CommodityOnline

The MCX Gold price recovered from 17-month lows near the Rs.25200 leve,l to rally and close near Rs.27500 level on a big short-covering spree last week. The price closed positively for the week,...

MCX Silver price recovered over 3.50% from its low consolidation near its high. However, the recent rally could be taken as a sharp short-covering, as the primary trend is down. Any upside move...

MCX Crude price closed the session higher abovethe previous, week after recovering from its low and continuing the up move rally seen last week. The majority of the losses made in former weeks, saw a...

MCX Copper had been trading downward for the past 7 months, indicated by lower tops and lower bottoms. Last week, price witnessed sharp bounce from its previous low. As shown in the chart, the price...

As shown in the weekly chart, MCX Zinc has taken support at its long term upward sloping trend line placed at 100 levels. Last week, after taking support at these levels, prices bounced back and...

Aluminum and Copper inventories gained at London Metal Exchange (LME) on Monday by 7525 and 2450 tons respectively. Zinc stock declined by 5225 tons, while Lead stocks declined 1650 tons. Zinc stocks...

Crude oil could trade in a wide range on mixed fundamentals. The employment data coming out from U.S. end is providing a fair support for oil price in the global market. Elsewhere, increasing...

Silver closed higher 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 turning neutral to bearish, signaling...

Gold closed lower on Friday. The midrange close sets the stage for a steady opening when Monday's night session begins. Stochastics and the RSI are turning neutral to bearish, signaling that sideways...

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 remain neutral to bearish, signaling that additional weakness is...

U.S. Oil closed higher 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 bullish, signaling...

The metal took a slightly upward move after bouncing from the upward line, closing 4H above the resistance level 23.90 as well.Resistance: R3 (25.00) R2 (24.40) R1 (23.90)Support: S1 (23.00) S2...

Gold pushed slightly lower on Thursday, but remains confined within the same trading range among 1440.00-1485.00. A breakout of this trading range is required to speculate on the next potential...

Silver retested the ascending support for the recent consolidation phase, bouncing slightly. A breakout of this tight trading range should hint at the upcoming short term trend. We prefer to remain on...

WTI crude oil is fluctuating below the main descending trend line for the overall sideways market. As shown on the daily chart, this is a key resistance area among 97.00-98.00, which rejected the...