CommodityOnline

MCX Lead formed a sharp rally from the 104.25 low. It retraced nearly 78.6% of the entire previous fall. However,the bears opened a fresh round of selling near the key Fibonacci level. As a result,...

Gold maintained the bearish bias after breaking the minor flag pattern shown on the four-hour chart above. The metal is hovering around the 1365.00-support level. Holding below 1365.00 signals further...

Silver moved lower yesterday, breaking below the minor ascending support shown above. A continuation of the selloff below 21.40 horizontal support clears the way towards 21.15, and probably lower. The...

WTI Crude Oil rebounded, currently testing 98.60-98.65 latest highs and resistance level. A continuation of the rally and a break above 98.65 will probably signal a move to 99.00 and 99.70 levels....

Base metals have shown a smart bounce after the fall on April 15, 2013. Copper is one of the commodities from base metal which has moved higher from the low of 365 and tested the crucial levels.In...

Silver closed lower on Tuesday. The low range close set the stage for a steady to lower opening when Wednesday's night session begins. Stochastics and the RSI are neutral to bearish, signaling that...

Gold closed lower on Tuesday. The low range close sets the stage for a steady to lower opening when Wednesday's night session begins. Stochastics and the RSI remain bearish, signaling that sideways to...

Natural Gas closed higher on Tuesday. The midrange close sets the stage for a steady opening on Wednesday. Stochastics and the RSI are turning neutral to bullish, hinting that a low might be in or is...

U.S. Oil closed higher on Tuesday, and the high range close sets the stage for a steady to higher opening when Wednesday's night session begins. Stochastics and the RSI remain bullish, signaling that...

In a previous commentary, we warned that “A break pass $ 1373 will trigger lower prices around $ 1355 to $ 1345 area”. Downside risk remained, and further selling pressure was building up...

After a close at the $1390.00 area, gold started well in early Asian trading hours holding the same area, but the lack of demand to push prices higher was a disappointment. This indicates that the...

Aluminium inventories gained at London Metal Exchange (LME) on Tuesday by 68725 tons while Copper gained by 2675 tons. Lead stock declined 3550 tons while Zinc stocks fell by 2200 tons. Nickel stocks...

Gold is attempting to break the short-term support for the minor flag pattern shown on the chart. Holding successfully below 1380.00 may signal a move lower over intraday basis, for a possible retest...

WTI crude oil broke the descending resistance shown on the daily chart below. It retested the 98.65 key horizontal resistance level, where it was rejected. A break above 98.65 is required to confirm...

Silver maintains a 22.00-22.10 resistance level. Holding below keeps the bearish bias intact, while the RSI momentum indicator continues to show bearish tendency. We hold onto our bearish view,...

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