CommodityOnline

Gold suggest that prices have reversed after taking support of 28500 level The above Daily chart of Gold suggest that prices have reversed after taking support of 28500 level. RSI is in a buy...

The prices rebounded sharply in the previous week after testing and consolidating around the strong support zone of Rs 224/mmbtu odd levels over the last few weeks. The price tested highs of Rs...

Crude oil ended the week almost flat after breaking below the levels of 5950; however it managed to close the week marginally above that. Technical indicator MACD continues to hover below the center...

Silver prices continued to correct as ended the week on a negative note go-ing down by almost 2 % on weekly basis on MCX. Prices witnessed a low of Rs. 43010 per kg. on MCX for the last week while RSI...

Gold prices closed higher for third consecutive week to breach Rs 28600/10gms on the higher side but failed to sustain above Rs 29000/10gms at MCX. The level of 29100 seems to be a resistance area and...

Resistance is now observed in the range of 248 - 250 levels. Trading consistently above 250 levels would lead towards the strong resistance at 256 levels, and then finally towards the major...

Resistance is now observed in the range of 435 - 437 levels. Trading consistently above 437 levels would lead towards the strong resistance at 442 levels, and then finally towards the major...

Trading consistently below 42,800 levels would lead towards the strong support at 42,000 levels and then finally towards the major support at 41,400 levels. August 11, 2014 15:55MCX Silver Sept...

Resistance is now observed in the range of 29,100 – 29,150 levels. Trading consistently above 29,300 levels would lead towards the strong resistance at 29,800 levels, and then finally...

Looking at bullish chart formation and retreat from 50% Fibonacci retracement level coupled with oscillators indicating optimism. Hence, we recommend buying in MCX Silver Mini Aug contract. In...

The bullish candlestick pattern and chart formation coupled with oscillators is indicating optimism. Hence, we recommend Buying in MCX Gold Mini Sept contract. In the above chart, MCX Gold Mini...

Stochastic is in a buy mode. We expect prices to go up to levels of 250. The above Daily chart of Natural Gas suggest that prices have reversed after taking support of 225 level. Stochastic is...

Currenlty oil prices are hovering near horizontal support of 5930 levels; flip below the same next support would be around 5845 levels. MCX Aug Crude oil has resumed its privileged bearish...

CPO prices broke the immediate trend line support of 512.5, the trend turns bearish and expect to continue the downfall towards 508.6 followed by 505/503 levels. CPO Aug MCX/NCDEX: CPO prices...

As one can see from the adjacent chart below, MCX copper has formed a double top pattern on the one-hour chart. A negative divergence on the Relative Strength Index and the Moving Average Convergence...

Prices are now expected to continue the rally towards the upper band of channel at Rs. 127. Hence, we recommend to go long on decline with stop loss below Rs. 120.50. As per our previous...