CommodityOnline

--Lead was the worst performer among the entire base metals pack in the yesterday's trading session at the LME platform declining by 1.3% to close at $2137.50/MT mark.--During the day the commodity...

However on the other hand, the red metal could take negative cues as both the LME Copper and Shanghai Copper are trading marginally lower. February 21, 2014 13:25--Copper ended the yesterday's...

--Aluminum has been the lone outperformer in the yesterday's trading session at the LME platform in line with our yesterday's view.--We expect the aluminum prices to continue its trend in the today's...

--Zinc has also been another strong performer gaining by 5% along with aluminum in the last three weeks.--Zinc inventories have been broadly declining since last thirty three trading sessions. However...

The EU data though was also weaker if we look into monthly comparison. While December YoY growth stood in double digits, Jan month growth was down to 5% mark. February 20, 2014 13:30--Lead...

--Copper ended the yesterday's trading session marginally lower taking negative cues from the weak housing starts data.--For the day we recommend selling copper from the higher levels as the metal...

--Aluminum has been the top performer among the entire base metals pack with a gain of 5% over the last three weeks aided by higher equities and a weak dollar.--We expect the aluminum prices to...

As per our previous recommendation dated 11th February 2014 of going Long on MCX Gold , our both target has achieved price made a high of Rs 30218 against target of Rs.30000.Hence, in our view,...

MCX Natural Gas February as seen in the weekly chart above has opened the week at 299.80 levels initially moved sharply lower and as expected found very good at 285.30 levels. Later prices rallied...

MCX Crude February as seen in the weekly chart above has opened the week at 6180 levels initially moved sharply higher, and as expected found good resistance at 6280 levels. Later prices fell sharply...

MCX Copper February as seen in the weekly chart above has opened at 445.95 levels initially moved higher, but has found good resistance at 447.85 levels. Later prices fell sharply towards 441.25...

MCX Silver March as seen in the weekly chart above has opened the week at 44,544 levels initially moved marginally lower, but has found good support at 44,411 levels. Later prices rallied sharply...

MCX Gold April as seen in the weekly chart above has opened the week gap up at 28,850 levels initially made a low of 28,825 levels and then rallied sharply higher, breaking both the resistance levels...

--Nickel finished the week and the last trading day higher by around 0.75% at the LME taking positive cues from the comments of the Indonesian government’s official who said that the government...

--Lead similar to copper is developing mixed cues and thus we have a ranged view for the commodity in Intraday. --On one side the commodity takes positivity amidst the ongoing winter demand in the US;...

Though negatively, copper stocks tracked by SHFE have increased to 180,341 MT from 122,189 MT which is the highest level witnessed since the month of June and are leading to conflicting views on...