CommodityOnline

--Aluminum prices declined by 1.4% and 1.2% to $1750.50 and Rs. 105.50 at LME and MCX platform respectively. Yesterday we expected that aluminum prices might get support from the declining inventories...

-- Aluminum’s 3 month forward prices at the LME closed higher in yesterday’s trading session at $1775.50, in line with yesterday’s view where we suggested that the metal might...

MCX Natural Gas March as seen in the weekly chart above has opened the week at 289.20 levels and made high 294.90 levels. As expected prices corrected sharply from the resistance level and fell...

MCX Crude oil March as seen in the weekly chart above has opened the week at 6,387 levels and during this period moved higher and as expected found very strong resistance at 6,550 levels. Later prices...

MCX Copper April as seen in the weekly chart above has opened at 439.10 levels and during this week it rallied sharply higher towards 446 levels but could not sustained on resistance level and...

MCX Silver May as seen in the weekly chart above has opened the week at 47,730 levels and at during the same time prices corrected 2.27% sharply lower towards the 45,835 levels. We have also seen that...

MCX Gold April as seen in the weekly chart above has opened the week at 30,192 levels and during this week price rallied sharply higher towards 30,660 levels, but could not sustain and corrected back...

Copper's 3-month forwards prices at the LME moved up sharply by more than 1.60% and settled near $7050. This morning, the same was seen trading at $7050 with no major change overnight. We believe that...

Aluminum's 3-month forward prices at the LME recovered sharply yesterday by $50 and settled at $1770. We believe that there has been no major change in the fundamentals overnight, just a mere recovery...

--Nickel was the top performer in the Friday's trading session at the LME platform up by 1.9% as the commodity is getting continued support from the increase in its cancelled warrants which have been...

--Presently copper prices are trading marginally down by 0.8% and 0.5% at LME and SHFE platforms. However copper at the MCX platform might open marginally on a negative note owing to the Indian rupee...

--Aluminum was the worst performer in the Friday's trading session both globally and locally despite the US consumer confidence increased marginally and the pending home sales also showing marginal...

Natural gas showcased massive downfall in the first three days of the week and prices fell to two month low. The counter has managed to show a minor recovery in the last two days of the week. Going...

Crude Oil prices continued to show strength during the week although the price action was not very active but they continuously basked above the strong support zone of Rs 6250/bbl. The small...

Silver prices plunged sharply last week after they failed to sustain above previous week’s highs and gave up gains steeply, to form a bearish candle for the week. Bears were seen ruling the...

Gold prices gained for the third consecutive week at MCX but halted at Comex last week with firm weekly closing after rising for three consecutive weeks earlier. Though prices at the domestic market...