Commodity Outlook for Crude Oil by KediaCommodity

Crude OilCrude gained as Wall Street lent support with some robust quarterly reports that raised hopes for oil demand going forward. Meanwhile, the International Energy Agency said China has become the world's biggest energy user, surpassing the US last year. China consumed 2.25 billion tons of oil equivalent last year, about 4% more than the US. Now support for the crude is seen at 3533 and below could see a test of 3498. Resistance is now likely to be seen at 3630, a move above could see prices testing 3692.

Trading Ideas:

Crude trading range is 3530-3740.

Crude gained as Wall Street lent support with some robust quarterly reports

Commodity Outlook for Silver by KediaCommodity

SilverSilver fell leading the precious metals lower on a lack of interest in refuge assets amid stabilizing markets elsewhere. Traders were also likely cashing out of silver to make a profit, as the metal remains within striking distance of recent highs. Silver opened at 28739, before achieving a high of 28829. The commodity was later impaired, triggering latent stops, to a low 28486 after stalking gold lower. The metal mobilized a close of 28573, taking a cue from recuperating base metals. Now support for the silver is seen at 28430 and below could see a test of 28286. Resistance is now likely to be seen at 28773, a move above could see prices testing 28972.

Trading Ideas:

Commodity Outlook for Gold by KediaCommodity

GoldGold fell as stability in other markets reduced the demand for an alternative asset.

'Tere Bin Laden' rakes in Rs 500 mn in opening weekend

Tere Bin LadenNew Delhi, July 20 : Low-budget satire "Tere Bin Laden" that released Friday, grossed over Rs 500 million in its opening weekend and gave tough competition to the Sanjay Dutt-Bipasha Basu starrer "Lamhaa" and first time director Vikramaditya Motwane's "Udaan" that also released on the same day.

Debutant director Abhishek Sharma's "Tere Bin Laden" grossed the collections all over India in the first three days from 344 screens.

Whirlpool Q1 net profit surges by 39% to Rs 64.2 crore

Whirlpool Q1 net profit surges by 39% to Rs 64.2 croreLeading home appliances firm Whirlpool has declared its first quarter financial results for the fiscal year 2010. As per the report it has managed to register an impressive net profit rise of 39%.

The company has posted a net profit of Rs 64.20 crore for the quarter that ended in 30th June, 2010. This net profit figure has grown up by 39% in this quarter as compared to the same quarter in the last fiscal. This has been informed by Whirlpool in a filing at the Bombay Stock Exchange.

Bloomberg UTV editor joins UIDAI

Govindraj EthirajAfter Infosys mentor, Nandan Nilekani was roped in by government to handle its Special Project named UIDAI, the latest to join the team is Bloomberg UTV's editor-in-chief, Govindraj Ethiraj. Invited by Nandan Nilenkani to join the clan, Govindraj has been instrumental in establishing Bloomberg UTV's operations in the country.

As prior to 2006 the channel was in its takeoff stage until it grew into one of India's most dynamic English business news brands.

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