON DIPS

CS CHANA  (FEBRUARY) OVERVIEW:                        
TREND  BULLISH
RESIST 2:3580
RESIST 1:3540
SUP1:3435
SUP2:3370
STRATEGY: BUY ON DIPS

CS DHANIYA (APRIL) OVERVIEW:
TREND   MIXED TO BULLISH
RESIST 2:7950
RESIST 1: 7890             
SUP1:7740
SUP2:7640
STRATEGY: BUY ON DIPS

BULLIONS COMMODITY MARKET

CS COPPER (FEBRUARY) OVERVIEW:
TREND  MIXED TO BULLISH
RESIST 1: 347
RESIST 2: 350
SUP 1: 341
SUP 2: 338
STRATEGY: BUY ON DIPS

CS CRUDE (FEBRUARY) OVERVIEW:
TREND  MIXED TO BULLISH
RESIST 1:2980
RESIST 2:3035
SUP1:2850
SUP2:2790
STRATEGY: BUY ON DIPS

CS GOLD (APRIL) OVERVIEW:                        
TREND  CONSOLIDATE
RESIST 1:27925
RESIST 2:28150
SUP1:27600
SUP2:27350
STRATEGY: SELL ON RISE

CS SILVER (MARCH) OVERVIEW:
TREND  MIXED TO  BEARISH
RESIST 1:38250
RESIST 2:38750             
SUP1: 37400
SUP2:36850
STRATEGY: SELL ON RISE

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Commodity Market News-02 FEB 2015

Spot Gold was off 0.2 percent at $1,280.77 an ounce by 0036 GMT after rising 2 percent on Friday. It ended January with a gain of 8.4 percent, its largest monthly increase since January 2012.

Silver prices ended the week with a moderate gain of $0.03/oz at $17.28 an oz on Friday.

Zinc futures traded a shade lower at Rs 129.10 per kg today on offloading of positions by speculators amid weak cues from overseas market and subdued spot demand at domestic markets.

Oil prices rocketed more than 8 percent higher on Friday, their biggest one-day gain in two and a half years, after data showed US drillers were slamming the brakes on the shale drilling boom.

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CapitalStars Commodity Market Research View On 2nd Feb To 7th Feb 2015

02ND FEBRUARY  TO 07TH FEBRUARY 2015

A VERY GOOD EVENING TO ALL INVESTORS & CLIENTS...
 I AM HERE TO GIVE THE FORECAST OF COMMODITY MARKET IN THE COMING WEEK i.e. 02ND  FEB TO 07TH FEB 2015.....

PRECIOUS METALS:-
IN THE WEEK WE HAVE SEEN GOOD VOLATILITY IN THE PRECIOUS METALS. BOTH GOLD & SILVER HAS SHOWN VOLATILE MOVEMENT UNDER THE IMPACT OF INTERNATIONAL MARKETS EVENTS. IN THE COMING WEEK, PRECIOUS METALS ARE EXPECTED TO REMAIN VOLATILE.
GOLD APRIL CONTRACT IS WELL SUPPORTED BY THE FUNDAMENTAL REASONS. U.S.DATA CAME MIXED THIS WEEK & U.S. FEDERAL RESERVE SAID THAT INTEREST RATES WILL REMAIN UNCHANGED TILL JUNE 2015. GOLD FEB CONTRACT CAN MOVE UPWARD TO THE LEVELS OF 28200-28250 & THEN 28550 TO 28700 LEVELS BREAKING RESISTANCES OF 28300 & 28600 LEVELS.
SUPPORTS ARE AT 27250-27200 & 26850 LEVELS.
COMEX MARKET SUPPORTS ARE AT 1258 OUNCE & 1232 OUNCE & RESISTANCE ARE AT 1305 OUNCE & 1323 OUNCE.
SILVER MARCH CONTRACT SHOWN BEARISH MOVEMENT AFTER FED ANNOUNCEMENT OF KEEPING INTEREST RATE UNCHANGED TILL JUNE 2015. & MADE FRESH LOW OF 37166 LEVELS. IT IS EXPECTED TO REMAIN BEARISH & CAN FALL FURTHER TO 37200 & 36800 LEVELS BREAKING SUPPORTS OF 37350 & 36850 LEVELS.
RESISTANCES ARE AT 38850-38950 & 39500 LEVELS.
COMEX MARKET SUPPORTS ARE AT 16.53 CENT & 15.82CENT & RESISTANCE ARE AT 18.15 CENT & 19.06 CENT.

BASE METAL SEGMENT:-
IN THIS WEEK WE HAVE SEEN VOLATILE MOVEMENT IN THE BASE METALS SEGMENT, PARTICULARLY COPPER FEB CONTRACT FALL AROUND 0.44%. COPPER FEB CONTRACT HAS MADE LOW OF 332.80 LEVELS.
IN THE COMING WEEK, WE COULD SEE SOME RECOVERY IN COPPER PRICE & IT CAN MOVE UP TO 347 TO 350 LEVELS ON UPSIDE.  COPPER FEB CONTRACT HAVE GOOD SUPPORT AT 336 & 332 LEVELS. RESISTANCES ARE AT 349-351 & 356-358 LEVELS.
COMEX MARKET SUPPORTS ARE AT 2.42 MT & 2.35 MT & RESISTANCE ARE AT 2.56 MT & 2.62 MT.

ENERGY SEGMENT:-
CRUDE OIL FEB CONTRACT TRADED ON LOWEST LEVEL IN ALMOST 6 YRS WITH U.S. DoE INVENTORY NO. CONTINUING TO DISAPPOINT. CRUDE STOCKPILES EXPANDED TO MOST IN MORE THAN 3 DECADES. AMONGST THE CUES FROM OTHER SIDE OF THE WORLD, SAUDI ARABIA THE WORLD’S LARGEST PRODUCER IS SEEN CONTINUING ITS OUTPUT HIGH. OPEC ALSO COLNTINUE TO RESIST CALLLS FOR CUTTING OUTPUT.
IN COMING WEEK, WE COULD SEE RANGE BOUND MOVEMENT IN THE OIL PRICE.  OVERALL, CRUDE OIL IS EXPECTED TO REMAIN BEARISH TILL IT IS TRADING BELOW 3100 LEVELS & SELL ON RISE IS SUGGESTED ON UPWARD MOVEMENT. CRUDE OIL FEB CONTRACT HAVING RESIATANCES AT 2900 & 2970 SUPPORTS ARE AT 2760 & 2670 LEVELS.
IN NYMEX MARKET, CRUDE OIL HAVING SUPPORTS AT 44.73 BARREL & 41.78 BARREL. RESISTANCES ARE AT 49.48 & 51.28 BARREL.

MARKET HAS WITNESSED CRUCIAL DOWNWARD MOVEMENTS IN NATURAL GAS THIS WEEK.  IN THE COMING WEEK TOO, NATURAL GAS FEB  CONTRACT IS EXPECTED TO REMIN IN BEARISH PHASE &  CAN COME DOWN TO 160-158 & 153 LEVELS ON BREACHING SUPPORTS OF 162 & 156 LEVELS TECHNICALLY. FUNDAMENTALLY, MORE THAN 48 STATES OF U.S. IS EXPERENCING MILD TO WARMER TEMPERATURE & PLENTYFULL SUPPLIES IN DECEMBER & IT WILL EXPECTED TO BE CONTINUE IN COMING WEEK TOO.
IN NYMEX MARKET, NATURAL GAS HAVING SUPPORTS AT 2.48 & 2.34 MMBTU. RESISTANCES ARE AT 2.88 & 3.14 MMBTU.

AGRI & BULLIONS COMMODITY MARKET LEVELS - 30 JAN 2015

AGRI COMMODITY

CS TURMERIC   (APRIL) OVERVIEW:
TREND    MIXED TO BULLISH
RESIST 2:8430
RESIST 1:8370            
SUP1:8190
SUP2:8070
STRATEGY: BUY ON DIPS

CS SOYABEAN (FEBRUARY) OVERVIEW:
TREND  MIXED TO BEARISH
RESIST 2:3405
RESIST 1:3370
SUP1:3310
SUP2:3285
STRATEGY: SELL ON RISE

CS CHANA  (FEBRUARY) OVERVIEW:                        
TREND  MIXED TO BULLISH
RESIST 2:3470
RESIST 1:3440
SUP1:3365
SUP2:3320
STRATEGY: BUY ON DIPS

CS DHANIYA (APRIL) OVERVIEW:
TREND   MIXED TO BEARISH
RESIST 2:7960
RESIST 1:7885             
SUP1:7700
SUP2:7600
STRATEGY: SELL ON RISE

BULLIONS COMMODITY

CS COPPER (FEBRUARY) OVERVIEW:
TREND  BEARISH
RESIST 1: 339
RESIST 2: 343
SUP 1: 332
SUP 2: 329
STRATEGY: SELL ON RISE

CS CRUDE (FEBRUARY) OVERVIEW:
TREND  BEARISH
RESIST 1:2810
RESIST 2:2860
SUP1:2720
SUP2:2680
STRATEGY: SELL ON RISE

CS GOLD (FEBRUARY) OVERVIEW:                        
TREND  MIXED TO BEARISH
RESIST 1:27600
RESIST 2:27750
SUP1:27350
SUP2:27200
STRATEGY: SELL ON RISE

CS SILVER (MARCH) OVERVIEW:
TREND  MIXED TO  BEARISH
RESIST 1:37700
RESIST 2:38000             
SUP1: 37100
SUP2:36850
STRATEGY: SELL ON RISE

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Commodity Market News-30 Jan 2015

Gold lost its sheen with prices falling by Rs 120 to Rs 28,300 per ten grams at the bullion market today owing to slackened demand at prevailing levels amid weak global cues.

Silver also dropped by Rs 420 to Rs 39,100 per kg on reduced offtake by industrial units and coin makers.

Crude Oil ended lower and continued the journey towards unchartered territory . The prices  settled at Rs 2754 per barrel against 2772 per barrel a day before. Crude Oil tested a high of Rs 2798 and a low of Rs 2720 per barrel.

Copper prices declined by 0.70% to Rs 334.90 per kg in futures trading today as speculators offloaded positions.

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AGRI & BULLIONS COMMODITY MARKET LEVELS-29 JAN 2015

AGRI COMMODITY MARKET

CS TURMERIC   (APRIL) OVERVIEW:
TREND    MIXED TO BEARISH
RESIST 2:8415
RESIST 1:8280            
SUP1:8015
SUP2:7890
STRATEGY: SELL ON RISE

CS SOYABEAN (FEBRUARY) OVERVIEW:
TREND  MIXED TO BEARISH
RESIST 2:3400
RESIST 1:3370
SUP1:3310
SUP2:3280
STRATEGY: SELL ON RISE

CS CHANA  (FEBRUARY) OVERVIEW:                        
TREND  MIXED TO BULLISH
RESIST 2:3405
RESIST 1:3375
SUP1:3300
SUP2:3255
STRATEGY: BUY ON DIPS

CS DHANIYA (APRIL) OVERVIEW:
TREND   MIXED TO BEARISH
RESIST 2:8000
RESIST 1: 7870             
SUP1:7575
SUP2:7400
STRATEGY: SELL ON RISE

BULLIONS COMMODITY MARKET

CS COPPER (FEBRUARY) OVERVIEW:
TREND  BEARISH
RESIST 1: 340
RESIST 2: 343
SUP 1: 332
SUP 2: 328
STRATEGY: SELL ON RISE

CS CRUDE (FEBRUARY) OVERVIEW:
TREND  MIXED TO BEARISH
RESIST 1:2835
RESIST 2:2870
SUP1:2720
SUP2:2680
STRATEGY: SELL ON RISE

CS GOLD (FEBRUARY) OVERVIEW:                        
TREND  MIXED TO BEARISH
RESIST 1:27850
RESIST 2:28050
SUP1:27650
SUP2:27500
STRATEGY: SELL ON RISE

CS SILVER (MARCH) OVERVIEW:
TREND  MIXED TO  BEARISH
RESIST 1:39500
RESIST 2:39850             
SUP1: 38800
SUP2:38500
STRATEGY: SELL ON RISE

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