Commodities Analysis & Opinion

We already have a buy call active in silver and Silver has good supports in the 42400-41950 regions and only a break below these levels could trigger fall towards 41500 levels. There is a possibility...

For MCX gold, a stronger INR has weighed heavily on prices and 27500/27800 remains a strong support zone levels. On the upside 29200 remains a strong barrier. INR will remain a key factor in the...

There is a possibility of pullbacks towards 275 and shorts should exit if prices sustain above those levels. The overall trend still seems towards the downside and prices could fall back towards...

On the MCX, Crude has strong resistance in the6135-6150 zones and a break above that could take prices towards 6200/6250. Price action is likely to be choppy and critical supports are in the 6040-5980...

After facing resistance around 980 for the last couple of weeks, nickel prices have managed to inch above it and sustain. The short term trend for nickel looks firm and we can see some upside towards...

The price of oil has dropped to the lowest level since November on news that rebels have agreed to reopen oil ports in eastern Libya. This is an important step forward, even though the two oil ports...

Friday’s markets ended not with the fanfare that had been hoped for but neither with a splat. March’s Non-Farm Payrolls numbers were roughly on target with consensus (192k vs 200k...

Precious-Gold dropped slightly on Monday, following its biggest one-day gain since March 12 recorded on Friday, as investors’ worries continued after lower than forecast U.S. jobs data. The...

The monthly Copper MMI® registered a value of 84 in April, a decrease of 4.5% from 88 in March.Copper registered a 4 year low on the LME after dropping bellow $6,500 per metric ton. The...

Oil prices gained on Friday despite weaker than expected US Non-Farm Payroll numbers. This rally was spurred on due to the ongoing Libyan crisis where rebels have been holding control over 2 oil...

Gold’s drop last month was, in part, thanks to comments from Yellen that the FOMC would look at raising interest rates by 2015, due to the economic recovery. The poor jobs data on Friday seemed...

MCX Natural Gas April as seen in the weekly chart above has opened the week at 269.10 levels initially, moved sharply lower and as expected found very good at 253.40 levels. Later prices rallied...

MCX Crude April as seen in the weekly chart above has opened the week at 6106 level initially, made a high of 6139 and fell sharply lower towards 5933 levels. Later prices pullback sharply towards...

MCX Copper April as seen in the weekly chart above has opened at 404.70 levels initially, moved higher, but found good resistance at 408.85 levels. Later prices fell sharply towards 400.65 levels and...