Commodity To Trad Bearish Oulook: Rubber Future Down In Trend

On Tuesday, natural rubber market is seen under Pressure as per previous  day’s losses.Higher imports  duty and stocks along with weakness in crude oil as well as natural rubber in the international market weighed heavily on the commodity in the local market. Moreover, activities may have also slowed down owing to financial year end and successive holidays later this week

TOCOM rubber futures is hovering near the three week low down trend  by weakness in crude oil and other industrial commodities though weak yen lend lower level suppor

According to International Rubber Study Group, global natural rubber production in 2015 is anticipated to be at 12.2 million tonnes compared to 11.9 million tonnes produced last year

Southeast Asian countries expect to develop a rubber-trading floor for regional rubber-producing countries to actively fix export rubber prices on the world market

Natural Rubber Support and resistance Level
Currently Rubber is in HOLD SHORT position Natural Rubber(Apr) May supported at 12150-12060 with safe side resistance at 12500-12580

Bullion Face Bearish Outllook Today:Gold for April delivery dropped 1 per Cent

In the Commodity Bullion Market Gold Price fall day By day In The International market US Gold for April delivery dropped 1 per cent to $1,187.90 per ounce as the dollar rose against the euro and a basket of major currencies.

The fund's holdings fell last week also indicating weak investment demand Physical demand was also slowing,hit by the rally in prices. 

Gold prices have turned positive last week on Fed’s cautious stance on the US economy.On today Gold dropped for a second straight session.slipping further from a three-week high, as the dollar climbed after Federal Reserve Chair.

Spot gold prices in the international markets can possibly inch higher towards lower towards $ 1220/oz mark.In the Indian markets,we expect gold prices to trade higher towards Rs.27250 mark/10gms.

Spot Glod Support and Resistance Level: 
Spot Gold:Support $ 1185/$1160 Resistance $ 1220/$1235.

MCX Gold Call For Today 
Buy MCX Gold June between 26400–26500 SL 26050 Target 27250/25400

Commodity Face Bearish Outlook Today: Mcx Cardamom Surge 0.97 Per Cent

Spices are expected to trade on under presser from the arrival of new crops.
 
AT The Multi Commodity Exchange (MCX) Cardamom April contract Surge 0.97 per cent on Thursday due to the adequate stocks availability in the physical market.

on account of higher supply from the producing belts of Chandausi in Uttar Pradesh.

Total arrivals during the current crop season amounted to 15071 tonnes compared to 16324 tonnes during the same period last year. the Reason behind it Uncertainty prevailing in the auction market has kept the buyers away and Sluggish demand and ample stocks are pressurizing Cardamom prices.

Mcx Cardamom Tps Today: Mcx Cardamom sideway  to  bullish in trend  supported at 928.60-910.8 with safe site resistance at 952-962. 

Mcx Commodity Trading Tips: Mcx Energy Outllook :Crude palm Oil settled up by 0.57% at 441.9

As per market outllook The  enhance the energy security of the country is  setting up Strategic Crude Oil Reserves with storage capacity of 5.33 Million Metric Tonnes (MMT)In India.the country will begin filling its reserves with 8 million barrels of oil imported from Iraq.

 

Crude palm Oil settled up by 0.57% at 441.9 tracking firmness in spot prices on short covering after pressure seen on higher supply of the oil in domestic market

 Palm oil prices were under pressure taking cues from international market following weak Malaysia palm oil export data.Palm oil imports by India & Subcontinent dropped 17.47% to 106,500 tons in March 1-15 compared to 129,050 tons for the same period a month ago.

Prices of the CPO were also under pressure as Malaysia raised palm oil export duty to 4.5% for the month of April,

Crude palm oil prices in spot market dropped by 1.00 and settled at 439.10 rupees.

Naturalgas settled up 2.46% at 182.90 as a cold blast was expected to hit the U.S.Updated weather forecasting models showed that a cold front will impact the northern U.S. through March 23, carrying rain and snow


Aluminium settled down -1.74% at 110.05.Aluminium ended with losses before the FOMC meeting but rebounded later powered by the decline in US dollar index

Mcx Enargy Updates and commodity Intraday tips : Crude Oil trend Bearish On strong dollar

India's Bullion and Commodity is on a bearish outlook strongly backed by commodities likes  Crude Oil.Crude oil futures fell sharply by Rs 61 to Rs 2,805 per barrel today.

In The International market  Crude Oil Bearish in trend on Monday. 
US crude dropping nearly 3 per cent Because off volatility in currency and sharp appreciation of Rupee against Euro.

  
US crude fell to $43.57 in early trading .Brent was trading at $54.32 a barrel, down 35 cents .According Federation of Indian Export Organisations(FIEO) contraction in global demand, lowering of prices of metal and commodities as well as volatility in currencies are largely responsible for such dismal performance.

According To Market outlook Oil prices are also under pressure from the strong US dollar.

At the Multi Commodity Exchange, crude oil for delivery in March shed Rs 61, or 2.13%, to Rs 2,805 per barrel in 24 lots.

The oil for April delivery moved down by Rs 55, or 1.81%, to Rs 2,981 in a volume of 721 lots.

Globally, West Texas Intermediate (WTI) crude oil fell by 47 cents at $44.37 a barrel, while Brent North Sea crude eased by 46 cents to $54.21 per barrel in late-morning trade on the New York.

Mcx Precious Metal Updates: Gold Firm Above $1,150 On Soften Dollar

In the Bullion  Market Yellow metal firmed above $1,150 an ounce on Friday as the Soften dollar after an extended rally.but the metal was still headed for its sixth weekly dip in seven on concerns that U.S. interest rates would increase soon.

Spot gold edged up 0.5 percent to $1,159.40 an ounce by 0331 GMT, after posting nine straight sessions of losses.The metal is so far down about 0.7 percent for the week,after hitting its lowest in more than three months at $1,147.1 on Wednesday.

Gold Edges  to be finding some support around $1,150 although the short-to-medium term bias is still to the downside.Despite the short-covering rally on the back of a softer dollar, traders were cautious about bullion's outlook.

Bullion could see some more gains but will face resistance at $1,166 In a reflection of bearish sentiment, holdings in SPDR Gold trust, the world's largest gold-backed exchange-traded fund,fell 0.28 percent on Thursday to 750.95 tonnes.

Other precious metals have also taken hits. Silver is on track for a second straight weekly fall, while palladium is on course for its worst week since mid-January.COMEX gold and silver contracts show the most active months.

Mcx Gold Trading Tips : MCX Apr Gold was traded higher in the first session.However, on failure to extend the gains and a sharp decline from the same has kept the prices again in a negative zone. Now the outlook remains weak and further fall Advisor Advice SELL GOLD At 25790.00 T1- 25745.00 with SL- 25875.00.

Mcx Energy Updates and Commodity Tips for Today

In the Indian commodity market today Oil prices is in positive note in Asia today but gains were capped as dealers fretted over an oversupplied global market after US crude reserves once again swelled to a record high.

In  the International  market Crude oil price Rose by 25 cent to USD 57.79 in late-morning trade because off  US benchmark West Texas Intermediate rose two cents to USD 48.19 while Brent crude rose 25 cents

In Wednesday crude oil inventories surged by 4.5 million barrels in the week to March 6 to 448.9 million, the highest level The US Department of Energy said .

Analysts say volatility is likely to continue for some time. Prices have since rebounded following a slowdown in US oil-drilling activities.

Prices are likely to remain in a tight range for the next two weeks until the market gets more clarity on the ongoing negotiations between Iran and the US over the lifting of sanctions.

Mcx Crude Oil Tips :In Today Trend of the Crude oil is bearish for medium-long term.Crude Oil witness Supported at 2965-2910 with immediate resistance 3050-3132.

Mcx Energy Updates:Crude Oil Price UP In Asian Trand Today

Oil prices climbed in Asian trade today as signs that a refineries strike in the US is weakening a rise in US crude stocks, analysts said.

US benchmark West Texas Intermediate (WTI) added 29 cents to $51.82 a barrel and Brent gained six cents to $60.61 in late-morning trade.

The US Department of Energy (DoE) yesterday said commercial crude inventories jumped by 10.3 million barrels in the week February 27, higher than analyst forecasts.

Inventories have set new records for five straight weeks, and US oil production is already high at 9.3 million barrels per day.

 Mcx Cude Oil Tips:  In Indian Commodity market crude Oil mar  trend Bullish In trend market support crude oil at 3133 with immediate following resistance 3210-3257


Mcx Precious Metal Updates:Mcx Gold Future Up By 0.09% IN Global Market

In the Indian Bullion Counter Prices for gold futures fell precipitously on Tuesday, as the U.S. Dollar Index reached its highest level in more than 11 years 
Gold prices were steady on Wednesday with investors focused on demand prospects. On the COMEX,gold futures for April delivery traded Rs 23 higher at Rs 26,450 per 10 grams as speculators created fresh positions amid positive cues from global markets.

At the Multi Commodity Exchange, gold for delivery in April was trading higher by Rs 23, or 0.09%, to Rs 26,450 per 10 grams in a business turnover of 787 lots

The metal for delivery in June was trading at Rs 14, or 0.09%, higher at Rs 26,610 per ten grams in a turnover of 76 lots. On The other side  gold was trading 0.3% higher at USD 1,207.73 an ounce in Singapore.

Silver prices recovered by Rs 94 to Rs 36,560 per kg in futures trading today as speculators created fresh positions amidst a firming trend in overseas markets.
At the Multi Commodity Exchange, silver for delivery in May rose by Rs 94, or 0.25%, to Rs 36,560 per kg in a business turnover of 1,029 lots.

Meanwhile, silver rose by 0.4% to USD 16.34 an ounce in Singapore today.

Mcx Gold Trading Tips:  Mcx Gold Apr “sell” at TG 26341/26260 with SL 26423

Mcx  Silver Trading Tips:MCX Silver May "sell" at TG 36389/ 35927 SL 37100

Mcx Precious Metal Updates:Gold Treand Berrish As Doller Hold Near 11 Year High

In the Bullion Counter Gold treand dropped for a second session on Tuesday, pulling further away from a two-week high as growing expectations for a US interest rate hike kept the dollar near an 11-year peak against a basket of currencies.

Spot gold fell nearly 1 percent to a session low of $1,194.90 an ounce and was trading at $1,199.10 by 0241 GMT, down 0.6 percent.

Firm Chinese demand had kept gold above $1,200 since last week, climbing to a two-week top of $1,223.20 on Monday before slipping.

In the Indian Bullion market Gold is in Down trend The Gold is now trading in oversold level. .Positionally Support for the Gold is 26245-26140-.Resistance for the Gold is 26978-27094.

Mcx-Precious-Energy Outllook: Crude Oil and Gold are In uptrend in Global cues

Bullion gained at a good rate early morning Monday as markets took positive cues out of the Chinese easing. While we should see higher opening in Indian markets; it is likely that Bullion may see ranged to positive trading backed by Chinese cues.Locally, the FM on Saturday left import taxes higher at 10% for Gold which indirectly may act negatively for jewelery companies and also curb demand over medium-term. We hold range to positive bias in Gold today while domestically, traders need to keep close watch at Rupee as well

Crude oil rose sharply on Friday as Brent and U.S. futures posted their first monthly gains since June, supported by an improving demand outlook and supply outages.

 

The oil market will rebalance in the next several months as a price collapse boosts consumption and curbs supplies, the International Energy Agency said, a day after Saudi Arabia’s oil minister’s statement of demand rising.

Mcx Gold Tips for Today: As per Expert Advice “BUY” above 26310 at stop loss 26260 with Taget 26570

Mcx copper Tips For Today: Mcx cooper Bullish In trade Buy above 370 at Stop loss 367 with TG 374