TODAY COMMODITY MARKET REPORT & LEVELS 30 DEC 2016.

COMMODITY MARKET OUTLOOK

Gold prices crawled in the range after prices open up as supported by a softer dollar and short-covering.

Base Metal Silver prices edged up tracking firmness in gold as subdued cash demand and investor short-covering helped offset a stronger U.S. dollar.

Crude oil prices extended gains less than a week before major global oil producers begin to scale back production in line with the deal they struck last month.

Copper dropped as investors fretted about demand growth in China and took profits ahead of the Christmas break.

Zinc gained amid expectations of stronger demand in top consumer China persuaded buyers to return to the market.

Nickel prices dropped as pressure seen weighed by any relaxation in Indonesia’s export ban on nickel ore.

Natural gas surged up by 2.23% to settled at 261.80 to the highest price in two years on expectations a blast of cold air next month.

Commodity Market update:-

GOLD

PP-27282

R1- 27364                                   S1-27217

R2- 27429                                   S2-27135

SILVER

PP-39339

R1- 39608                                    S1-39151

R2- 39796                                    S2-38882

 CRUDE OIL

PP-3694

R1- 3725                                       S1-3676

R2- 3743                                       S2-3635

 NATURAL GAS

PP-258.7

R1- 265.4                                        S1-254.9

R2- 269.6                                        S2-248.0

COPPER

PP-378.7

R1- 381.9                                         S1-375.1

R2- 385.5                                         S2-371.9

BROKEN INTO THE INTERNATIONAL MARKET, CRUDE ,GOLD STEADY | TODAY COMMODITY MARKET UPDATE 29 DEC 2016.

COMMODITY MARKET OUTLOOK

SPDR Gold Trust GLD, the world's largest gold-backed exchange traded fund, said its holdings stood at 823.36 tonnes, remain unchanged from previous business day.

Holdings of the largest silver backed exchange-traded-fund (ETF), New York's iShares Silver Trust SLV, stood at 10617.12 tonnes, remain unchanged from previous business day.

Industrial metals prices rose on Wednesday as recent losses, falling stocks and expectations of stronger demand in top consumer China persuaded buyers to return to the market.

Crude oil prices edged up for a fourth consecutive session on Wednesday, close to their highest levels since mid-2015, ahead of U.S. oil inventory figures and as the market awaits evidence of OPEC supply reductions in the New Year.

Commodity Market update:-

GOLD

PP-27283

R1- 27348                                   S1-27239

R2- 27391                                   S2-27185

SILVER

PP-40175

R1- 40573                                    S1-39959

R2- 40799                                    S2-39632

CRUDE OIL

PP-3694

R1- 3719                                       S1-3683

R2- 3732                                       S2-3663

NATURAL GAS

PP-258.9

R1- 264.6                                        S1-256.7

R2- 267.8                                        S2-252.2

COPPER

PP-378.7

R1- 380.9                                         S1-375.8

R2- 383.3                                         S2-373.9

NCDEX MARKET TIPS | TODAY AGRI COMMODITY MARKET UPDATE 29 DEC 2016.

AGRI   COMMODITY MARKET OUTLOOK

Jeera futures traded higher for second consecutive session, tracking good demand in physical market. The demand for exports has supported Jeera prices even as good sowing progress is now weighing on prices.

Mentha oil prices slid as trimming of positions by participants due to fall in demand from consuming industries in spot market, mainly helped Mentha oil prices to trade lower at futures trade.

Production of soybean has been estimated at 10.6 mln tn, up from 7.2 mln tn a year ago. Soybean accounts for nearly 60% of kharif oil seed basket. Even though acreage under soybean was lower this year, output is likely to rise due to higher yields.

NCDEX Market update:-

JEERA

PP- 17480

R1- 17600                                              S1-17400

R2- 17680                                              S2-17280

TURMERIC

PP- 6792

R1- 6840                                                 S1-6740

R2- 6910                                                 S2-6680

CORIANDER

PP- 7395

R1- 7458                                                  S1-7294

R2- 7560                                                  S2-7230

SOYBEAN

PP- 3031

R1- 3045                                                 S1-3020

R2- 3056                                                 S2-3006

MUSTERED OIL

PP- 4300

R1- 4332                                                S1-4266

R2- 4356                                                S2-4226

GAUR SEED

PP- 3229

R1- 3260                                                 S1-3175

R2- 3290                                                 S2-3120

CRUDE PRICES STILL ON THE RISE ,GOLD PLATED | TODAY COMMODITY MARKET UPDATE 28 DEC 2016.

COMMODITY MARKET OUTLOOK

Gold prices rose on weak Japanese inflation data, but trading was thin with traders in the United States returning after the long Christmas weekend.

Silver prices ended with gains as some investors emerged out of the holiday lull to hunt for bargains Crude oil gained drawing support from expectations of tighter supply once the first output cut deal between OPEC and non-OPEC producers.

Copper gained as prices recovered on short covering after prices dropped in last some sessions on concerns about demand growth in China.

 Zinc settled up reversing the previous day's losses after speculators signalled an end to widespread profit taking spurred by recent meteoric run-ups.

Nickel settled up by 1.82% reversing its losses on short covering after prices dropped on concerns about demand Spices growth in China.

Natural gas settled up by 1.47%, surging in light trading session as forecasts turned colder.

Commodity Market update:-

GOLD

PP-27227

R1- 27373                                   S1-27015

R2- 27575                                   S2-26859

SILVER

PP-39039

R1- 39448                                    S1-38764

R2- 39778                                    S2-38410

CRUDE OIL

PP-3657

R1- 3700                                       S1-3632

R2- 3725                                       S2-3589

NATURAL GAS

PP-255.1

R1- 258.5                                        S1-252.6

R2- 261.0                                        S2-249.2

COPPER

PP-376.6

R1- 383.4                                         S1-372.3

R2- 387.7                                         S2-365.5

STRONG RALLY IN GOLD AND SILVER , CRUDE IDLLING | TODAY COMMODITY MARKET UPDATE 27 DEC 2016.

COMMODITY MARKET OUTLOOK

On Hourly chart, MCX Gold price has given breakdown of its rising channel pattern at 27040 levels. Furthermore, COMEX Gold prices have been trading below its falling trend line at $1140 levels on hourly chart. Moreover, Momentum Indicator MACD is trading below its signal line on hourly time frame which indicates the possibilities of further downside in the prices. For now we expect prices should move lower towards 26600 levels in the coming trading sessions.

 On 4 hourly charts, MCX Silver price has given breakdown of its falling wedge pattern at 39080 levels. On the other hand, prices are trading below 50 HEMA. Furthermore, COMEX Silver price has given breakdown of its horizontal trend line at $16 levels on hourly chart. In addition, momentum indicator MACD has given negative crossover on 4 hourly charts, which indicates lack of strength in the prices. For now we expect prices to move lower towards 37600 levels in few trading sessions.

 MCX Copper price has shown breakdown of its descending triangle pattern at 383 levels on daily chart. Moreover, COMEX Copper prices are trading in falling channel pattern. In addition MCX Copper prices are trading below its 21 HEMA. Furthermore, momentum indicator MACD has shown negative crossover on daily time frame, which suggest further weakness in the momentum can be seen. For now we expect prices to move lower towards 362 levels in coming trading sessions.

MCX Crude Oil prices has been trading in rising wedge pattern and taking support of its lower band of wedge pattern at 3550 levels on hourly chart. MCX Crude Oil is trading above its 100 HEMA on hourly chart. On the other hand, NYMEX WTI Crude oil price has taken support of its rising trend line at $52.40 levels. Moreover, Momentum indicator RSI is trading above 50 levels on hourly chart which suggest the positive movement in the prices. For now we expect prices to move higher towards 3710 levels in coming trading sessions.

Commodity Market update:-

GOLD

PP-26982

R1- 27150                                   S1-26790

R2- 27350                                   S2-26700

SILVER

PP-39768

R1- 38992                                    S1-38371

R2- 39389                                    S2-38147

CRUDE OIL

PP-3615

R1- 3624                                       S1-3603

R2- 3636                                       S2-3594

NATURAL GAS

PP-248.8

R1- 250.5                                        S1-246.6

R2- 252.7                                        S2-244.9

COPPER

PP-368.2

R1- 371.4                                         S1-365.7

R2- 373.8                                         S2-362.5

GOOD BOUNCE IN GOLD ,CRUDE MARGINALLY | TODAY COMMODITY MARKET LEVELS UPDATE 26 DEC 2016.

COMMODITY MARKET OUTLOOK

Gold prices edged higher as the dollar retreated from 14-year high and some buyers were tempted to take advantage lower prices.

Silver prices dropped tracking weakness in base metals prices and traders remained away more clues on the outlook for interest rates.

Crude oil traded in the range as the market waits to see how OPEC manages its planned output cuts with Libya expecting to boost production.

Copper prices dropped as growing doubts about demand growth in top consumer China reinforced the idea that recent gains were overdone.

Zinc prices dropped as profit-taking and book-squaring towards year-end weighing on prices.

Nickel prices dropped on profit booking after prices remained supported as the nickel supply chain continues to Spices tighten.

Natural gas prices ended with gains with traders betting that winter cold is eating into a long-standing glut.

Commodity Market update:-

GOLD

PP-26982

R1- 27054                                   S1-26922

R2- 27114                                   S2-26850

SILVER

PP-39768

R1- 38982                                    S1-38371

R2- 39389                                    S2-38147

CRUDE OIL

PP-3587

R1- 3619                                       S1-3564

R2- 3642                                       S2-3532

NATURAL GAS

PP-246.5

R1- 252.9                                        S1-241.4

R2- 258.0                                        S2-235.0

COPPER

PP-374.3

R1- 376.1                                         S1-371.2

R2- 379.4                                         S2-369.0

HOW WAS 2016 OF WHICH WILL STRONGLY COMMODITY RETURNS ! MCX MARKET NEWS UPDATE 24 DEC 2016.

COMMODITY MARKET NEWS

Notbandi, the hot topic of discussion in the country is a word. Cash shortage household budget every business ranging from small to large is affected. Sale in markets has been slow to move. Shortage of food items in the cache with the incoming demand has plummeted. Before sowing of Rabi crops are strong figures, while holding prices, so these will continue to decline.

Solvent Extraction Association said edible oil imports have declined. Palm oil imports in November fell 8.27 percent. Soy oil, sunflowers oil and oil imports Repseed is less. Edible oil imports in November last year was 13.37 million tones, 11.75 million tons this year, imports. Good yields of oil seeds are expected to decline. Domestic edible oil supply is expected to improve. Soy oil imports in November last year was 2.57 lakh tones, 1.64 million tonnes this year, imports.

COMMODITY MARKET TIPS

INTERNATIONAL MARKET CRUDE ROSE GOLD FELL | TODAY COMMODITY MARKET UPDATE 23 DEC 2016.

COMMODITY MARKET OUTLOOK

Gold prices ended with small losses as pressure continues amid expectations that the U.S. Federal Reserve will opt for more interest rate hikes in 2017.

Silver prices eased as the dollar advanced in choppy trade and on expectations that the U.S. Federal Reserve will further raise interest rates.

Crude oil gained supported by strong U.S. economic data and optimism that crude producers would abide by an agreement to limit output.

Copper recovered on short covering while still remains on the back foot after China reported drop in imports and on concerns of oversupply.

Zinc gained on short covering after prices dropped earlier after update that China steel prices retreated due to caution over future closures.

Nickel dropped as investors locked in profits tracking LME nickel prices slipped 1.2 percent to $10,730 a tonne.

Natural gas gained after data showed that natural gas supplies in storage in the U.S. fell much more than the five year average for this time of year last week.

mcx market tips

Commodity Market update:-

GOLD

PP-26970

R1- 27078                                   S1-26860

R2- 27188                                   S2-26752

SILVER

PP-39076

R1- 39292                                    S1-38755

R2- 39616                                    S2-38539

CRUDE OIL

PP-3594

R1- 3636                                       S1-3565

R2- 3665                                       S2-3523

NATURAL GAS

PP-241.8

R1- 245.2                                        S1-237.3

R2- 249.7                                        S2-233.9

COPPER

PP-374.7

R1- 379.2                                         S1-372.2

R2- 381.7                                         S2-367.7

CRUDE IN THE INTERNATIONAL MARKET FELL, GOLD STEADY | TODAY MCX MARKET REPORT UPDATE 22 DEC 2016.

COMMODITY MARKET OUTLOOK

Gold prices remained under pressure as a firm U.S. dollar and the possibility of further U.S. interest rate hikes next year continued to weigh.

Silver prices dropped tracking weakness in base metals and crude oil prices as a leading dollar index revived its run to fresh 14-year highs.

Crude oil dropped as prices declined after data showed a surprise increase in U.S. crude supplies last week.

Copper remained under pressure from worries about an oversupplied market and funds cutting bets on higher prices over coming days.

Zinc dropped on the concerns about excess supply and pressure seen after China's zinc smelters are accepting record low fees to produce metal amid a shortage of ore.

Nickel dropped tracking weakness from LME Nickel as supply-side issues in Indonesia and the Philippines have again Spices taken centre stage in the nickel market.

Natural gas regained to settle up 5.78% at 238.10 rose with traders betting that winter cold is eating into a longstanding glut.

Commodity Market update:-

GOLD

PP-27056

R1- 27140                                   S1-26905

R2- 27291                                   S2-26821

SILVER

PP-39323

R1- 39580                                    S1-38883

R2- 40020                                    S2-38626

CRUDE OIL

PP-3601

R1- 3640                                       S1-3539

R2- 3701                                       S2-3500

NATURAL GAS

PP-233.8

R1- 242.8                                        S1-229.0

R2- 247.6                                        S2-220.0

COPPER

PP-376.2

R1- 377.6                                         S1-373.9

R2- 379.9                                         S2-372.5

GOLD FELL FROM A STRONGER DOLLAR, CRUDE GAINS | TODAY COMMODITY MARKET LEVELS UPDATE 21 DEC 2016.

COMMODITY MARKET OUTLOOK

Gold fell as the dollar rose and investors sold on expectations of stronger global economic growth and higher U.S. interest rates.

Silver prices dropped as a leading dollar index revived its move to fresh 14-year highs.

Crude oil gained on expectations of a U.S. crude inventory draw, although trading activity was muted as markets  start to wind down ahead of the Christmas.

Copper gained as prices recovers on short covering after prices dropped in slumped to the lowest in four weeks after stockpiles climbed in London.

Zinc prices gained on short covering after prices dropped on update the worldwide zinc market has recorded small surplus during January to October this year.

Nickel prices gained as support seen due to supply tightness and environmental crackdowns in the Philippines.

Natural gas prices dropped as forecasts for less cold weather and lighter heating demand through the end of the year dragged down prices.

Commodity Market update:-

GOLD

PP-27113

R1- 27211                                   S1-27032

R2- 27292                                   S2-26934

SILVER

PP-39218

R1- 39766                                    S1-38877

R2- 40107                                    S2-38329

CRUDE OIL

PP-3637

R1- 3675                                       S1-3602

R2- 3710                                       S2-3564

NATURAL GAS

PP-225.8

R1- 230.5                                        S1-220.5

R2- 235.8                                        S2-215.8

COPPER

PP-376.3

R1- 379.2                                         S1-374.3

R2- 380.2                                         S2-371.4