Agri Commodity Market Level-12 Feb 2015

AGRI COMMODITY
CS TURMERIC   (APRIL) OVERVIEW:
TREND  MIXED TO BULLISH RESIST 2:8365 RESIST 1:8295             SUP1:8110 SUP2:7990
STRATEGY: BUY ON DIPS
 
CS SOYABEAN (APRIL) OVERVIEW:
TREND  BEARISH RESIST 2:3410 RESIST 1:3390 SUP1:3360 SUP2:3345
STRATEGY: SELL ON RISE

CS CHANA  (APRIL) OVERVIEW:                        
TREND  BULLISH RESIST 2:3695 RESIST 1:3670 SUP1:3610 SUP2:3585
STRATEGY: BUY ON DIPS

CS DHANIYA (APRIL) OVERVIEW:
TREND   BEARISH RESIST 2:7500 RESIST 1: 7400             SUP1:7255 SUP2:7200
STRATEGY: SELL ON RISE

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MCX Silver drops 0.6%,Natural Gas extends gains

 

The MCX Silver March is trading into the negative zone following the NYMEX Silver futures.

The Silver price in India opened today with a loss of Rs 147 (0.4 per cent) at Rs 37,250. Soon, the precious metal has extended its losses and has tumbled around Rs 350 (0.9 per cent) to touch a low at Rs 37,050.

Now, the Indian Silver has dropped 0.6 per cent (Rs 222) to Rs 37,175.

The MCX Natural Gas has extended its gains for the fourth straight day on the back of rise in International Natural Gas prices.

Currently, the MCX Natural has gained 0.7 per cent at Rs 176. The counter has seen trades of around 3,661 contracts on the MCX.

The MCX Crude Oil February future started the day marginally in green at Rs 3,078 from previous close of Rs 3,075 on the back of positive International prices.

Thereafter, the Crude Oil has extended its gains and touched a high of Rs 3,103.

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Commodity Market News-12 Feb 2015

Gold demand fell in 2014 in countries like India and China, two of the largest importers worldwide. However, India regained the top slot from its neighbour in terms of demand for the yellow metal, India’s gold imports, too, despite a sharp rebound in second half of 2014, remained lower than previous year, data from the World Gold Council showed.

MCX SILVER May contract was trading at Rs 37385 down Rs 280, or 0.74 percent. The SILVER rate touched an intraday high of Rs 37500 and an intraday low of Rs 37362.

Crude Oil futures prices rose notably by 0.70% to Rs 3,178 per barrel today as speculators engaged in enlarging positions, tracking a firming trend in Asia.

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AGRI & BULLIONS COMMODITY MARKET LEVELS-11 FEB 2015

AGRI COMMODITY MARKET

CS TURMERIC   (APRIL) OVERVIEW:
TREND  CONSOLIDATE
RESIST 2:8250
RESIST 1:8145            
SUP1:7930
SUP2:7820
STRATEGY: SELL ON RISE

CS SOYABEAN (APRIL) OVERVIEW:
TREND  BEARISH
RESIST 2:3450
RESIST 1:3425
SUP1:3370
SUP2:3350
STRATEGY: SELL ON RISE

CS CHANA  (APRIL) OVERVIEW:                        
TREND  BULLISH
RESIST 2:3640
RESIST 1:3620
SUP1:3590
SUP2:3565
STRATEGY: BUY ON DIPS

CS DHANIYA (APRIL) OVERVIEW:
TREND   BEARISH
RESIST 2:7585
RESIST 1: 7470            
SUP1:7260
SUP2:7160
STRATEGY: SELL ON RISE

BULLIONS COMMODITY MARKET

CS GOLD (APRIL) OVERVIEW:
TREND  MIXED TO BEARISH
RESIST 2: 27060
RESIST 1: 26950
SUP 1: 26700
SUP 2: 26650
STRATEGY: SELL ON RISE

CS SILVER (MARCH) OVERVIEW:
TREND  MIXED TO BEARISH
RESIST 2:38250
RESIST 1:37950
SUP1:37100
SUP2:36850
STRATEGY: SELL ON RISE

CS CRUDE OIL (FEBRUARY) OVERVIEW:                        
TREND  MIXED TO BEARISH
RESIST 2:3260
RESIST 1:3190
SUP1:3090
SUP2:3020
STRATEGY: SELL ON RISE {VOLATILITY CAN BE SEEN}

CS COPPER (FEBRUARY) OVERVIEW:
TREND MIXED TO BEARISH
RESIST 2:358
RESIST 1:353             
SUP1: 349
SUP2:345
STRATEGY: SELL ON RISE

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Commodity Market News-11 Feb 2015

Gold prices eased on Tuesday as a rise in the dollar offset the supportive impact of concerns over Greece's future in the euro zone and fears over escalating violence in Ukraine, which hurt risk appetite.

Silver was down 0.6 percent at $16.91 an ounce. Greece and its euro zone partners engaged in brinkmanship on Monday, with leftist Prime Minister Alexis Tsipras insisting his country would not extend its reform-linked bailout and Germany saying it would get no more money without such a programme.

Crude oil prices fell for the first time in four sessions on Tuesday after the International Energy Agency (IEA) warned that ample supplies will raise global inventories before investment cuts begin to significantly dent production.

Natural gas futures gained over 3 percent on Tuesday on forecasts for more cold weather over the next two weeks.

Copper fell on Tuesday as worries over China's economic growth and the outlook for demand resurfaced, though losses were limited by supply disruptions.

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AGRI & BULLIONS COMMODITY MARKET LEVELS-10 FEB 2015

AGRI COMMODITY MARKET

CS TURMERIC   (APRIL) OVERVIEW:
TREND  CONSOLIDATE
RESIST 2:8160
RESIST 1:8060            
SUP1:7840
SUP2:7715
STRATEGY: SELL ON RISE

CS SOYABEAN (APRIL) OVERVIEW:
TREND  MIXED TO BEARISH
RESIST 2:3465
RESIST 1:3440
SUP1:3400
SUP2:3385
STRATEGY: SELL ON RISE

CS CHANA  (APRIL) OVERVIEW:                        
TREND  MIXED TO BULLISH
RESIST 2:3620
RESIST 1:3600
SUP1:3555
SUP2:3525
STRATEGY: BUY ON DIPS

CS DHANIYA (APRIL) OVERVIEW:
TREND   MIXED TO BEARISH
RESIST 2:7715
RESIST 1: 7570            
SUP1:7330
SUP2:7240
STRATEGY: SELL ON RISE

BULLIONS COMMODITY MARKET

CS GOLD (APRIL) OVERVIEW:
TREND  MIXED TO BEARISH
RESIST 2: 27200
RESIST 1: 27050
SUP 1: 26800
SUP 2: 26550
STRATEGY: SELL ON RISE

CS SILVER (MARCH) OVERVIEW:
TREND  MIXED TO BULLISH
RESIST 2:38450
RESIST 1:38100
SUP1:37200
SUP2:36750
STRATEGY: BUY ON DIPS

CS CRUDE OIL (FEBRUARY) OVERVIEW:                        
TREND  MIXED TO BEARISH
RESIST 2:3380
RESIST 1:3320
SUP1:3190
SUP2:3120
STRATEGY:  SELL ON RISE

CS COPPER (MARCH) OVERVIEW:
TREND:  RANGE BOUND
RESIST 2:359
RESIST 1:357             
SUP1: 351
SUP2:348
STRATEGY:  SELL ON RISE FOR SMALL PROFITS

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Commodity Market News-10 Feb 2015

Silver prices rose by Rs 152 to Rs 37,176 per kg in futures trading today as speculators indulged in creating fresh positions amid a firming trend in precious metals overseas.

Crude Oil price has resulted in aggregate inventory losses of Rs 16,000 crore in the third quarter of the current financial year for oil companies.

Nickel prices moved down by 0.58% to Rs 937.90 per kg in futures trade today as speculators trimmed their positions, taking negative cues from overseas markets.

Copper prices fell by 0.53% to Rs 353.45 per kg in futures trade today as speculators indulged in offloading their positions.

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