tag:blogger.com,1999:blog-297948549248879122024-02-19T12:44:40.626+05:30Shubhlaxmi CommodityShubhlaxmihttp://www.blogger.com/profile/07838173544294790398noreply@blogger.comBlogger135125tag:blogger.com,1999:blog-29794854924887912.post-48832322052495821142016-06-28T13:31:00.002+05:302016-06-28T13:31:15.703+05:30MCX Crude Technical Comment For 28 June 2016<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgmqzIEUJ_R3QhKAwu2gKEKKjdKw0dmuevzOWJqYLJnVxl2IuJUcylMFR3ZbpXTm7sM_cSBb8M4D1keLbYo6ZkbsbOAN-cYbmLUDI0ioyfIsbWZ9szCkQ1a7apPSaT9Y7x26IPeNWUqWhs/s1600/natural-gas.jpg" imageanchor="1"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgmqzIEUJ_R3QhKAwu2gKEKKjdKw0dmuevzOWJqYLJnVxl2IuJUcylMFR3ZbpXTm7sM_cSBb8M4D1keLbYo6ZkbsbOAN-cYbmLUDI0ioyfIsbWZ9szCkQ1a7apPSaT9Y7x26IPeNWUqWhs/s1600/natural-gas.jpg" /></a><br />
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Crude Oil declined sharply on Monday eradicating most of the losses cumulated in the last week. The prices closed at Rs 3140 per barrel, down 3.86%. The prices topped at Rs 3265 per barrel before settling at Rs 3140 per barrel. The session on Tuesday is not expected to gain further. Crude can again be in a bearish zone. Further losses can take the prices towards Rs 3000 and Rs 2950 per barrel. On the higher side Rs 3250 is the cap for Crude Oil. Technicals for Crude Oil on a daily basis suggest continuation of bearish zone that can take it below Rs 3000 if reversal does not happen.</div>
Shubhlaxmihttp://www.blogger.com/profile/07838173544294790398noreply@blogger.com0tag:blogger.com,1999:blog-29794854924887912.post-46528049413971498152016-05-18T09:59:00.001+05:302016-05-18T09:59:41.459+05:30Crude oil Preview WTI Futures Above $48 In Asia<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjdzTkOPStiKSB61Qc514YTwlMhOU-Ep47Y1V9bgJ34-eeNRMuQ-X7Cryab5eysZMPQY4vsWN_MvfjIfEBtVuxiqooRzZZ-kEQS4pyazbuXZNANCdXWC9z8I09B9KZiMQRYKNYA0_beI6g/s1600/Crude-Oil-1.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjdzTkOPStiKSB61Qc514YTwlMhOU-Ep47Y1V9bgJ34-eeNRMuQ-X7Cryab5eysZMPQY4vsWN_MvfjIfEBtVuxiqooRzZZ-kEQS4pyazbuXZNANCdXWC9z8I09B9KZiMQRYKNYA0_beI6g/s400/Crude-Oil-1.jpg" width="400" /></a></div>
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Oil futures rose towards fresh six month highs in Asia. The commodity has been well supported on supply worries as reports released by global agencies in last week have highlighted a near term moderation in supplies. The commodity is quoting at $48.39 per barrel right now, up 1.40% on the day. Strong equities are also boosting sentiments. MCX Crude oil futures ended around Rs 3180 per barrel and should spurt above Rs 3200 levels in early moves.
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Futures market traders and large oil speculators sharply cut their overall bullish bets in WTI oil futures last week for a second straight week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday. The non-commercial contracts of crude oil futures, traded by large speculators, traders and hedge funds, totaled a net position of +291,960 contracts in the data reported for May 10th. This was a change of -26,584 contracts from the previous week’s total of +318,544 net contracts for the data reported through May 3rd.
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For the week, the standing non-commercial long positions in oil futures fell by -8,224 contracts and combined with the short positions that rose by 18,360 contracts to total the overall weekly net change of -26,584 contracts. In the commercial positions for oil on the week, the commercials (hedgers or traders engaged in buying and selling for business purposes) decreased their existing bearish positions to a net total position of -291,621 contracts through May 10th. This is a weekly change of +23,586 contracts.</div>
Shubhlaxmihttp://www.blogger.com/profile/07838173544294790398noreply@blogger.com0tag:blogger.com,1999:blog-29794854924887912.post-4466309693575507872016-04-22T12:37:00.004+05:302016-04-22T16:29:22.317+05:30Indian Rupee Extends Slide On Increased Dollar Demand<h3 style="text-align: center;">
<b><i>Indian Rupee: Extends Slide On Increased Dollar Demand
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The Indian rupee extended slide against the dollar in early trades on Friday, 22 April 2016 on increased demand for the American currency from importers and banks. A firm dollar against some global currencies overseas and a lower opening of the domestic equity market weighed. The domestic currency opened at Rs 66.49 against the dollar and dipped to a low of 66.57 so far during the day. In the spot market, the Indian unit was last seen trading at 66.5350. The rupee had dropped by 18 paise to end at 66.40 in yesterday`s trade on fresh demand for the US dollar from banks and importers despite weakness in the greenback overseas.
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Domestic benchmark indices drifted lower in early trade on negative Asian stocks. At 9:21 IST, the Sensex was down 72.47 points or 0.28% at 25,807.91. The Nifty 50 index was currently down 21.30 points or 0.27% at 7,890.75.
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In overseas markets, Asian markets were trading lower following overnight losses in US stocks. US stocks closed lower yesterday, 21 April 2016, as big declines in defensive sectors such as consumer staples, telecoms and utilities weighed on the main indexes. In Europe, the European Central Bank (ECB) yesterday, 21 April 2016 left official interest rates unchanged, as expected. The ECB left the interest rate on its main refinancing operations at 0%, the interest rate on its marginal lending facility at 0.25%, and the interest rate on its deposit facility at minus 0.4%. The announcement came after close of Indian market hours yesterday, 21 April 2016.
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Meanwhile, the dollar turned higher against other currencies Thursday, after solid U.S. economic data sparked concerns that the Federal Reserve may raise interest rates in coming months.</div>
Shubhlaxmihttp://www.blogger.com/profile/07838173544294790398noreply@blogger.com0tag:blogger.com,1999:blog-29794854924887912.post-57559276813591455462016-04-22T12:33:00.005+05:302016-04-22T16:29:34.738+05:30Indian Gold Contract Rises for Fifth Consecutive Session<h2 style="text-align: center;">
<b><i>Indian Gold Contract Rises for Fifth Consecutive Session
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Indian Gold prices closed with gains under its belt. The prices ended at Rs 29350 per 10 grams, up 0.11%. Indian Gold contract followed the footsteps of COMEX in terms of rise. COMEX Gold ended at crucial levels of $ 1250.90 per troy ounce.
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The recovery hopes in the world economic growth is paving way to Gold apart from Silver that is outperforming the markets. Silver futures are up about 24% this year, outperforming gold`s more than 18% rise. Gold futures on the other hand also promised gains to investors and joined the bandwagon. The prices shined by 8% on COMEX at $ 1262.2 per troy ounce when last checked.
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In US, after reporting a sharp increase in new residential construction in the previous month, the Commerce Department released a report on Tuesday showing that U.S. housing starts pulled back by much more than expected in March. The report said housing starts tumbled by 8.8 percent to an annual rate of 1.089 million in March after jumping by 6.9 percent to a revised 1.194 million in February.
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Economists had expected housing starts to dip by about 0.9 percent to a rate of 1.167 million compared to the 1.178 million originally reported for the previous month. With the steeper than expected pullback, housing starts gave back ground after reaching a five-month high in February.</div>
Shubhlaxmihttp://www.blogger.com/profile/07838173544294790398noreply@blogger.com0tag:blogger.com,1999:blog-29794854924887912.post-14059850549318648712016-04-22T12:29:00.004+05:302016-04-22T16:29:47.127+05:30Crude Oil Ends Unchanged on Thursday Session<h3 style="text-align: center;">
<span style="font-weight: normal;"><i>Crude Oil Ends Unchanged on Thursday Session
</i></span><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgPFrZJWIQZrHyqmtg6WDocXnoZKnAjm9X_04w2ZRqWXfxEmNOHWUhz6UgM-yggchZBZvxLDRm-Y78LtBspjflF1iurE7ul2r4DrzY0sWetIYAK8P2E__QogtP-MGSdM6Fzpnz7UlQ8cmw/s1600/Crude-Oil-4.jpg" imageanchor="1"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgPFrZJWIQZrHyqmtg6WDocXnoZKnAjm9X_04w2ZRqWXfxEmNOHWUhz6UgM-yggchZBZvxLDRm-Y78LtBspjflF1iurE7ul2r4DrzY0sWetIYAK8P2E__QogtP-MGSdM6Fzpnz7UlQ8cmw/s1600/Crude-Oil-4.jpg" /></a></h3>
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Crude oil prices were little changed Thursday morning after the European Central Bank announced it would implement the planned expansion of its asset purchasing program. At the same time, the ECB held steady on interest rates. WTI June crude oil was down 2 cents at $44.16, keeping most gains from a furious rally that took prices to their highest in 2016.
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Indian Crude Oil May futures were down by Rs 19 per barrel and ended at Rs 2900 per barrel; in a single session. From current, a high of Rs 2950 and 3000 per barrel is on cards for Crude Oil as next level of resistance.
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A weaker dollar and data suggesting increased demand from China helped prevent a pull back. China said Thursday that crude-oil imports in March totaled 7.7 million barrels a day, up 21.6% from a year earlier.
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Crude lackluster performance ended in a single day as MCX futures saw a leap of almost 4% to reach Rs 2919 per barrel, a level not seen since August 2015. The sharp spike was a ripple effect of Crude Oil rising in the NYMEX markets to new 2016 highs. The undercurrent became bullish soon after the news hit the markets that Crude Oil inventories increased less than expected.
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The U.S. Energy Information Administration reported a 2.1 million-barrel climb in crude-oil supplies for the week ended April 15. That`s less than the 3 million-barrel increase reported by industry watcher API. June WTI oil gained $1.71, or 4%, to settle at $44.18/bbl.
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The markets of Crude Oil has become such that every trigger of hope will be bought ferociously by the traders, no matter how small it may be. Prices rallied even though Kuwait oil workers ended their 3-day strike. Also, there was no deal reached over the weekend to freeze oil supplies from Saudi Arabia and Russia.</div>
Shubhlaxmihttp://www.blogger.com/profile/07838173544294790398noreply@blogger.com0tag:blogger.com,1999:blog-29794854924887912.post-35864910927886657792016-04-22T12:19:00.005+05:302016-04-22T16:29:59.100+05:30Copper Remains Bullish As World Markets Overcome Slow Growth Fears<h3 style="text-align: center;">
<span style="font-weight: normal;"><i>Copper Remains Bullish As World Markets Overcome Slow Growth Fears</i></span> <a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhPbLWQh0Dx61dTaPKgG-9sNLYW5vz7YwBGHGgriVPxmKknssQe27xrGCljFYO_69noXK7x49ekYZDct6s_BQ68pQsA2KdK5W1aYpaxGEdCMGzT0O91mJ66DQazioyLBYY7fLcjnU4_P_U/s1600/copper-10.jpg" imageanchor="1"><img border="0" height="425" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhPbLWQh0Dx61dTaPKgG-9sNLYW5vz7YwBGHGgriVPxmKknssQe27xrGCljFYO_69noXK7x49ekYZDct6s_BQ68pQsA2KdK5W1aYpaxGEdCMGzT0O91mJ66DQazioyLBYY7fLcjnU4_P_U/s640/copper-10.jpg" width="640" /></a></h3>
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Indian Copper prices ended at Rs 330.75 per kg, up 1.02%. The prices are gaining momentum to now test Rs 336 per kg. When last checked Copper had gains of 1.24% under its belt. Comex Copper was also up 1.5% to trade at $ 2.27 per pound.
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Copper prices remained bullish in the session and tried to test new avenues not seen since August last year. World stock markets climbed to their highest in almost five months on Thursday after a surge in oil prices boosted risk appetite, while the euro steadied ahead of a European Central Bank meeting. This has created a buying spree in riskier asset classes like Copper.
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The latest released reports from International Copper Study Group (ICSG) mentioned that global world refined copper market showed a 56,000-tonne surplus in January, compared with a 50,000-tonne deficit in December, the International Copper Study Group (ICSG) said in its latest monthly bulletin.
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World Bureau of Metal Statistics (WBMS) has come out with its report on metals. The agency has mentioned that copper market recorded a surplus of 120000 tonnes in January to February 2016 which follows a surplus of 463000 tonnes in the whole of 2015. Reported stocks rose during February and closed 107000 tonnes higher than at the end of December 2015.
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World mine production in January to February 2016 was 3.27 million tonnes which was 7.9 per cent higher than in the same period in 2015. Global refined production rose to 3.97 million tonnes up 8.3 per cent compared with the previous year with a significant increase recorded in China (up 203 kt) and Chile (up 15 kt).
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Global consumption for January to February 2016 was 3850 kt compared with 3434 kt for the same months of 2015. Chinese apparent consumption in January to February 2016 rose by 483 kt to 2033 kt compared to the same months of 2015 which represented 53 per cent of global demand. EU28 production fell by 0.4 per cent and demand was 493 kt, 5.5 per cent below the January to February 2015 total.</div>
Shubhlaxmihttp://www.blogger.com/profile/07838173544294790398noreply@blogger.com0tag:blogger.com,1999:blog-29794854924887912.post-66914266801216639002016-02-25T10:08:00.002+05:302016-02-25T10:08:38.732+05:30US Crude Inventories Stay At Record Highs<div style="text-align: justify;">
US crude oil stocks stayed at a second consecutive record high last week, data from the Energy Information Administration (EIA) showed. Crude inventories rose 3.5 million barrels to about 507 million barrels in the week to February 19. Crude stocks at the Cushing, Oklahoma, delivery hub for US crude futures rose 333,000 barrels to 65.1 million, the fourth straight week of hitting record highs, the EIA said. However, gasoline stocks fell after building to record highs for three straight weeks, drawing down 2.2 million barrels</div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjDWdkYSHthhrHQXpRQm-N4YseujUeAXUkVFiUWlgP8euSRd2qGPxcGVk2GrywwNOldnxStk0Qw_uUCGAfe5am0n6VqRSV9Uy-LoU3s9q3Aah9bAsHDIrBEMnR4aY8lptfYbYSblpIHyQA/s1600/crude-oil-2.jpg" imageanchor="1"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjDWdkYSHthhrHQXpRQm-N4YseujUeAXUkVFiUWlgP8euSRd2qGPxcGVk2GrywwNOldnxStk0Qw_uUCGAfe5am0n6VqRSV9Uy-LoU3s9q3Aah9bAsHDIrBEMnR4aY8lptfYbYSblpIHyQA/s1600/crude-oil-2.jpg" /></a></div>
Shubhlaxmihttp://www.blogger.com/profile/07838173544294790398noreply@blogger.com0tag:blogger.com,1999:blog-29794854924887912.post-32363106636353519942016-02-24T11:07:00.000+05:302016-02-24T11:07:02.670+05:30MCX Gold Technical Comment 24 Feb 2016<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj0BzBh4s2fstIfPyNwJngEVsDMLxnkHIGXvWNFsGiQHqf2Lsh5J7olk27QMByBI3YWY-OhyphenhyphenXEjZrWJgIGLoxIsUPvJK0yLTCVhRW9a0Jo4P5EkVW9YWD01orN_k9cQNe8c5ZcbxhYeR3U/s1600/Gold20.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj0BzBh4s2fstIfPyNwJngEVsDMLxnkHIGXvWNFsGiQHqf2Lsh5J7olk27QMByBI3YWY-OhyphenhyphenXEjZrWJgIGLoxIsUPvJK0yLTCVhRW9a0Jo4P5EkVW9YWD01orN_k9cQNe8c5ZcbxhYeR3U/s1600/Gold20.jpg" /></a></div>
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The yellow metal gained to Rs 29302 per 10 grams on 23 Feb 2015 against Rs 28966 per 10 grams on 22 February 2016. The prices were dull at the start of trades but picked momentum afterwards on the back of bargain buying. The prices of Gold are facing resistances at Rs 29400 per 10 grams and 29500 per 10 grams. The prices tested a low of Rs 29000 and a high of Rs 29397 per 10 grams. Open Interest was 9055 against 8547 on 22 Feb 2016. The prices are expected to face supports of Rs 28800 per 10 grams</div>
Shubhlaxmihttp://www.blogger.com/profile/07838173544294790398noreply@blogger.com1tag:blogger.com,1999:blog-29794854924887912.post-57278641579990670992016-02-24T11:04:00.002+05:302016-02-24T11:04:12.228+05:30MCX Crude Technical Comment 24 Feb 2016<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhHVibgp69qawQF_L88YFlemVOCcqY394tVP_DBt7O-Ot_iU8D51cRZ8y3l9gYC6O39njGstC09VBTKSISS1zy9VSs2Wd5DUYhPwY3-_UxVnq2dqoQrAn6HMJ4GHb2Q_kwmQLwJCW0NTFs/s1600/Crude-Oil-5.jpg" imageanchor="1"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhHVibgp69qawQF_L88YFlemVOCcqY394tVP_DBt7O-Ot_iU8D51cRZ8y3l9gYC6O39njGstC09VBTKSISS1zy9VSs2Wd5DUYhPwY3-_UxVnq2dqoQrAn6HMJ4GHb2Q_kwmQLwJCW0NTFs/s1600/Crude-Oil-5.jpg" /></a><br />
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Crude oil on Wednesday showed trend of bearishness. Supports emerging at Rs 2200 per barrel were broken during the day. The prices closed exactly at Rs 2200 per barrel. Open interest regained on Tuesday an indicator that selling came with increase in short positions. Even the volumes gained sharply. Open interest was 23230 on 23 Feb 2016 against 20524 on 22 Feb 2016. Crude Oil tested a high of Rs 2316 per barrel and a low of Rs 2192 per barrel. The prices closed at Rs 2200 per barrel on 23 Feb 2016 against Rs 2329 per barrel on 22 Feb 2016.</div>
Shubhlaxmihttp://www.blogger.com/profile/07838173544294790398noreply@blogger.com0tag:blogger.com,1999:blog-29794854924887912.post-6076100992076318412016-02-24T10:57:00.004+05:302016-02-24T10:57:35.207+05:30MCX Copper Technical Comment 24 Feb 2016<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjGjvYSQdvKSCnPWk08vOirptITdUy6quWK_iDwHvUtogJaoggVcU6EK10A5-TkV_yo1wW49NGKKtldy8X6AP_ZApeO9-43rgfk23oSvPOL7SaoL3icD7shM3f9MSPVU-sJK-jkXC5Gagg/s1600/copper-14.jpg" imageanchor="1"><img border="0" height="640" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjGjvYSQdvKSCnPWk08vOirptITdUy6quWK_iDwHvUtogJaoggVcU6EK10A5-TkV_yo1wW49NGKKtldy8X6AP_ZApeO9-43rgfk23oSvPOL7SaoL3icD7shM3f9MSPVU-sJK-jkXC5Gagg/s640/copper-14.jpg" width="640" /></a><br />
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MCX Copper declined during Tuesday session after making ninth consecutive days of gained. The prices tested levels of Rs 320.40 per kg as highs and Rs 317 per kg as a low. Copper February expiry contract closed at Rs 319.20 per kg on 23 Feb 2016 against Rs 320.80 per kg on 22 Feb 2016. Volumes declined sharply on the day when losses were registered. The total volumes were 31335 lots on 23 Feb 2016 against 37504 lots on 22 Feb 2016. Open interest declined to 13575 on 23 Feb 2016 against 14334 on 22 Feb 2016.</div>
Shubhlaxmihttp://www.blogger.com/profile/07838173544294790398noreply@blogger.com0tag:blogger.com,1999:blog-29794854924887912.post-90880459371501473312015-10-19T10:17:00.001+05:302015-10-19T10:17:27.377+05:30MCX Crude Technical Comment For 19 Oct 2015<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhdQS0hHd0MouLA8lhYIyWGbha7cDL297Ku8e7BP8jLjx6dESLaOGPMhiBXrotC1-84jgw7zFi8pYSlWsbZSw7NufdtPF6yMVs_ara4Q0C8IUebhCeI1Ecn_1gmsEAvyeIgy7k3GyVVagg/s1600/Crude-Oil.jpg" imageanchor="1"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhdQS0hHd0MouLA8lhYIyWGbha7cDL297Ku8e7BP8jLjx6dESLaOGPMhiBXrotC1-84jgw7zFi8pYSlWsbZSw7NufdtPF6yMVs_ara4Q0C8IUebhCeI1Ecn_1gmsEAvyeIgy7k3GyVVagg/s1600/Crude-Oil.jpg" /></a><br />
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Prices of Crude Oil gained in the session ending Friday. On MCX benchmark contract ended at Rs 3107 per barrel on 16 October 2015 against Rs 3045 per barrel on 15 Oct 2015. Open interest gained during session ending Friday. Crude Oil tested a high of Rs 3130 and a low of Rs 3049 per barrel. Open interest of Crude Oil was at 9354 on 16 October against 9494 day before. Support for Crude oil is at Rs 3000 while resistance for Crude Oil is at Rs 3150.</div>
Shubhlaxmihttp://www.blogger.com/profile/07838173544294790398noreply@blogger.com0tag:blogger.com,1999:blog-29794854924887912.post-32218295072972569022015-10-19T10:14:00.002+05:302015-10-19T10:14:13.402+05:30Gold Technical Comment For 19 Oct 2015<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiLzqG22mUG94QnAWUaXGM4LhuHiQA6x2JYmdMJemMIsN3ldtCOKFRyVsuoKYCsgSoElmzL34krFWecGBmNqQtpRf-7IR_ycV0OS9OiakvE7H22MLKP5wHHSuw2O_g5TXatIg0-ifLAVWE/s1600/Gold4.jpg" imageanchor="1"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiLzqG22mUG94QnAWUaXGM4LhuHiQA6x2JYmdMJemMIsN3ldtCOKFRyVsuoKYCsgSoElmzL34krFWecGBmNqQtpRf-7IR_ycV0OS9OiakvE7H22MLKP5wHHSuw2O_g5TXatIg0-ifLAVWE/s1600/Gold4.jpg" /></a><br />
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Gold lost in the intraday trades ending Friday. The session saw Gold closing at Rs 27150 per 10 grams on 16 October 2015 against Rs 27257 on 15 October 2015. Resistance for Gold is towards Rs 27280 and Rs 27300. Support in Gold towards Rs 27000 is active. Gold price tested a high of Rs 27225 per 10 grams on 16 October 2015 and a low of Rs 27063 per 10 grams. Open Interest for October contract was at 7966 as on 16 October 2015 against 8124 on 15 Oct 2015.</div>
Shubhlaxmihttp://www.blogger.com/profile/07838173544294790398noreply@blogger.com0tag:blogger.com,1999:blog-29794854924887912.post-40563876967860200232015-10-19T10:10:00.004+05:302015-10-19T10:12:06.697+05:30Copper Technical Comment For 19 Oct 2015<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhvnmQPUMZi0fIoQ67hPiT8Nj4RPOcrCPaWcEXmN_iOQxSDlSKFmRltnuG4Nb0CvLH8guPM26V0RA_UUIS6GNwYfGOCGmfCOpBCwqe3rnKNy09id_98kRJrffrtiKCBev41uhnXljBvUz8/s1600/copper-13.jpg" imageanchor="1"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhvnmQPUMZi0fIoQ67hPiT8Nj4RPOcrCPaWcEXmN_iOQxSDlSKFmRltnuG4Nb0CvLH8guPM26V0RA_UUIS6GNwYfGOCGmfCOpBCwqe3rnKNy09id_98kRJrffrtiKCBev41uhnXljBvUz8/s1600/copper-13.jpg" /></a><br />
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Copper gained on session ending Friday. Copper ended the day at Rs 346.55 on 16 October 2015 against 349.75 per kg on 15 October 2015. On Monday trading gains are expected to get resisted at Rs 352 and 353 per kg. Supports for Copper are at Rs 345 and Rs 343 per kg. The high for Copper on Friday was at Rs 349.8 per kg, and a low of Rs 344.10 per kg was tested. Open interest was at 17193 on 16 October 2015 against on 15628 on 15 October 2015.</div>
Shubhlaxmihttp://www.blogger.com/profile/07838173544294790398noreply@blogger.com0tag:blogger.com,1999:blog-29794854924887912.post-26400214858150998352015-09-24T09:36:00.003+05:302015-09-24T09:36:38.060+05:30Crude oil Technical Comment For 24 Sep 2015<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjQOPU1NBv8KY0OqK6MzPZjGI1NHDk54wfroGczF89_HZeHJQJm20FKE9rHOOG8KZq3KmOSVgP68FZXw44VTm2-4LfvH2iLkjKAJJ5igVQVcRyJfmP5POTYrzHfadWD8DB0xI2DEiAFeBk/s1600/crude-oil.jpg" imageanchor="1"><img border="0" height="478" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjQOPU1NBv8KY0OqK6MzPZjGI1NHDk54wfroGczF89_HZeHJQJm20FKE9rHOOG8KZq3KmOSVgP68FZXw44VTm2-4LfvH2iLkjKAJJ5igVQVcRyJfmP5POTYrzHfadWD8DB0xI2DEiAFeBk/s640/crude-oil.jpg" width="640" /></a><br />
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Prices of Crude Oil lost marginally in the session ending Wednesday. Crude oil closed below Rs 3000 on the trading session ending 23 Sep 2015. On MCX September contract ended at Rs 2983 per barrel on 23 September 2015 against Rs 3031 per barrel on 22 Sep 2015. Open interest gained during session ending Wednesday. Crude Oil tested a high of Rs 3134 and a low of Rs 2970 per barrel. Open interest of Crude Oil was at 18286 on 23 September against 13031 a day before.</div>
Shubhlaxmihttp://www.blogger.com/profile/07838173544294790398noreply@blogger.com0tag:blogger.com,1999:blog-29794854924887912.post-63594010766518112472015-09-24T09:33:00.002+05:302015-09-24T09:33:12.765+05:30Gold Technical Comment For 24 Sep 2015<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjmAAyUlH9-QmULcG63_5CTMnxMvWnkfNfr70-WwcOmWkF2noy6bF5hk_jz9FUrpkxqkZxE6mZvGgu_jZy8UQD2XvdJ_Al2nuOdhRc4cXVPzkM_QPNxkFhZJU0DrVFLSHSNIJnKmL8Qk0I/s1600/Gold8.jpg" imageanchor="1"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjmAAyUlH9-QmULcG63_5CTMnxMvWnkfNfr70-WwcOmWkF2noy6bF5hk_jz9FUrpkxqkZxE6mZvGgu_jZy8UQD2XvdJ_Al2nuOdhRc4cXVPzkM_QPNxkFhZJU0DrVFLSHSNIJnKmL8Qk0I/s1600/Gold8.jpg" /></a><br />
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Gold gained in the intraday trades ending Wednesday. The session Wednesday saw Gold closing at Rs 26467 per 10 grams on 23 September 2015 against Rs 26238 on 22 September 2015. Resistance for Gold is towards Rs 26500 and Rs 26550. Support in Gold towards Rs 26300 is active. Gold price tested a high of Rs 26490 per 10 grams on 23 September 2015 and a low of Rs 26209 per 10 grams. Open Interest for October contract was at 6172 as on 23 September 2015 against 6513 on 22 Sep 2015.</div>
Shubhlaxmihttp://www.blogger.com/profile/07838173544294790398noreply@blogger.com0tag:blogger.com,1999:blog-29794854924887912.post-30866113654417747762015-09-24T09:29:00.000+05:302015-09-24T09:29:19.605+05:30Copper Technical Comment For 24 Sep 2015<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEimgLrZ7BK2Xq-4e5VQ2gUBR_etPp7utuDEdnv2qAOOfpcK5oYLMjF7QgtlWkJe3l7rztls482efOMOMxlD-xxkTYBsoG2c0lOYlquL0PKBI6jPbQZzIWNIhYqMlHfqEuRdY3awWDmAmkk/s1600/copper-9.jpg" imageanchor="1"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEimgLrZ7BK2Xq-4e5VQ2gUBR_etPp7utuDEdnv2qAOOfpcK5oYLMjF7QgtlWkJe3l7rztls482efOMOMxlD-xxkTYBsoG2c0lOYlquL0PKBI6jPbQZzIWNIhYqMlHfqEuRdY3awWDmAmkk/s1600/copper-9.jpg" /></a><br />
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Copper prices critical base of Rs 345 levels has been broken. Copper ended the day at Rs 340.15 on 23 September 2015 against 339.55 per kg on 22 Sep 2015. On Thursday trading gains are expected to get resisted at Rs 342 and 344 per kg. Floor for Copper is at Rs 337 and Rs 335 per kg. The high for Copper on Wednesday was at Rs 343.20 per kg, and a low of Rs 338.50 per kg was tested. Open interest was at 19100 on 23 September 2015 against on 19739 on 22 September 2015.</div>
Shubhlaxmihttp://www.blogger.com/profile/07838173544294790398noreply@blogger.com0tag:blogger.com,1999:blog-29794854924887912.post-62639960923270881592015-09-09T09:50:00.003+05:302015-09-09T09:50:21.755+05:30Gold Technical Comment For 09 Sep 2015<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiseqZ47XhuVDqeRXe8qMv4efT0SknUyrfMCaIA6wX3MJbhtqeWHsqspEQT1YPPq-8b3SnkVlfm_7MZxJVVxpVawLAdfYOoLGxn8aswXBZlsyiGFX-qpl9WysQqVVA82T75sszmDX3nOOc/s1600/Gold2.jpg" imageanchor="1"><img border="0" height="447" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiseqZ47XhuVDqeRXe8qMv4efT0SknUyrfMCaIA6wX3MJbhtqeWHsqspEQT1YPPq-8b3SnkVlfm_7MZxJVVxpVawLAdfYOoLGxn8aswXBZlsyiGFX-qpl9WysQqVVA82T75sszmDX3nOOc/s640/Gold2.jpg" width="640" /></a><br />
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Gold lost marginally in the intra day trades ending Tuesday. The session Tuesday saw Gold closing at Rs 26424 per 10 grams against Rs 26500 on 7 September 2015. Resistance for Gold is towards Rs 26550 and Rs 26600. Support in Gold towards Rs 26380 is active. Gold price tested a high of Rs 26518 per 10 grams on 8 September 2015 and a low of Rs 26386 per 10 grams. Open Interest for October contract was at 7429 as on 8 September 2015 against 7432 on 7 Sep 2015.</div>
Shubhlaxmihttp://www.blogger.com/profile/07838173544294790398noreply@blogger.com0tag:blogger.com,1999:blog-29794854924887912.post-52110023314654035642015-09-09T09:47:00.003+05:302015-09-09T09:50:35.451+05:30Copper Technical Comment For 09 Sep 2015<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjKX1-5ulgfztgKH-E9vliLgLlPZQjwm_BCUxMKSrHiF5tlUHSvNO6SH8eQghox2lHT_rO0PuSIsd4V0vSzft9gc2w2hyphenhyphengX4H0rKXnrieO_xZ-NvUuuxo8i1P-_q5zb-c30kJZal5dKlgU/s1600/copperplates.jpeg" imageanchor="1"><img border="0" height="400" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjKX1-5ulgfztgKH-E9vliLgLlPZQjwm_BCUxMKSrHiF5tlUHSvNO6SH8eQghox2lHT_rO0PuSIsd4V0vSzft9gc2w2hyphenhyphengX4H0rKXnrieO_xZ-NvUuuxo8i1P-_q5zb-c30kJZal5dKlgU/s640/copperplates.jpeg" width="640" /></a><br />
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Copper prices gained on the session ending Tuesday. Copper ended the day at Rs 362.55 on 8 September 2015 against 351.35 per kg on 7 Sep 2015. Prices have gained sharply in last few days. On Wednesday trading gains are expected to get resisted at Rs 365 and 367 per kg. Floor for Copper is at Rs 355 and Rs 352 per kg. The high for Copper on Tuesday was at Rs 364.25 per kg, and a low of Rs 348.40 per kg was tested. Open interest was at 14907 on 8 September 2015 against on 13894 on 7 September 2015.</div>
Shubhlaxmihttp://www.blogger.com/profile/07838173544294790398noreply@blogger.com0tag:blogger.com,1999:blog-29794854924887912.post-82327279326235513442015-09-09T09:44:00.001+05:302015-09-09T09:44:08.838+05:30Crude oil Technical Comment For 09 Sep 2015<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEibMZMkIXLK69hOBG81DdHccMWLnqb8dKfUvBf3-pa95Ko-jXyh__0xLj1lquAQKTJXSaQmzZ2YABXBoaZOei3vcreWHCN8KVUnnO_wl8m21D1rmya334z1kNw8fHVb5gKt5ROZhWwrgIg/s1600/Crude-Oil-3.jpg" imageanchor="1"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEibMZMkIXLK69hOBG81DdHccMWLnqb8dKfUvBf3-pa95Ko-jXyh__0xLj1lquAQKTJXSaQmzZ2YABXBoaZOei3vcreWHCN8KVUnnO_wl8m21D1rmya334z1kNw8fHVb5gKt5ROZhWwrgIg/s1600/Crude-Oil-3.jpg" /></a><br />
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Prices of Crude Oil gained in the session ending Tuesday. Crude oil closed above Rs 3040 on the trading session ending 8 Sep 2015. On MCX September contract ended at Rs 3049 per barrel on 8 September 2015 against Rs 2948 per barrel on 7 Sep 2015. Open interest lost during session ending Tuesday. Crude Oil tested a high of Rs 3095 and a low of Rs 2949 per barrel. Open interest of Crude Oil was at 15495 on 7 September against 20063 a day before.</div>
Shubhlaxmihttp://www.blogger.com/profile/07838173544294790398noreply@blogger.com0tag:blogger.com,1999:blog-29794854924887912.post-30794686543965473382015-08-31T11:26:00.002+05:302015-08-31T11:32:32.463+05:30Copper Technical Comment For 31 Aug 2015<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi26qsZmEqrdc2kZQqBGDcEFXHsjli68oE3MlWUPrQ0zL0hQRQVDFOpNnXwLZzzXVzZtdbPnbu9uSJivF_ePNq0ZhyqpL1WONQMvTFcW8EDGeQ69oygGpQNgCxOvYgP9zfyLaxsIh8hn3Q/s1600/copper3.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi26qsZmEqrdc2kZQqBGDcEFXHsjli68oE3MlWUPrQ0zL0hQRQVDFOpNnXwLZzzXVzZtdbPnbu9uSJivF_ePNq0ZhyqpL1WONQMvTFcW8EDGeQ69oygGpQNgCxOvYgP9zfyLaxsIh8hn3Q/s1600/copper3.jpg" /></a></div>
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<span style="font-family: Verdana, sans-serif;">November expiry Copper prices gained on 28 August 2015 covering lost ground and closing above Rs 345 per kg. Copper ended the day at Rs 348.60 on 28 August 2015 against 345.60 per kg on 27 Aug 2015. On Monday trading gains are expected to get resisted at Rs 352 and 355 per kg. Floor for Copper is at Rs 352 and Rs 340 per kg. The high for Copper on Friday was at Rs 351.80 per kg, and a low of Rs 343.45 per kg was tested. Open interest was up on 28 August 2015. Open interest was at 10440 on 28 August 2015 against on 8372 on 27 August 2015.</span></div>
Shubhlaxmihttp://www.blogger.com/profile/07838173544294790398noreply@blogger.com0tag:blogger.com,1999:blog-29794854924887912.post-85400847795620132432015-08-25T11:08:00.005+05:302015-08-25T11:08:48.328+05:30China gloom leaves Oil shaken and stirred<div class="separator" style="clear: both; text-align: justify;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi2pkp_f6lgUNsFEAPTXNO-asdQEqiSSNZh0Peu3btlRfJ_USxmK28-PTtxNBJBtywUbHNRohFuwCBdGrvCV94bYDvHuip8fM7LlPWAg8I71Kn1uQjlQt4TYRdBHFiQvdVNI8GG17SpXds/s1600/Crude-Oil-6.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><span style="font-family: Verdana, sans-serif;"><img border="0" height="510" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi2pkp_f6lgUNsFEAPTXNO-asdQEqiSSNZh0Peu3btlRfJ_USxmK28-PTtxNBJBtywUbHNRohFuwCBdGrvCV94bYDvHuip8fM7LlPWAg8I71Kn1uQjlQt4TYRdBHFiQvdVNI8GG17SpXds/s640/Crude-Oil-6.jpg" width="640" /></span></a></div>
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<span style="font-family: Verdana, sans-serif;">Oil reeled under severe China turmoil that has pushed global stock, currency and commodity markets into a spin with the fuel accelerating a sell-off in the domestic market on Monday, and plunging to its lowest level in six and a half years in the overseas market.
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<span style="font-family: Verdana, sans-serif;">Traders shunned risky bets in the energy commodity as a worsening rout in China’s stock markets signaled deep rooted problems in the world’s second biggest economy, threatening to curb demand for the fuel.
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<span style="font-family: Verdana, sans-serif;">China’s Shanghai Composite which had tumbled 11 per cent last week, registered its worst drop since 2007 on Monday, tanking 8.5 per cent as policymakers refrained from fresh measures to support the markets.
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<span style="font-family: Verdana, sans-serif;">The China mayhem spread to markets across Asia, Europe and the US with Wall Street posting its biggest drop in four years as the Dow Industrial Average crashed 1,000 points when trade opened, before paring losses.
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<span style="font-family: Verdana, sans-serif;">Investors are concerned that a rout in Chinese equities may spread to other parts of the country’s economy, curbing fuel demand in the world’s second biggest oil consumer.
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<span style="font-family: Verdana, sans-serif;">Amidst worries over a gloomy demand outlook in China, signs that a supply glut may worsen has also plagued sentiment in the fuel with a fifth weekly gain in US oil rig count signaling the prospect of higher production going forward even as stockpiles remain at an 80-year high, while the OPEC seems powerless to stop an oil price slide as big members such as Saudi Arabia pump oil at record levels in a bid to maintain market share amidst stiff competition from US shale producers.
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<span style="font-family: Verdana, sans-serif;">Oil may extend losses today as a continued China stock market rout plagues sentiment.
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<span style="font-family: Verdana, sans-serif;">At the MCX, Crude oil futures, for the September 2015 contract, closed at Rs 2,639 per barrel, down by 1.68 per cent, after opening at Rs 2,672, against the previous close price of Rs 2,684. It touched an intraday low of Rs 2,577.</span></div>
Shubhlaxmihttp://www.blogger.com/profile/07838173544294790398noreply@blogger.com0tag:blogger.com,1999:blog-29794854924887912.post-8715306731891034792015-08-18T09:42:00.003+05:302015-08-18T09:42:48.900+05:30Gold Technical Comment For 18 Aug 2015<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEghx0xkqJ0dYuQdpTWmaeXujqkdG-JmxCM1_u5ip-6ZDEMe19A83XkC-n6OvIffbbE6MCR-WqvEyZ_0m9cq-kLeqKwB53Pu1oXoq478lCN92RU0OSwiG9MhKjcj4Oz9HACk2Mic-QFDt3E/s1600/Gold11.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEghx0xkqJ0dYuQdpTWmaeXujqkdG-JmxCM1_u5ip-6ZDEMe19A83XkC-n6OvIffbbE6MCR-WqvEyZ_0m9cq-kLeqKwB53Pu1oXoq478lCN92RU0OSwiG9MhKjcj4Oz9HACk2Mic-QFDt3E/s1600/Gold11.jpg" /></a></div>
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Gold gained in intra day trades on MCX on Monday after two consecutive days of losses. The session Monday was critical as Gold moved past Rs 26000 on closing basis. Gold prices were seen at Rs 26032 on 17 August 2015 against Rs 25768 per 10 grams on 14 August 2015. Resistance for Gold is towards Rs 26100 and Rs 26120. Supports in Gold towards Rs 25850 are active. Gold price tested a high of Rs 26087 per 10 grams on 17 August 2015 and a low of Rs 25880 per 10 grams. Open Interest for October contract was at 8889 as on 17 August 2015 against 8367 on 14 August 2015.</div>
Shubhlaxmihttp://www.blogger.com/profile/07838173544294790398noreply@blogger.com0tag:blogger.com,1999:blog-29794854924887912.post-48046998326555365872015-08-18T09:38:00.000+05:302015-08-18T09:39:14.919+05:30Copper Technical Comment For 18 Aug 2015<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjiIf_J4UXhl3QMQcuKc_pk-HzD3u1OLqZqMTDQswCskflR6Ax0OvQAKfiKnTLASia4ApbqTKcL1VVV_J60Jrsm7LLv_jkeFuGily7qOaZAgrCvYzaposi4Jg8AS48JhmNMDXZeHERnBJ4/s1600/copper-10.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="427" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjiIf_J4UXhl3QMQcuKc_pk-HzD3u1OLqZqMTDQswCskflR6Ax0OvQAKfiKnTLASia4ApbqTKcL1VVV_J60Jrsm7LLv_jkeFuGily7qOaZAgrCvYzaposi4Jg8AS48JhmNMDXZeHERnBJ4/s640/copper-10.jpg" width="640" /></a></div>
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Copper prices lost on 17 August 2015 and moved away from Rs 340 per kg that is the active resistance zone at this juncture. Copper ended the day at Rs 336.50 on 17 August 2015 against 338.60 per kg on 14 Aug 2015. On Tuesday trading gains are expected to get resisted at Rs 339 and 342 per kg. Floor for Copper is at Rs 334 and Rs 332 per kg. The high for Copper on Monday was at Rs 338.20 per kg, and a low of Rs 334.10 per kg was tested. Open interest was marginally up on 14 August 2015. Open interest was at 19941 on 17 August 2015 against on 19949 on 14 August 2015.</div>
Shubhlaxmihttp://www.blogger.com/profile/07838173544294790398noreply@blogger.com0tag:blogger.com,1999:blog-29794854924887912.post-85150659277024895502015-08-14T09:54:00.001+05:302015-08-14T09:54:06.834+05:30Gold Technical Comment For 14 Aug 2015<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgmvfofoBDSIqjgfW5GnIRUqu4iaiDd5c7uzpQTDl5GvnGQO3grneIl_cfWEmsUpT2WZC5fsSjaO7Su4yIq54y6OiSKAssIvyMec_wio5eieHaKNRmoHbRKuL__auWSy9XWEPKSyekK4kM/s1600/Gold16.jpg" imageanchor="1"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgmvfofoBDSIqjgfW5GnIRUqu4iaiDd5c7uzpQTDl5GvnGQO3grneIl_cfWEmsUpT2WZC5fsSjaO7Su4yIq54y6OiSKAssIvyMec_wio5eieHaKNRmoHbRKuL__auWSy9XWEPKSyekK4kM/s1600/Gold16.jpg" /></a><br />
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<span style="font-family: Verdana, sans-serif;">Gold declined in intra day trades on MCX on Thursday after four consecutive days of gains. The session on Thursday was critical in terms of trading swings. Gold prices were seen at Rs 25895 per 10 grams at the last tick on 13 August 2015 against Rs 26014 per 10 grams on 12 August 2015. Resistance for Gold is towards Rs 25900 and Rs 26100. Supports in Gold towards Rs 25700 are active. Gold price tested a high of Rs 25995 per 10 grams on 13 August 2015 and a low of Rs 25835 per 10 grams. Open Interest for October contract was at 8902 as on 13 August 2015 against 9197 on 12 August 2015.</span></div>
Shubhlaxmihttp://www.blogger.com/profile/07838173544294790398noreply@blogger.com0tag:blogger.com,1999:blog-29794854924887912.post-48303363231909525012015-08-14T09:50:00.006+05:302015-08-14T09:50:59.251+05:30Copper Technical Comment For 14 Aug 2015<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjVI6VdMC6M-rQJK5ytgBl7Ak9-jSiAmQXojCnpR_1edYpEb3uJOLc8VvLiRc9vzNoszKmhO_9AkPTfsDOG6m84MSptzLuSizkdWsWQpdnqweFzxuT1R38eeOgfAh0HunN9lIBw5Do4FNI/s1600/Copper+PIPE.jpg" imageanchor="1"><img border="0" height="428" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjVI6VdMC6M-rQJK5ytgBl7Ak9-jSiAmQXojCnpR_1edYpEb3uJOLc8VvLiRc9vzNoszKmhO_9AkPTfsDOG6m84MSptzLuSizkdWsWQpdnqweFzxuT1R38eeOgfAh0HunN9lIBw5Do4FNI/s640/Copper+PIPE.jpg" width="640" /></a><br />
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Copper prices gained further on 13 August 2015 and moved very close to Rs 340 per kg that is the active resistance zone at this juncture. Copper ended the day at Rs 339.75 on 13 August 2015 against 338.30 per kg on 12 Aug 2015. On Friday trading gains are expected to get resisted at Rs 342 and 345 per kg. Meanwhile support for Copper is at Rs 335 and Rs 332 per kg. The high for Copper Thursday was at Rs 342.10 per kg, and a low of Rs 334.70 per kg was tested. Open interest has started shriking down as August is the expiry month for Copper and short positions built in the contract earlier in the month and before are getting squared off. Open interest was at 19924 on 13 August 2015 against on 20467 on 12 August 2015.</span></div>
Shubhlaxmihttp://www.blogger.com/profile/07838173544294790398noreply@blogger.com0