CommodityOnline

MCX Crude March as seen in the weekly chart above has opened the week at 6,371 levels and during this period moved lower and as expected found very good support at 6230 levels. Later prices rallied...

MCX Copper April as seen in the weekly chart above has opened at 449.50 levels and during this week the open and high level was same. We have observed that during this week prices fell sharply towards...

MCX Silver May as seen in the weekly chart above has opened the week at 48,130 levels and during the same time prices corrected 2.27% sharply lower towards the 47,181 levels. We have also seen that...

--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...

--Lead closed marginally higher in the yesterday's trading session by 0.1% recovering from its low after Fed chair Janet Yellen said that the central bank might change its strategy if the US economy...

--Aluminum was the worst performer in the yesterday's trading session both globally and locally taking negative cues from the durable goods orders data, wherein transportation sector could not see...

MCX Natural Gas February as seen in the weekly chart above has opened with the open = low formation at 325.90 and during this period prices rallied sharply higher breaking the resistance of 360 levels...

MCX Crude March as seen in the weekly chart above has opened the week at 6260 levels and during this period moved lower and as expected found very good support at 6233 levels. Later prices rallied...

MCX Copper February as seen in the weekly chart above has opened at 447 levels initially moved higher and as expected found resistance at 454 levels. Later prices fell sharply towards 446.80 levels,...

MCX Silver March as seen in the weekly chart above has opened the week at 47, 492 levels and at during the same time prices made a low of 46,932 levels and high of 48,090 levels and manage to close...

MCX Gold April as seen in the weekly chart above has opened the week at 29,445 levels and during this week moved sharply lower and as expected found strong support just below the expected levels at...

--Zinc inventories have been broadly declining since last two to three weeks and the average daily fall in their inventories is around 4000 MT. However there has been mixed cues from the inventory...

--The Lead inventory picture is depicting mixed cues wherein the inventories and the cancelled warrants are declining simultaneously. The cancelled warrants have declined from a high of 46,275 MT to...

--Copper’s 3-month forward prices at the LME platform are trading down by 1% at $7074 while Shanghai copper is also trading lower by 1.40% at CNY 49850 MT. Likewise, COMEX copper for the March...

Aluminum stock declined by almost 145,950 MT in the last twenty five out of twenty six trading session and also the cancelled warrants for the commodity continues to remain at high above the 46% mark...