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Commodity’s Trend

GOLD APR : UP

RESISTANCE 2 :28800

RESISTANCE 1 :28550

SUPPORT 1 :28150……………….Click here

GOLD APR : SIDEWAYS

RESISTANCE 2 :28300

RESISTANCE 1 :28130

SUPPORT 1 :27800

SUPPORT 2 :27600

SILVER MAR. : SIDEWAYS

RESISTANCE2 :58400

RESISTANCE1 :57500

SUPPORT1 :55650

SUPPORT2 :54600

COPPER FEB. : SIDEWAYS

RESISTANCE2 :427

RESISTANCE1 :422

SUPPORT1 :415

SUPPORT2 :411

CRUDE FEB : DOWN

RESISTANCE2 :4860

RESISTANCE1 :4810

SUPPORT1 :4740

SUPPORT2 :4650

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GOLD APR : SIDEWAYS

RESISTANCE 2 :28200

RESISTANCE 1 :28000

SUPPORT 1 :27750……… click here

MCX COPPER after making highs last week traded lower for first half of the week where it tested 410 level and gained effectively on last day where 420 became the resistance level for it. It is neither able to touch lower nor upper band of the channel on daily charts. In the coming sessions ……………click here

On daily charts, MCX Crude oil is standing at its crucial support level of 4700. If this support breaks then crude will enter in weak zone where it will find support 4680. If it is unable to sustain at these levels then next support is around  4400. On other hand if it sustain ……………click here

MCX GOLD, last week traded sideways and faced strong resistance at 28600 while showed steep downfall on last day of the week and found support around 27900 levels. It is expected to get support at the trend line on daily charts around 27750. If it breaches ……………click here   

Copper  imports by China is seen declining in coming months on the back of a strong buildup of inventories and closing of the arbitrage window. China is the largest consumer of copper in the world, accounting for about 40% to total global consumption. In August, copper prices had crashed on the back of mass liquidations across asset classes. The lower prices had caught Chinese interest, who ……………click here

Oil prices hovered above $96 a barrel Friday in Asia as traders awaited a key jobs report for evidence about the strength of the U.S. economy. Benchmark crude for March delivery was up 4 cents at $96.40 a barrel at midday Singapore time in electronic trading on the New York Mercantile Exchange. The contract fell $1.25 to settle at $96.36 on Thursday. Brent crude ……………click here

Gold prices slipped on Friday, surrendering gains that earlier took the precious metal to an 11-week high, after better-than-expected US payrolls data lifted the dollar and called into question the prospect of further US quantitative easing. Expectations that US monetary policy will remain ultra-loose have boosted investors’ appetite for bullion this year, lifting prices 12 percent since end December. Spot gold ……………click here

Brazil’s Crude Oil and Natural Gas output hit a record high, as per latest data by the National Petroleum Agency showed. Brazil is the ninth largest oil producer in the world. The country produced 768 million barrels of crude oil and 24 billion cubic metres of natural gas last year. Total output was at 919 million Barrels of Oil ……. Click here