CommodityOnline

As prices breached the ascending triangle pattern at 537 could see strong upside rallies towards 541 followed by 545 levels in the near term. CPO July MCX/NCDEX: CPO prices sky-rocketed higher...

LME zinc inventories caused market optimism to grow, and attracted speculative capital to inflow to the market.July 24, 2014 13:10Zinc seen supported as stockpiles at the lowest level in more than...

Copper inventories in Shanghai Futures Exchange warehouses rose 3.8 percent from last Friday to 84,453 tonnes, their highest in about a month. Copper looks to trade in the range as nagging...

Gold prices also slipped as investors extended the profit-taking that emerged at the end of last week after six straight weeks of gains. Gold seen under pressure tracking strong global equity...

In our opinion (full) speculative short positions in gold, silver and mining stocks are now justified from the risk/reward perspective.The Euro Index broke decisively below the rising long-term...

Crude oil futures rallied, after a U.S. government report showed a larger-than-expected decline in U.S. inventory levels.The NYMEX crude oil contract traded around $102.57 per barrel, before the EIA...

Prices are crammed inside the ascending triangle pattern and any voluminous burst above 537 could see strong upside rallies towards 541 followed by 545 levels in the near term. CPO July...

Prices are congested inside the ascending triangle pattern and any voluminous burst above 537 could see strong upside rallies towards 541 followed by 545 levels in the near term. CPO July...

As one can see from the adjacent chart, MCX crude oil seems to be overbought on the hourly chart. From a high of Rs6,480 to a low of Rs5,980 the commodity has retraced 50% and the next important...

The above Daily chart of Crude Oil suggest that prices have reversed after taking support of 6150 level. RSI is in a buy mode. We expect prices to go up to levels of 6290.

The above Daily chart of Gold suggest that prices have reversed after taking resistance of 28400 level. RSI is in a sell mode. We expect prices to correct up to levels of 27500.

Naturalgas settled down -2.35% at 232.20 slid to a nearly eight-month low as another sweep of unseasonably cool weather across the U.S. is expected to keep a lid on demand. Gas prices have slid 24%...

Resistance is now observed in the range of 255 - 256 levels. Trading consistently above 255 levels would lead towards the strong resistance at 263 levels, and then finally towards the major...

Trading consistently below 5,980 levels would lead towards the strong support at 5,900 levels and then finally towards the major support at 5,850 levels. MCX Crude oil July as seen in the...

For the next week we expect Copper prices to find support in the range of 427 – 429 levels. Trading consistently below 427 levels would lead towards the strong support at 421 levels and then...

MCX Silver Sept as seen in the weekly chart above has opened at 44,950 levels and prices made a low of 44,576 levels. At the same time price were trading in the range but at the end of the week as...