CommodityOnline

Gold shot higher & unexpectedly beat 1254/55. Yesterday was very important as the break above 20 month trend line resistance confirmed the bullish double bottom at 1185/80. It also confirms the...

Silver looks like it is in the process of building a long term bottoming pattern. There is a good chance we have ended the 3 year bear market & will shortly resume the bull run that started in...

Zinc was also no exception either as the commodity broadly declined along with the other commodities at the LME platform to close at $2045.50/MT mark.Broadly zinc stock piles have been declining....

Lead was the worst performer among the entire base metals pack in the yesterday's trading session at the LME platform declining almost by 2%.Broadly the lead inventories have been declining since last...

Copper was down by 1.1% in the y esterday's trading session at the LME platform. The commodity traded lower for the larger part of the day taking negative cues from the Chinese manufacturing data and...

Aluminum ended the yesterday's trading session down by 1% at the LME platform to close at $1763/MT mark.The aluminum inventories have been declining since last five trading sessions and the cancelled...

Euro Stoxx unable to beat the long term 50% Fibonacci at 3175/85. Give any shorts a wide berth above 3205 but be ready to go with a break higher for 3240/45 then 3251/53. We have been stuck in a...

Zinc was marginally down by 0.2% in the yesterday's trading session at the LME platform.Broadly zinc stock piles have been declining. However the positivism on the inventory front is being negated by...

Lead was also no exception either and the commodity broadly declined along with the other commodities in the pack.Broadly the lead inventories have been declining since last three months and the...

Copper was down by 0.6% in the yesterday`s trading session at the LME platform.Copper stockpiles in the warehouses monitored by LME continue to broadly decline and are currently at the lowest levels...

Aluminum was the worst performer at the LME platform down by 0.8% to close at $1783/MT as the stronger dollar which strengthened on the expectations that the Fed might continue to taper its bond...

Weekly Outlook: Overall we feel prices continue to trade in a broad $20-25 per ounce range between $1230 on the lower side and $1255 on the higher side. While a major move in either direction would be...

Zinc was marginally up by 0.6% in the yesterday's trading session at the LME platform.Broadly zinc stock piles have been declining. However the positivism on the inventory front is being negated by...

Lead ended the yesterday's trading session marginally higher at the LME platform to finish at $2212/Mt mark.Broadly the lead inventories continue to remain lower and the cancelled warrants ratio for...

Copper ended the yesterday's trading marginally higher by 0.3% at the LME platform recovering smartly form it intraday lows on the back of IMF increasing its global growth forecast from 3.6% to 3.7%...

-Aluminum was the lone underperformer in the yesterdays trading session in the LME platform even though the other base metals broadly closed in the positive territory.--Though the aluminum inventories...