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.