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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AGRI & BULLIONS COMMODITY MARKET LEVELS-28 JAN 2015

AGRI COMMODITY

CS TURMERIC   (APRIL) OVERVIEW:
TREND    MIXED TO BEARISH
RESIST 2:8500
RESIST 1:8290            
SUP1:7790
SUP2:7500
STRATEGY: SELL ON RISE

CS SOYABEAN (FEBRUARY) OVERVIEW:
TREND  MIXED TO BEARISH
RESIST 2:3440
RESIST 1:3400
SUP1:3300
SUP2:3255
STRATEGY: SELL ON RISE

CS CHANA  (FEBRUARY) OVERVIEW:                        
TREND  MIXED TO BEARISH
RESIST 2:3385
RESIST 1:3345
SUP1:3260
SUP2:3215
STRATEGY: SELL ON RISE

CS DHANIYA (APRIL) OVERVIEW:
TREND   BEARISH
RESIST 2:8090
RESIST 1: 7910             
SUP1:7650
SUP2:7560
STRATEGY: SELL ON RISE

BULLIONS COMMODITY

CS COPPER (FEBRUARY) OVERVIEW:
TREND  BEARISH
RESIST 1: 343
RESIST 2: 346
SUP 1: 332
SUP 2: 328
STRATEGY: SELL ON RISE

CS CRUDE (FEBRUARY) OVERVIEW:
TREND  MIXED TO BEARISH
RESIST 1:2860
RESIST 2:2910
SUP1:2790
SUP2:2740
STRATEGY: SELL ON RISE

CS GOLD (FEBRUARY) OVERVIEW:                        
TREND  MIXED TO BULLISH
RESIST 1:28000
RESIST 2:28200
SUP1:27750
SUP2:27600
STRATEGY: BUY ON DIPS

CS SILVER (MARCH) OVERVIEW:
TREND  MIXED TO  BULLISH
RESIST 1:39750
RESIST 2:40150            
SUP1: 39050
SUP2:38760
STRATEGY: BUY ON DIPS

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Commodity Market News-28 Jan 2015

Gold: rose 1 percent on Tuesday after two sessions of losses, as the dollar and shares eased ahead of a U.S. Federal Reserve policy meeting that may push back expectations for when U.S. interest rates will start to rise.

Silver: was up 0.9 percent at $18.03 an ounce. U.S. business investment spending fell for a fourth straight month in December, a sign that slowing global growth may be weighing on the economy, but consumers remained upbeat and new home sales in December hit their highest level since June 2008.

Crude Oil: jumped as much as 3 percent on Tuesday as a weak dollar propped up commodities, but crude prices came off their highs in post-settlement trading on signs of another big U.S. supply build last week.

Natural Gas: U.S. natural gas futures ended up 3.5 percent on Tuesday on forecasts for more cold weather over the next two weeks while a blizzard continues to batter parts of the U.S. Northeast.

Copper: slid on Tuesday back towards the prior session's 5-1/2 year low on concerns over slowing growth and weak demand in top consumer China as well as rising metal inventories.

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AGRI & BULLIONS COMMODITY MARKET LEVELS:

AGRI COMMODITY MARKET

CS TURMERIC   (APRIL) OVERVIEW:
TREND    BEARISH
RESIST 2:8585
RESIST 1:8400            
SUP1:8130
SUP2:8040
STRATEGY: SELL ON RISE

CS SOYABEAN (FEBRUARY) OVERVIEW:
TREND  MIXED TO BEARISH
RESIST 2:3370
RESIST 1:3350
SUP1:3320
SUP2:3305
STRATEGY: SELL ON RISE

CS CHANA  (FEBRUARY) OVERVIEW:                        
TREND  BEARISH
RESIST 2:3345
RESIST 1:3315
SUP1:3260
SUP2:3230
STRATEGY: SELL ON RISE

CS DHANIYA (APRIL) OVERVIEW:
TREND   MIXED TO BULLISH
RESIST 2:8320
RESIST 1: 8190             
SUP1:7920
SUP2:7780
STRATEGY: BUY ON DIPS

BULLIONS COMMODITY MARKET

CS COPPER (FEBRUARY) OVERVIEW:
TREND  BEARISH
RESIST 1: 347
RESIST 2: 353
SUP 1: 338
SUP 2: 334.50
STRATEGY: SELL ON RISE

CS CRUDE (FEBRUARY) OVERVIEW:
TREND  MIXED TO BEARISH
RESIST 1:2860
RESIST 2:2910
SUP1:2730
SUP2:2690
STRATEGY: SELL ON RISE

CS GOLD (FEBRUARY) OVERVIEW:                        
TREND   MIXED TO BEARISH
RESIST 1:27850
RESIST 2:28050
SUP1:27500
SUP2:27300
STRATEGY: SELL ON RISE

CS SILVER (MARCH) OVERVIEW:
TREND   MIXED TO BEARISH
RESIST 1:39750
RESIST 2:40150             
SUP1: 39000
SUP2:38750
STRATEGY:  SELL ON RISE

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Commodity Market News-27 Jan 2015

Gold prices drifted by Rs 100 to Rs 28,400 per ten grams at the bullion market Saturday as demand from jewellers and retailers eased at existing levels amidst a weak global trend.

Silver prices also edged lower by Rs 65 to Rs 40,035 per kg on reduced offtake by industrial units and coin makers.

Oil fell in Asia today after the anti-austerity party Syriza swept to victory in Greece's general elections, dealing a further blow to the struggling euro, analysts said.

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Commodity Market News-23 Jan 2015

MCX SILVERM February contract was trading at Rs 40129 up Rs 39, or 0.10 percent. The SILVERM rate touched an intraday high of Rs 40135 and an intraday low of Rs 40000.

MCX GOLDGUINEA January contract was trading at Rs 22535 up Rs 34, or 0.15 percent. The GOLDGUINEA rate touched an intraday high of Rs 22540 and an intraday low of Rs 22451.

Copper prices fell over one% to Rs 347.25 per kg in futures trade today as speculators engaged in trimming positions amid a weak global trend.

Crude Palm Oil prices shed another 0.82% to Rs 434.80 per 10 kg in futures trading today largely in tandem with a trend at spot market on subdued demand.

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