CommodityOnline

MCX Crude oil May as seen in the weekly chart above has opened the week at 6,260 levels and during this week price made a high of 6,322 levels. Prices could not able to breach the resistance levels of...

MCX Copper June as seen in the weekly chart above has opened at 410.75 levels and during this week prices made a low of 408.70 levels. In the mid of the week as expected prices bounced from the lower...

MCX Silver July as seen in the weekly chart above has opened the week at 42,730 levels and during this period prices made a low of 42,531 levels. In the week prices rallied sharply towards the weekly...

MCX Gold June as seen in the weekly chart above has opened the week at 28,425 levels and during this week prices made a low of 28,282 levels. During this week prices could not able sustain on lower...

This morning at e-ICE the July contract is seen trading at 93.20 no major change from its previous close while in India the May future at MCX platform is trading at Rs. 21160 up by Rs. 160 from its...

3 month forward LME Zinc prices traded positive and ended the session at $2081 up by $19 from its previous close. We believe the commodity has the potential to trade higher and we recommend buying...

We held a bearish view on copper in the last trading session. Copper prices were seen trading down until the mid-European session however, after making an intraday low of $6605 prices reversed and...

Aluminum: We had suggested a buy view on aluminum yesterday which ended at $1891, up by $25 from its previous close. We could see broad based buying in all the metals, which also supported aluminum to...

The adjacent chart shows the price movement of MCX nickel on the continuous chart. Nickel has done a sharp pull-back in the last few weeks. In terms of the Fibonacci retracement the pullback has...

The above Daily chart of Lead suggest that prices has breached the crucial resistance of 128 level. RSI is in a buy mode. We expect prices to go up to levels of 132.

Copper had been one of the major underperformers among base metals in 2014, having declined over 10% and during the past week, it closed near the $6650 / MT mark. It was lower last week as well having...

The week began with a marginal bearish tone for the metal which is trading at $1864 down by $11 from its previous week’s close. We believe this may have been a temporary loss while the...

Silver settled down -0.83% at 42027 slid in tandem with losses in gold and platinum group metals. Due to Monday's drop, silver has reversed its gains and is lower on the year. In Ukraine, an agreement...

Gold settled flat at 28527 dropped from the day's high after a forward-looking U.S. economic indicator came in slightly better than expected and gave the dollar support. The metal was also hurt by a...

On the daily chart, prices have reversed after taking resistance of 29000 level. Daily RSI is in a sell mode and prices are trading below the short term averages. We recommend a sell around 28500...

Copper is in a downtrend from the medium-term perspective. The fall is breaking up into lower degree waves. As a result the price has fallen below the multiple supports. However, the red metal has...