CommodityOnline

As shown in the weekly chart below, MCX Zinc Price has taken support at its long term upward sloping trend line placed at 100 levels. After correcting for two consecutive weeks, prices have taken...

The price of MCX CPO closed last week on a bullish note, successfully holding on to the major trend-line support R earlier. The medium-term price trend still looks bullish, and the upside move is now...

We maintain our bearish view on gold, and for the selling to continue a little longer. In a healthy market, the sellers usually will face exhaustion and we felt that the gold market would soon...

Crude oil continues to oscillate about its crucial weekly moving averages. The oscillations are taking place in between two converging trend-lines. In terms of the price pattern, oil has formed a...

WTI Crude Oil started the week sharply lower, extending last week’s sharp losses and breaking the short term ascending trend line shown on the daily chart above. It is approaching the 200-days...

Gold resumes the bearish bias with the start of the week after completing a correctional bounce on Friday. The 127.1 Fibonacci extension level managed to halt the recent bearish wave, and mark 1275.00...

Silver starts the week lower, attempting towards the recent low at 19.38 where the overall bias remains bearish. Holding below 20.13 previous broken low and key resistance keeps the bearish outlook...

As per our previous recommendation dated April 16, 2013 to go Short on Spot Gold, the first target of $ 1302 has been achieved. In our opinion, profits on Short positions (as per our previous...

Silver closed higher due to short covering on Friday. The high range close set the stage for a steady to higher opening when Monday's night session begins. Stochastics and the RSI are neutral to...

On Monday, copper inventories gained at the London Metal Exchange (LME) on Monday by 13375 tons, while Aluminum gained by 6375 tons. Zinc stock declined 5575 tons while Lead stocks fell by 3150 tons....

Gold closed higher due to short covering on Friday. The high range close sets the stage for a steady to higher opening when Monday's night session begins. Stochastics and the RSI remain neutral to...

Natural Gas closed lower on Friday. The low range close sets the stage for a steady to lower opening on Monday. Stochastics and the RSI are neutral to bullish, hinting that a low might be in or is...

U.S. Oil closed lower on Friday. The low range close sets the stage for a steady to lower opening when Monday's night session begins. Stochastics and the RSI have turned bearish, signalling that...

On April 15, 2013 we observed a sharp selloff in bullions, base metals and Crude oil. Bullions broke the crucial levels, ended the secular uptrend and entered negative territory. However, Nymex Crude...

MCX Nickel performed a channelized pullback. Within the channel, it formed a triangular pattern and broke out on the upside to form the third leg of the pullback.The pullback retraced 38.2% of the...

Copper inventories gained at London Metal Exchange (LME) on Friday by 21725 tons. Copper was the only gainer in the list. Lead stock declined 4100 tons while Zinc stocks fell by 3100 tons. Nickel...