COMMODITY OUTLOOK FOR TODAY 28/02/2014

Trading Call for the day: "Buy Silver in the range 46450-46500 with Stop Loss 46200 Target 47000."

Precious metal

On yesterday’s trading session Gold settled up 0.16% at 30089 rose overnight in the U.S. on stronger than expected weekly jobless claims and cautious statements from Federal Reserve Chair Janet Yellen. Silver settled down -0.29% at 46505 retreat from more than four month high as better than expected U.S. housing data supported bets that the Fed will continue to scale back its monetary stimulus. The two commodities are expected to trade with positive bias for the day. Support for Gold is at 30000 & resistance at 30270. Support for Silver is at 47150 & resistance at 48000.

Base metal

On yesterday’s trading session most of the base metals closed positive except Copper closed negative due to the expiry of February month contracts is near and short covering is seen in base metals.  Base metals are expected to trade with positive bias for the day.

Crude oil

MCX Crude Oil settled down -0.77% at 6348 after data on weekly U.S. jobless claims missed expectations, while forecasts for a warming trend over much of the country pushed prices lower as well. Crude Oil after strong pullback till the level of 6419 fell sharply and by considering the wave which is in formation might be 3^rd or C wave which is sharp and the commodity is expected to fall further and that too sharply. Intraday support for Crude Oil is at 6320 and resistance at 6390 level.

Natural gas

MCX Natural Gas settled down -0.35% at 283.20 trimmed losses recovered from the day’s low despite data showing that U.S. natural gas supplies fell less-than-expected last week. The commodity is expected to trade within the range for the day. Support for Natural Gas is at 275 and resistance at 285.

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COMMODITY OUTLOOK FOR TODAY

"Trading Call for the day: Sell Crude Oil in the range 6330-6335 with Stop Loss 6360 Target 6280."

"Yesterday our trading call of Natural Gas achieved our target of 322. Sell was given in the range of 330-330.50."

PRECIOUS METAL

On yesterday’s trading session Gold settled up 0.4% at 30240 advanced to a four-month high on speculation weaker than expected U.S. economic data and unrest in Ukraine increased safe haven demand. Silver settled down -0.35% at 47817 as market players awaited the release of key U.S. economic data later in the day for further indications on the strength of the economy and the future course of monetary policy. The two commodities are expected to trade within the range for the day. Support for Gold is at 30000 & resistance at 30270. Support for Silver is at 47150 & resistance at 48000.

BASE METAL

On yesterday’s trading session most of the base metals closed negative except Zinc closed positive on concern about the impact of slower growth in China and its volatile property sector on metal inventories.  Base metals traded with negative bias the whole trading session and are not showing any signs of recovery so any bounce can be used as a selling opportunity. The base metals are expected to trade within the range for the day.

CRUDE OIL

MCX Crude Oil settled down -1.5% at 6304, ahead of the official weekly oil report from the US Energy Information Administration which is forecast to show increased inventories and on concerns of lower demand from China amid fears of economic growth slowdown. Crude Oil is having support at 6220 & 6150 levels near which the correction might follow. Crude Oil is expected to trade with negative bias for the day can be sold near resistances. Support for Crude Oil is at 6270 and resistance at 6350 level.

NATURAL GAS

MCX Natural Gas settled down -2.1% at 289.60 fell sharply on Tuesday, extending heavy losses from the previous session as forecasts for milder U.S. weather weighed ahead of the expiration of the front-month contract. The commodity is expected to remain under pressure for some trading sessions and might consolidate in the wide range of 275-300. Support for Natural Gas is at 285 and resistance at 295.

COMMODITY OUTLOOK FOR TODAY 25/02/2014

Trading Call for the day: Sell Natural Gas in the range 330-330.5 with Stop Loss 335 Target 322. 

Precious metal

On yesterday’s trading session precious metals closed positive where Gold settled up 0.77% at 30120 rose reaching its highest level in month, as investors grew more anxious about economic and political uncertainty over Ukraine. Silver settled up 1.09% at 47985 posted solid gains on Monday after a data out of the Chinese housing sector fuelled concerns that the global economy still battles headwinds that will prompt the Fed to very gradually taper its monetary stimulus programs. The two commodities are expected to trade with positive bias for the day. Support for Gold is at 30000 & resistance at 30260. Support for Silver is at 47650 & resistance at 48350.

 Base metal

On yesterday’s trading session base metals closed with mixed views after data showed that Chinese home prices fell for the first time in 14 months in January and following reports that Chinese banks are cutting lending to property developers and other related companies.  Base metals traded with negative bias the whole trading session but later during the day base metals recovered from early losses and shown some signs that a little more bounce can come into picture. The base metals are expected to trade within the range for the day.

Crude oil

MCX Crude Oil settled up 0.64% at 6400 higher in choppy trade on Monday, as investors continued to weigh the potential weather drag on recent economic data and its impact on future oil demand. Crude Oil is having support at 6340 levels if broken and managed to sustain below that then further fall can be expected till 6290 levels.

Natural gas

MCX Natural Gas prices dropped after hitting a 5-year high settled down -8.79% at 345.40 dropped after updated weather-forecasting models called for a return of milder temperatures across the eastern U.S. after a blast of cold air moves out. Technically, after hitting 5-year high it could not sustain above that levels which shows signs of weakness and reversal but it would be too early to say that the commodity has reversed from its uptrend till the time it is in a formation of higher highs and higher lows on longer time frame charts. Support for Natural Gas is at 320 and resistance at 345.

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COMMODITY OUTLOOK FOR MONDAY 24 FEB 2014

Trading Call for the day: "Sell Crude Oil in the range 6395-6400 with Stop Loss 6420 Target 6360."

"On Friday’s trading session, our trading call of Natural Gas achieved our target of 386. Sell was given in the range of 392-392."

Precious metal

On Friday’s trading session Gold settled flat at 29889 as prices recovered from lows as doubts over U.S. economic recovery helped lift bullion’s safe-haven appeal. Silver settled flat at 47467 as prices recovered from lows after investors digested the latest in a series of hit-and-miss economic indicators, this time soft U.S. home sales, and concluded that even though the Federal Reserve remain on course to dismantling stimulus programs, it will do so gradually. The two commodities are expected to trade with positive bias for the day. Support for Gold is at 29800 & resistance at 30150. Support for Silver is at 47150 & resistance at 47800.

Base metal

On Friday’s trading session base metals closed flat to negative as concerns over growth in top consumer China weighed on the market, although a survey showing brisk U.S. manufacturing underpinned prices. Base metals traded with negative bias most of the trading session and the intermediate negative trend is still intact. The base metals are expected to trade with negative bias for the day.

Crude oil

MCX Crude Oil settled down -0.86% at 6359 as the fierce U.S. winter weather that has supported heating fuel demand gave way to milder temperatures, triggering a selloff in heating oil. Crude Oil might face resistance near 6400 and if managed to sustain above that then rise till 6460 can be seen. Intraday support for Crude Oil is at 6360 and resistance at 6410.

Natural gas

MCX Natural Gas settled down -2.12% at 378 as pressure seen due to profit booking though prices rose nearly 18 percent for the week as a severely depleted storage level and projections for yet another bout of freezing weather boosted prices. The commodity shown some consolidation but the range was still wide and it is expected that this consolidation might continue in the large range of 360 to 400. Support for Natural Gas is at 378 and resistance at 400.

COMMODITY OUTLOOK FOR TODAY FOR 21/02/2014

Trading Call for the day: 

"Sell Natural Gas in the range 392-392.5 with Stop Loss 396 Target 386."

PRECIOUS METAL

On yesterday’s trading session precious metals closed negative where Gold settled down -0.5% at 29882 pressured by a firmer dollar and having risen nearly 1 percent in the previous session, but the precious metal was heading for its third week of gains on a patchy recovery in the global economy. Silver settled down -0.63% at 47486 fell as the markets expect reduced demand from major importer China after it reported weak manufacturing data. The two commodities are expected to trade within the range for the day. Support for Gold is at 29750 & resistance at 29950. Support for Silver is at 46900 & resistance at 47700.

BASE METAL

On yesterday’s trading session base metals closed negative after poor manufacturing PMI for China on Thursday. Economic data from the Euro zone indicated slow recovery in the area, causing the euro to slip for a second day, which negatively affected LME. Base metals traded with negative bias the whole day and within the range only. The base metals are expected to trade within the range for the day.

CRUDE OIL

MCX Crude Oil settled up 0.12% at 6414 fluctuated between small gains and losses on falling demand and higher U.S. supplies. Crude Oil is trading and sustaining consistently above its resistance but it might correct in today’s trading session. Intraday support for Crude Oil is at 6360 and resistance at 6440.

NATURAL GAS

MCX Natural Gas settled up 1.85% at 386.20 but dropped from 395 level on profit taking sent natural gas futures edging lower after weekly U.S. supply data largely met expectations, giving investors reason to lock in gains stemming from recent blasts of wintry weather and sell the commodity for profits. The commodity rose more than 10% in last two trading sessions and might consolidate or correct for some days to rally further. Support for Natural Gas is at 378 and resistance at 392.

COMMODITY OUTLOOK FOR TODAY 20 FEB 2014

Trading Call for the day:

  "Buy Crude in the range 6390-6395 with Stop Loss 6350 Target 6440."

PRECIOUS METAL :- 

 On yesterday’s trading session precious metals closed negative where Gold settled down -0.64% at 30031 after the news that India is likely to cut the import tax on gold before end-February by between 2% and 4% from the current level of 10%. Silver settled down -0.49% at 47787 fluctuated between small gains and losses after the release of Federal Reserve meeting minutes that highlighted the possibility of an increase in interest rates sooner than expected. The two commodities are expected to trade with negative bias for the day. Support for Gold is at 29750 & resistance at 30150. Support for Silver is at 46900 & resistance at 47600.

BASE METAL :-

 On yesterday’s trading session base metals closed with mixed views as gains were capped after a manufacturing gauge for China declined more than estimated, damping demand prospects in the world’s biggest user of metals. Base metals traded with positive bias the first half of the day but later during the trading session all base metals fell and did not shown any signs of intraday reversal. The base metals are expected to trade within the range for the day but they might bounce from their support levels.

CRUDE OIL :-

 MCX Crude Oil settled up 0.95% at 6406 but overall traded in the range as the markets weighed weather concerns in the U.S. along with heating oil inventories. Crude Oil is trading and sustaining consistently above its resistance but it might correct in today’s trading session. Intraday support for Crude Oil is at 6360 and resistance at 6440.

NATURAL GAS :-

 MCX Natural Gas settled up 11.33% at 379.20 rallied to the highest settlement in more than five years as the latest U.S. weather forecasts called for more severe cold, fuelling worries about already tight supplies. The commodity rose more than 10% in yesterday’s trading session and might consolidate or correct a bit to rally further. Support for Natural Gas is at 363 and resistance at 377.

COMMODITY OUTLOOK FOR TODAY 18-FEB-2014

 Trading Call for the day:

 "Buy Copper in the range 447-447.50 with Stop Loss 445 Target 450. "

GOLD/SILVER

On yesterday’s trading session precious metals closed positive where Gold settled up 2.66% at 30157 as Gold premiums in India recovered 21 percent to $75 an ounce on London prices from a four-month low as the federal government kept import duty steady at a record 10 percent. Silver settled up 2.41% at 47735 tracking gains from Comex Silver which rallied by 1.9% to settled at $21.76 an ounce heading towards the longest winning streak since 1968 after a government report showed that China’s bank lending rose spurring demand for commodities. The two commodities are expected to trade within the range for the day. Support for Gold is at 29920 & resistance at 30220. Support for Silver is at 47000 & resistance at 47900.

 BASE METAL

On yesterday’s trading session all base metals closed positive as investors and speculators booked fresh positions in the industrial metal as upbeat Chinese credit growth data signalling an economic rebound in the world’s biggest metals consumer lifting the demand outlook for industrial metals. The base metals are expected to trade within the range.

CRUDE OIL

MCX Crude Oil settled up 0.53% at 6231 as support seen from Nymex Crude oil futures which held above $100 buoyed by a weaker dollar and as frigid weather across North America lifted heating demand. Crude Oil is trading near the resistance of 6260and only decisive break and sustaining above this level will bring any further up move. Intraday support for Crude Oil is at 6190 and resistance at 6280.

NATURAL GAS

MCX Natural Gas settled up 3.95% at 337.20 extended strong gains from last week on Monday, as cold weather hit the eastern U.S., boosting heating demand. The rally in this commodity seems to continue as it is trading and sustaining above the resistance of 339 and it is expected to rise till 355. Support for Natural Gas is at 339 and resistance at 355.
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COMMODITY OUTLOOK FOR MONDAY 17-FEB-2014

 Trading Call for the day : 

Buy Copper in the range 448.50-449 with Stop Loss 446 Target 452.

PRECIOUS METALS : On Friday’s trading session precious metals closed positive

On Friday’s trading session precious metals closed positive where Gold settled up 0.65% at 29375 as weak U.S. manufacturing output pressured the dollar and lifted bullion’s currency-hedge appeal. Silver settled up 3.76% at 46613 after a week of soft data sparked sentiments the Federal Reserve will very gradually taper its monthly bond purchases, which weaken the dollar by suppressing interest rates. The two commodities are expected to trade with positive bias but might buying can be done near support levels. Support for Gold is at 29320 & resistance at 29600. Support for Silver is at 46700 & resistance at 47660.

BASE METAL :On Friday’s trading session base metals closed with mixed views

On Friday’s trading session base metals closed with mixed views due to uncertainty about the demand outlook following soft US and Chinese economic data. The base metals have opened today above their key resistance levels and now these might rally further. Base metals are expected to trade with positive bias for the day.

CRUDE OIL : MCX Crude Oil settled down

MCX Crude Oil settled down -0.88% at 6198 pressured by weak manufacturing data attributed to the cold winter weather. Crude Oil tested the support of 6160 where it seems minor correction has completed and the commodity is ready to rise further. Intraday support for Crude Oil is at 6190 and resistance at 6280.

NATURAL GAS : MCX Natural Gas settled up

MCX Natural Gas settled up 1.79% at 324.4 after a weekly U.S. supply report revealed cold winter weather has taken its toll on the country’s stockpiles. The rally in this commodity seems to continue at least till the levels near 339 and if manages to hold above it then further rise can be seen till 355. Support for Natural Gas is at 332 and resistance at 339.

COMMODITY OUTLOOK FOR 14-FEB-2014

Trading Call for the day:  

"Sell Silver in the range 45500-45550 with Stop Loss 46000 Target 45000."

COMMODITY OUTLOOK FOR TODAY 
PRECIOUS METAL :- "might see big sell off"

On yesterday’s trading session Gold settled up 0.18% at 29184 tracking gain’s in Comex Gold which rallied above $1,300 for the first time in over three months, gaining almost 1% after disappointing U.S. retail sales data weighed on the dollar and increased bullion’s appeal as a currency hedge. Silver settled up 0.19% at 44922 while market was traded in the range but sentiments improved as weaker-than-expected U.S. economic data bolstered the case for a slower rollback of the Federal Reserve’s bond-buying program. The two commodities are expected to trade might see big sell off if they could not sustain above 29350 for Gold and 45850 for Silver. Support for Gold is at 29180 & resistance at 29400. Support for Silver is at 45200 & resistance at 45900.

BASE METAL :- " might again see minor sell" 

On yesterday’s trading session base metals closed with mixed views as investors looked ahead to key economic data out of the U.S. and China to gauge the strength of the world’s two-largest economies. Base metals might again see minor sell off from the resistance levels as the trend is still down and has not changed yet. Base metals are expected to trade within the range for the day.

CRUDE OIL :-"Entered into corrective phase "

MCX Crude Oil settled up 0.53% at 6253 rose in the line of expectation as sentiments that an intense winter storm trekking across the eastern seaboard will hike demand for heating oil. Crude Oil seems to have entered into corrective phase and might test 6160 in coming trading sessions. Intraday support for Crude Oil is at 6190 and resistance at 6280.

NATURAL GAS :-"seems to continue at least till the levels "

MCX Natural Gas settled up 3.37% at 318.70 shot up on Thursday after a weekly U.S. supply report revealed cold winter weather has taken its toll on the country’s stockpiles. The rally in this commodity seems to continue at least till the levels of 335. Support for Natural Gas is at 315 and resistance at 338.

commodity outlook for today

Trading Call for the day:

" Sell Crude Oil in the range 6220-6225 with Stop Loss 6250 Target 6190."

gold & silver  :-

On yesterday’s trading session Gold settled flat at 29132 after climbing sharply overnight as investors continued to cheer Federal Reserve Chair Janet Yellen’s commitment to tapering stimulus measures. Silver settled flat up at 44839 as stocks rallied, but was still trading near its highest in three months on assurances from the new Federal Reserve chair that there would be no abrupt changes to U.S. monetary policy. The two commodities are expected to trade within the range for the day. Support for Gold is at 28980 & resistance at 29200. Support for Silver is at 44400 & resistance at 45200.

Base metal:-

On yesterday’s trading session most of the base metals closed negative after upbeat Chinese trade data eased fears over a slowdown in the world’s second-largest economy. Base metals recovered on yesterday’s trade and only significant breakout above their resistance levels will bring further rise. Base metals are expected to trade within the range for the day.

Crude oil :-

MCX Crude Oil settled flat up by 0.08% at 6220 near to six-week high Wednesday, after some strong economic data from China, even as a report from the Energy Information Administration showed crude stockpiles in the US to have increased more than expected while gasoline inventories dipped unexpectedly last week. Crude Oil seems to have entered in to corrective phase and might test 6160 in intraday. Intraday support for Crude Oil is at 6160 and resistance at 6250.

Natural gas :-

MCX Natural Gas settled up 4.19% at 308.30 shot up as a powerful winter storm trekked across the south eastern U.S. and fueled expectations that snow, ice and freezing temperatures are taking their toll on stockpiles as homes and business crank up their heating. The commodity took support near 295 levels in yesterday’s trading session and expected to hold that support for today also. Support for Natural Gas is at 295 and resistance at 315.

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COMMODITY OUTLOOK FOR TODAY 12/02/2014

Trading Call for the day: Buy Natural Gas in the range 306-307 with Stop Loss 302 Target 313.

Yesterday our sell call of Gold achieved the target of 29020. Sell was given in the range of 29120-29130.

On yesterday’s trading session Gold settled up 0.58% at 29104 as support seen after incoming Fed Chair Yellen made it clear she would not make any abrupt changes to the central bank’s commitment to a measured tapering of bond purchases. Silver settled flat paring gains to ease off high, after Federal Reserve Chair Janet Yellen said that the central bank was likely to continue tapering its monthly bond-buying program in measured steps. The two commodities are expected to trade within the range but with negative bias for the day. Support for Gold is at 28890 & resistance at 29180. Support for Silver is at 44150 & resistance at 45000.

On yesterday’s trading session most of the base metals closed negative as pressure seen due to the lack of positive news and major hand was of weak USDINR. Base metals might recover from these levels and only when they show some kind of reversal in shorter time frames should be used as selling opportunities.

 MCX Crude Oil settled down -0.53% at 6215 paring gains as investors digested Fed Chair Janet Yellen’s comments that the U.S. central bank was on track to keep reducing its policy stimulus. Crude Oil corrected a bit yesterday but the rally seems to continue in the coming trading sessions and it is expected to trade with positive bias today. Intraday support for Crude Oil is at 6200 and resistance at 6280.

Trading Call for the day:
 Sell Gold in the range 29120-29130 with Stop Loss 29200 Target 29020. 
BULLIONS OUTLOOK
GOLD SILVER
On yesterday’s trading session gold and silver  closed positive where Gold settled up 0.63% at 28935 edged higher for a second session on Monday on speculation that the Federal Reserve would slow the pace of its stimulus tapering after a weak U.S. jobs report raised questions over the state of economic recovery. Silver settled up 0.68% at 44670 extended gains from last week on Monday, as a mixed U.S. employment report forced investors to recalibrate their assumptions about the future course of the Federal Reserve’s monetary policy. The two commodities are expected to trade within the range for the day. Support for Gold is at 29000 & resistance at 29150. Support for Silver is at 44500  & resistance at 45200.
BASE METALS
On yesterday’s trading session base metals closed with mixed views as no economic data was to be released yesterday but most of them traded with negative bias. The rally in base metals which came some trading sessions back was not sustainable and trend is still down so any bounce can be used as selling opportunities. 
CRUDE OIL
MCX Crude Oil settled up 1.41% at 6248 as prices carried Friday’s gains into Monday as sentiments remained firm that recent blasts of winter storms have taken their toll on heating oil stockpiles more than anticipated, though reports of increased supply from Libya capped the commodity’s gains. Crude Oil is expected to trade with positive bias for the day. Intraday support for Crude Oil is at 6160 and resistance at 6240. 
NATURAL GAS
 MCX Natural Gas settled down -4.13% at 287.60 dropped on Monday after updated weather-forecasting models continued to call for a thawing trend to settle in over much of the U.S. through the third week of February. The commodity is still in long term uptrend and we might see strong pullbacks from the lower support levels near 275. Support for Natural Gas is at 285 & resistance at 300.

COMMODITY OUTLOOK FOR MONDAY 10 FEB 2014

Trading Call for the day: Buy Silver in the range 45750-44800 with Stop Loss 44400 Target 45200.

Yesterday our sell call of Copper achieved our target of 445. Sell was given in the range of 447-447.50.

On Friday’s trading session Gold settled up 0.37% at 28757 trading with positive bias all during the trading session and it is expected to trade with positive bias till the time it is trading above 28600. Silver settled down 0.10% at 44369 traded under pressure all during the trading session seen recovery from support levels but could not hold above the resistance levels. The two commodities are expected to trade within the range for the day. Support for Gold is at 28800 & resistance at 29100. Support for Silver is at 44400 & resistance at 45200

COMMODITY OUTLOOK FOR 07-FEB-2014

Trading Call for the day: Sell Copper in the range 447-447.5 with Stop Loss 449 Target 445.

On yesterday’s trading session Gold settled down -0.23% at 28650 giving up its gains and fell slightly as Equities rallied, but losses were limited by the euro’s gain versus the dollar and caution ahead of the key U.S. non-farm payrolls report on Friday. Silver settled up 0.05% at 44413 dropped from the day high rallied to the highest levels of the session following the release of a flurry of U.S. economic data and as comments from ECB President Mario Draghi boosted the euro against the U.S. dollar. The two commodities are expected to trade within the range for the day. Support for Gold is at 28600 & resistance at 28880. Support for Silver is at 44280 & resistance at 45000.

COMMODITY OUTLOOK FOR THURSDAY 06-FEBRUARY-2014

Trading Call for the day: Buy Silver in the range 44550-44600 with Stop Loss 44100 Target 45100.
The gold and silver closed positive on yesterday’s trading session where Gold settled up 0.29% at 28715 after data showed that U.S. non-farm private employment rose less-than-expected in January, fuelling concern over the labour market. Silver settled up 1.92% at 44392 but failed to hold an earlier rally as a mixed bag of U.S. economic indicators left investors uncertain over the pace of recovery in the world’s largest economy. The two commodities are expected to trade with positive bias for the day. Support for Gold is at 28600 & resistance at 28880. Support for Silver is at 44300 & resistance at 45200.

On yesterday’s trading session all base metals closed flat except Zinc closed positive as sentiments remain weak and investors were worried about weak demand in China and about the adjustment of the Chinese market to a drop in London prices when it reopens on Friday. The base metals shown some signs of recovery but could not sustain higher levels and the trend is still negative but the way equities are falling base metals might see a trend reversal soon.

COMMODITY OUTLOOK FOR 05-FEB-2014

Trading Call for the day: Sell Natural Gas in the range 329.5-330 with Stop Loss 335 Target 324.

Yesterday our sell call of Natural Gas achieved the target of 315. Sell was given in the range on 319.5-320.

Precious metals closed negative on yesterday’s trading session where Gold settled down -1.33% at 28632 slipped as a modest rebound in equities dampened safe-haven interest in the metal and physical purchases in top buyer Asia were quiet. Silver settled down -0.69% at 43557 remained lower on Tuesday, after data showed that U.S. factory orders fell less-than-expected in December. The two commodities are expected to trade sideways for the day. Support for Gold is at 28600 & resistance at 28880. Support for Silver is at 43400 & resistance at 44150.

COMMODITY MARKET UPDATES FOR 04 FEB 2014

Trading Call for the day: Sell Natural Gas in the range 319.5-320 with Stop Loss 324 Target 315.

Yesterday our buy call of Gold achieved the target of 28850. Buy was given in the range on 28680-28690.

Precious metals closed positive on yesterday’s trading session Gold settled up 1.31% at 29017 rose after disappointing manufacturing data from the United States and China pummelled Wall Street, while jitters about emerging markets bolstered an investor flight to safety. Silver settled up 1.27% at 43858 as equities looked set to follow the sharp decline on Wall Street and investors worried over U.S. economic growth after weak manufacturing data. The two commodities are expected to trade sideways but might not sustain higher levels and fall. Support for Gold is at 28820 & resistance at 29070. Support for Silver is at 43400 & resistance at 44150.

The Optimum Gold / Silver Ratio

The “optimum gold/silver ratio” is an interesting question, because in prior centuries the ratio was based on both being monetary metals. The two metals previously had little practical day to day use for common people (except monetary), and they functioned mostly as status symbols of wealth and power for the privileged. All that changed with the industrial revolution, when silver slowly started playing an essential role in technology. Today’s gold/silver ratio is based on gold being primarily a monetary metal, and silver being primarily an industrial metal, thus making the gold/silver ratio very unstable. Let’s start by examining some historical facts to see where we came from, where we are now, and finally, the unknown Event Horizon we are heading toward that will establish the future gold/silver ratio. The earth currently yields about 80 million ounces of gold per year, and about 650 million ounces of silver per year.

COMMODITY OUTLOOK FOR MONDAY 03 FEB,2014

"Trading Call for the day: Buy Gold (April) in the range 28680-28690 Stop Loss 28600 Target 28850."

Friday our sell call of Gold achieved the target of 29400. Sell was given in the range on 29520-29530.

Precious metals closed positive on Friday's trading session Gold settled up 0.29% at 28641 underpinned by weakness in global equities on concerns over emerging economies but prices on weekly basis seen under pressure due to strong U.S. economic growth. Silver settled up 0.21% at 43309 as a rout in emerging-market currencies increased demand for the metal as a haven. The two commodities are expected to trade sideways but with positive bias for the day. Support for Gold (April) is at 28600 & resistance at 28870. Support for Silver is at 43100 & resistance at 44000.

KEYS TO TRADE IN BULLIONS FOR 31/01/2014

"Trading Call for the day: Sell Gold in the range 29520-29530 Stop Loss 29600 Target 29400. "

Precious metals closed negative on yesterday’s trading session Gold settled down -1.21% at 29378 after robust U.S. GDP data cemented market expectations for the Federal Reserve to continue dismantling stimulus programs, which fueled demand for the dollar. Silver settled down -2.67% at 43220 poised to post its first weekly drop in six weeks on Friday as strong U.S. economic growth boosted global equities and the dollar, hurting the metal’s safe-haven appeal. The two commodities are expected to trade sideways till the time it holds their intraday support levels below which selling pressure can be seen. Support for Gold is at 29320 & resistance at 29550. Support for Silver is at 43100 & resistance at 43600.

On yesterday’s trading session all base metals closed slightly negative as there was heavy selling pressure after data confirmed a contraction in China’s manufacturing sector and following the Fed’s decision to taper its monthly bond-buying program by USD10 billion for the second consecutive meeting. The trend for the base metals is still negative so any bounce can be used as a selling opportunity.

COMMODITY OUTLOOK FOR TODAY 30 JAN 2014

Trading Call for the day: Buy Natural Gas in the range 335-335.50 Stop Loss 330 Target 342.

On yesterday’s trading session all base metals closed slightly negative except Lead closed slightly positive as no decisiveness is seen among the metals regarding their price direction. The trend for the base metals is still negative so any bounce can be used as a selling opportunity.

Precious metals closed positive on yesterday’s trading session where Gold settled up 0.74% at 29738 as Rupee gave up most gains as investors covered their short dollar positions ahead of the outcome of the U.S. Federal Reserve’s two-day policy meeting, while weaker local shares also hurt. Silver settled up 0.53% at 44405 as support seen from the rupee weakness while Comex Silver settled at 19.69 dropped after the Federal Reserve decided to cut its monthly bond-buying program by USD10 billion. Gold is expected to trade positive for the day while Silver is expected to trade sideways due to strong USDINR. Support for Gold is at 29650 & resistance at 29850. Support for Silver is at 44200 & resistance at 45000.

COMMODITY OUTLOOK FOR TODAY 29 JAN 2014

Trading Call for the day: Sell Copper in the range 450-450.5 Stop Loss 453 Target 447.

Our yesterday’s trading call of Silver achieved its target of 44500. Sell was given in the range of 44950-45000

Precious metals closed negative on yesterday’s trading session where Gold settled down -0.93% at 29521 extending the previous session’s drop, as global equities rebounded from a one-month low and emerging markets stabilized after three days of intense selling. Silver settled down -2.31% at 44169 fell to the lowest levels of the session on Tuesday, after data showed that U.S. consumer confidence rose more-than-expected in January to hit a five-month high. The two commodities are expected to trade with negative bias for today. Support for Gold is at 29250 & resistance at 29500. Support for Silver is at 43600 & resistance at 44300.

On yesterday’s trading session all base metals closed negative as investors looked ahead to U.S. durable goods data due out later in the session to gauge the strength of the economy and weak USDINR added to the weakness. The trend for the base metals has become negative for intermediate term so any bounce can be used as a selling opportunity. Even today also the metals are expected to trade with negative bias.

THINGS YOU MUST KNOW BEFORE TRADING IN COMMODITY FOR 27 JAN 2014

Trading Call for the day:"Sell Crude Oil in the range 6100-6105 Stop Loss 6140 Target 6060."

Precious metals traded with positive bias on Friday’s trading session where Gold settled up 0.56% at 29519 as the release of downbeat U.S. economic reports prompted investors to flock to the safe-haven precious metal while Silver settled down -0.49% at 44691 on profit booking despite of downbeat data from U.S. economic reports prompted investors to flock to the safe-haven precious metal. The two commodities are expected to trade with positive bias for today. Support for Gold is at 29550 & resistance at 29850. Support for Silver is at 44600 & resistance at 45450.

On Friday’s trading session base metals closed with mixed views due to credit risk in China and strong USDINR. The trend for the base metals has become negative for short term so any bounce can be used as a selling opportunity for today.

MCX Crude Oil pared all of its gains on reports of a slowing economy in China and a downward slide in U.S. equities. Crude Oil seems to have entered the short term correction which might complete near 6010 level. Intra day support for Crude Oil is at 6050 and resistance at 6140.

MCX Natural Gas settled up 7.34% at 318.8 after updated weather-forecasting called for fresh blasts of cold air to sweep across the U.S. and hike demand for heating. The commodity might take resistance near 343 levels and further rally may only be seen above 345. Support for Natural Gas is at 331 & resistance at 343.

COMMODITY OUTLOOK FOR TODAY 24 JAN 2014

Trading Call for the day: Sell Silver in the range 44950-45000 Stop Loss 45400 Target 44200.

Yesterday our trading call of the day hit our Target of 304. We recommended a buy call in the range of 293-293.50.

Precious metals closed positive on yesterday’s trading session where Gold settled up at 29355 tracking gains from Comex Gold which settled at 1263.55 notching its biggest one-day rally in three months, as sharp losses in U.S. equities and disappointing Chinese manufacturing data lifted bullion’s safe-haven appeal. Silver settled up 1.29% at 44910 rose to the highest levels of the session hitting a five-week top, after data showed that U.S. existing home sales rose less-than-expected in December. The two commodities are looking to trade within the range for today. Support for Gold is at 29180 & resistance at 29400. Support for Silver is at 44500 & resistance at 45300.

MUST KNOW BEFORE COMMODITY TRADING FOR 23-JAN-2014

On yesterday’s trading session all base metals closed negative except Nickel closed positive. The majority of metals closed negative on expectations that the US Federal Reserve will continue to scale back its assets purchasing program grew, the US dollar index remained strong. But for today’s trading session strong recovery may come into picture in all base metals as these are trading near the support levels.

Precious metals closed negative on yesterday’s trading session where Gold settled down -0.31% at 29150 due to technical weakness and strength in the dollar. Silver settled down -0.32% at 44338 as investors awaited U.S. data to gauge the strength of the economy. The two commodities are looking negative for today and any bounce may be used as selling opportunity where resistance for Gold is at 29250 & 29350 and resistance for Silver is at 44550 & 44800.

COMMODITY OUTLOOK FOR TODAY(22/01/2014)

Precious metals closed negative on yesterday’s trading session where Gold settled down -0.16% at 29241 due to investors’ evaluation of rally’s impact on demand when the Dollar appreciated. Silver settled down -1.21% at 44480 on speculation about further cuts to the U.S. Federal Reserve’s stimulus measures and an improving outlook for the global economy. The two commodities are looking negative for today and any bounce may be used as selling opportunity where resistance for Gold is at 29350 & 29450 and resistance for Silver is at 44800 & 45200.

 On yesterday’s trading session all base metals closed positive on concerns of near-term tight supply, LME inventories continue to fall and a port strike in Chile exacerbated a temporary shortage of the metal. And, for today’s trading session the metals are expected to trade with positive bias and strong recovery can be seen from their support levels.

MCX Crude oil settled up 1.88% at 5922 as upbeat IMF global growth forecasts support oil demand expectations also support seen after the news that Libya´s oil minister had resigned also added to price gains. International markets in fact managed to cross resistance of 95$ but still this above move looks to be corrective and the commodity might fall in the coming trading sessions. Intraday support for Crude Oil is at 5910 & 5870 and resistance is at 5955 & 6010.

MCX Natural Gas settled up 3.96% at 273.30 rose sharply on Tuesday, as frigid winter temperatures and heavy snow was expected across most parts of the U.S. Northeast in thecoming days. The commodity is expected to trade under pressure till the time it does not manages to cross resistance of 278 but the overall trend for the commodity is positive. Support for Natural Gas is at 274 & 272 and resistance is at 278 & 281 in this commodity.

COMMODITY MARKET NEWS FOR TODAY 21/01/2014

Precious metals closed flat on yesterday’s trading session where Gold settled at 29288 after touching its highest level in nearly six weeks with a lower dollar and a dip in equities boosting investor confidence in the yellow metal. Silver settled flat at 45024 carrying the last weeks gain as traders continued to speculate over how quickly the Federal Reserve will roll back its stimulus program. The two commodities are looking negative for today and any bounce may be used as selling opportunities where resistance for Gold is at 29370 & 29450 and resistance for Silver is at 45300 & 45600.

KEYS TO TRADE IN COMMODITY FOR 20/01/2014

Precious metals closed positive on Friday’s trading session where Gold settled up 0.8% at 29265 as weakness in U.S. equities, strong fund buying and Asian physical demand lifted bullion prices. Silver settled up 1.33% at 45136 with investors turning to the precious metal after global equity markets trended lower after a government report showed the cost of living in the US increased by the most in six months. The two commodities are looking positive for today but the upside seems to be limited where resistance for Gold is at 29370 & 29450 and resistance for Silver is at 45500 & 45900.

COMMODITY OUTLOOK FOR TODAY

Precious metals closed negative yesterday where Gold settled flat at 29034 largely traded flat in the range of 28950-29150 after two consecutive days of losses. Silver settled down -0.54% at 44545 but overall market was steady as a string of U.S. data showed more strength in the recovery of the world’s largest economy. The two commodities are looking weak for the days to come if Gold doesn’t break 29200 and Silver 45600 on the upside.

On yesterday’s trading session almost all base metals traded sideways in the first half of the trading sessions but later seen sell off from higher levels. And, for today’s trading session the metals are expected to trade within the range only but might be with positive bias.

MCX Crude oil settled down -0.72% at 5781 eased on Thursday in light trade as more supply from the Middle East was offset against news of lower output from OPEC. International markets may feel resistance near 95$ level but once this level is broken then again the trend will change for the commodity. Intraday support for Crude Oil is at 5760 & 5720 and resistance is at 5830 & 5850.

MCX Natural Gas settled down -0.48% at 269.20 given up all it’s earlier gain as weather forecasts called for reinforcing blasts of cold air to trek east across the U.S. and hike demand for heating in the nation’s homes and businesses, while supply data capped gains albeit slightly. A blast of cold air shooting across the country, including in the south eastern U.S., will see reinforcing chilly air masses follow suit, which sent natural gas prices rising on Thursday. Support for Natural Gas is at 267 & 262 and resistance is at 273 & 277 in this commodity.

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COMMODITY OUTLOOK FOR 16/01/2014

Precious metals closed negative yesterday where MCX Gold settled at 29019 & MCX Silver settled at 44785 because of strong & positive equity markets. Gold & Silver traded with negative bias the whole day but managed to close above their daily 8EMA which suggests positive momentum to continue for a while in these two commodities and only closing below the support levels will bring any major down move in these commodities.

On yesterday’s trading session almost all base metals traded with negative bias in the first half of the trading sessions and showed massive recovery in the later half of the session and the closed above their resistance levels. And, for today’s trading sessions the metals might trade with negative bias in the first half of the sessions but later the up move is expected to be seen in the base metals.

MCX Crude Oil recovered on aggressive short covering by the traders. Crude Oil prices broke the resistance level of 5770 in yesterday’s trading sessions and also traded with positive bias the whole day. International markets may feel resistance near 95$ level but once this level is broken then again the trend will change for the commodity. Intraday support for Crude Oil is at 5760 & 5720 and resistance is at 5830 & 5850.

MCX Natural Gas traded with positive bias the whole day and closed above its resistance of 270 and now it may consolidate a bit for 2-3 trading sessions to resume its uptrend again. Support for Ntural Gas is at 268 & 265 and resistance is at 272 & 275 in this commodity.

Intraday call For Gold Today

 "SELL GOLD Above 28980.00 T1- 28840.00, T2- 28700.00, T3- 28600.00 with SL-  29098.00"

BULLION OUTLOOK FOR 15 JAN 2014

YESTERDAY’S TRADE: We recommended a sell call in COPPER in the range 457.20 to 457.40 which achieved our 1^st Target of 455.30.

Precious metals closed negative yesterday where MCX Gold settled at 29096 & MCX Silver settled at 44941. Gold & Silver exactly followed the resistance levels mentioned in yesterday’s trading session and fell drastically in yesterday’s later trading session and now if any bounce comes in these two commodities would be used as a selling opportunity.

 On yesterday’s trading session almost all base metals opened gap up except Copper opened flat to negative but traded with negative bias almost the whole day. It is expected that all the base metals may fall further to at least test their support levels as the intermediate term trend for base metals is negative.

MCX Crude Oil shown recovery from lower levels but could not cross the resistance of 5720 & 5770 on yesterday’s trade and can be further assumed that it might cross resistance of 5720 in today’s trading session but 5770 will act as a good selling opportunity level. Intraday support for Crude Oil is at 5640 &5570.

MCX Natural Gas moving as per the expectations on yesterday’s trade with opening above 265 level and strongly holding that level and it is further expected that the commodity can further test the levels of 270 & 279 in the coming trading sessions.

Commodity Bullions Outlook

On yesterday’s trade almost all base metals closed positive except Copper-closed flat. It is expected that all the base metals may rise further one and a half percent from where selling pressure may again come into picture as the intermediate term trend for base metals is negative.

COMMODITY MARKET UPDATES 13/01/2014

"Sell crude palm oil @ 538 sl 542 tgt  532/530"

 Gold and silver prices are likely to remain bearish ON Saturday with both precious metals to come under downside pressure Gold may fall below $1200/Oz and if downside pressure continues, it could test $1185-1182 mark while MCX Gold Feb contract has support 27700, 27000 mark while resistance is seen at 29350, 30,300

KEYS TO TRADE IN COMMODITY FOR 11/01/2014

"Sell copper fab @  457.6 SL 459 TGT 453/451"

In  the commodities, both gold and silver are trading marginally higher at $1232 and $19.75 up by 0.2% and 0.3% at the Comex platform. WTI crude is trading higher by 0.9% at $92.58 per barrel at the NYMEX platform. Lastly, base metals 3M forwards at the LME platform are trading higher in the range of 0.3% to 1% after declining over 1.5% on an average in the Thursday  trading session.

COMMODITY MARKET UPDATES FOR 10/01/2014

"sell lead @ 130.5 SL 131.02 TGT 129.1/128.5"
IN commodities, both gold and silver are trading lower. Gold is trading at $1226, down by 0.2%, while silver is trading down by over 1% at $19 at the Comex platform. WTI crude is trading marginally higher by 0.1% at $93.7 per barrel at the NYMEX platform. Lastly, most of the base metals 3M forwards at the LME platform are trading lower.

KEYS TO TRADE IN COMMODITY FOR 09/01/2014

"BUY SILVER FEB @ 43800 TGT 44100 SL 43550"

On wednesday in the market of commodities, both gold and silver are trading lower. Gold is trading at $1226, down by 0.2%, while silver is trading down by over 1% at $19 at the Comex platform. WTI crude is trading marginally higher by 0.1% at $93.7 per barrel at the NYMEX platform. Lastly, most of the base metals 3M forwards at the LME platform are trading lower.

KEYS TO TRADE IN COMMODITY 08 JAN 2014

"Buy gold  feb @ 29000  tgt  28650/28550 sl 29295"

Gold eased for a second session on Wednesday as equities inched higher on optimism over US economic growth, curbing bullion's safe-haven appeal.

INTRADAY CALL FOR COPPER 7-JAN-2014

"BUY COPPER FEBRUARY ABOVE  465.75 SL 463.75 TGT 467.75/469.75/471.75"

Copper declined  most in two weeks, leading drops in industrial metals, after a gauge of china’s services industry fell, stoking concern that demand will weaken in the biggest user.Copper futures rose for the first time in three sessions

COMMODITY MARKET UPDATES FOR 07/01/2014

Most Asian equities ended on a negative note wherein mainly pressure came in from the negative HSBC Chinese PMI service number. European equities are also trading on marginally negative note

From commodities, 

COMMODITY MARKET UPDATES FOR 06 JANUARY 2014

Last time  precious metals prices lined up this way, we were on the cusp of massive volatility and collapse. Silver and gold had recently been pummeled in the same not-for-profit manner that has riddled these markets for more than 40 years in the modern era (and perhaps much longer throughout the history of the monetary metals)

COMMODITY MARKET UPDATES FOR 04/01/2013

During the evening session, there are no major economic data pertaining to base metals and, we expect the metals pack to trade lower and recommend selling in select base metals like copper, nickel and zinc. , both gold and silver are trading up by 0.4% each at $1230 and $20 respectively at the Comex platform. WTI

COMMODITY MARKET UPDATES FOR 03/01/2013

 There is a sudden change in  India gold futures.it get higher on Thursday as a result of fresh buying and a rebound in yellow metal prices in the international market.Meanwhile,crude oil recorded a volatile trade while copper futures also rises up.

Commodity trends in 2014

“Buying precious metals at this stage requires a great deal of stamina and patience as a mountain of fundamental drivers is blocking a potential path to recovery”.

Gold and silver prices hampered by rising growth expectations, but supported by physical buying. Physical buying of gold has remained strong, but not enough to offset negative investor sentiment as tactical investors have sold aggressively as the US dollar and real interest rates have increased. As long as the US dollar continues to firm and real interest rates rise the gold price will likely remain under pressure. However, we believe that a strong physical demand reaction to lower prices similar to that seen in the first half of 2013, together with falling gold production and lower supply from gold recycling will help to limit price downside.

Although prices are expected to find some support in 2014,we are expecting to see a “V-shaped” recovery in prices; instead, we are expecting the next year to be a period of consolidation and a return of volatility.

Intraday call For Gold Today

Buy Gold Jan @ Rs. 28600 target Rs. 28800 stoploss Rs. 28400

Commodity Market Updates for 02/01/2014

Gold suffers biggest fall for three decades, ending year down almost 32%.

.No movement could be seen in the Spot gold and Silver prices as the major international markets are closed today owing to New Year..

Commodity Market Updates

Hi,I am commodity Analyst, I will try to bring you latest news in commodity segment

Commodity Market Today are lackluster due to Closing of international Markets.

  Gold opened today with decreased price but in Mcx Market traded at upper side with 12 points increment. In morning time gold opening price is 28400 points and its last previous closed price is 28422 points.

Mcx Silver in morning time opens with incremented price and traded at upside with good optimistic prices. Mcx Silver opens with 43870 points above side and its last previous closed price is 43833 points. Recently silver going upside with 122 points upside.

 India's eight core industries grew in November, after a decline in the previous month, official data showed. The eight core industries' output rose 1.7 percent year-on-year, following a 0.6 percent fall in October. It was the smallest infrastructure output growth since June.