CommodityOnline

MCX Crude oil May as seen in the weekly chart above has opened the week at 6,266 levels and during this week price made a low of 6,201 levels. Prices could not able to breach the support of 6,200...

For the next week we expect Copper prices to find support in the range of 396 – 395 levels. Trading consistently below 395 levels would lead towards the strong support at 388 levels and then...

MCX Silver May as seen in the weekly chart above has opened the week at 43,040 levels and during this period prices made a low of 41,526 levels. In the later part of the week prices could not able to...

MCX Gold June as seen in the weekly chart above has opened the week at 28,845 levels and during this week prices made a high of 28,986 levels. In later part of the week prices corrected sharply lower...

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...

3 month forward copper prices at LME ended the day at $6619 up by $80 from its previous close. Interestingly the commodity was trading steady until mid European session however, just before the US...

3 month forward LME Zinc prices showed a marginal decline in the prices and ended the day at $2045 down by $8 from its previous close. In the similar lines April future ended at Rs. 123.45 down by Rs....

However, as we proceed, the commodity may eventually remain lower. At least the fall is expected to remain until the mid-European session. Copper’s 3 month prices at the LME fell sharply...

We had a bullish outlook on Aluminum yesterday but, it declined sharply during the early US session when the dollar index surged. The commodity finally ended on a lower note at Rs 110.20, down by...

MCX Nickel price has been trading within the Download-sloping trend line (R) since the past three years forming lower tops and flat bottoms (S). The price has recently broken the previous top and...

MUMBAI: As seen above in daily price chart of MCX Nickel April contract, it was trading in the positive phase from last couple of days. Yesterday we saw that prices have breached the “V...

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...