Commodity Outlook for Guar by KediaCommodity

GuarGuar yesterday we have seen that market has moved 2.3% on value buying supported by good export demand for guar gum and thin supplies in spot. Exporters are very active and demand from overseas countries is good. In the Jodhpur spot market, guar fell 15 rupees to end at 2,354 rupees per 100 kg. Market has opened at 2462 & made a low of 2435 versus the day high of 2544. The total volume for the day was at 484060 lots and the open interest was at 187280.Now support for the guar is seen at 2463 and below could see a test of 2394. Resistance is now likely to be seen at 2572, a move above could see prices testing 2612.

Trading Ideas:

Commodity Outlook for Nickel by KediaCommodity

NickelNickel ended down with weakening trend overseas amid reduced offtake by consuming industries. Besides weak global cues, reduced offtake by consuming industries also led to a fall in copper and nickel prices. Nickel has touched a low of Rs 896 a kg after opening at Rs.909.5, and last traded at Rs 901.2.For today market is looking for the support at 894.1, a break below could see a test of 887.1 and where as resistance is now likely to be seen at 910.1, a move above could see prices testing 919.1.

Trading Ideas:

Nickel trading range is 887.1-919.1.

Nickel ended down with weakening trend overseas

Commodity Outlook for Zinc by KediaCommodity

ZincMitsui Mining & Smelting Co. said it raised its zinc selling price by Y10,000 to Y210,000 a metric ton. This will bring the average zinc selling price for July to Y206,700. Zinc yesterday we have seen that market has moved -1.09%. Market has opened at 86.8 & made a low of 85.75 versus the day high of 87.1. The total volume for the day was at 21211 lots and the open interest was at 5105.Now support for the zinc is seen at 85.8 and below could see a test of 85.1. Resistance is now likely to be seen at 87.2, a move above could see prices testing 87.8.

Trading Ideas:

Zinc trading range is 85.1-87.8.

Commodity Outlook for Copper by KediaCommodity

CopperCopper declined after data showed falling Chinese imports, renewing concern about global growth

Commodity Outlook for Crude Oil by KediaCommodity

Crude OilCrude settled lower staying well within their recent trading range ahead of important e

Commodity Outlook for Silver by KediaCommodity

SilverSilver fell along with gold as a strengthening dollar left less demand for precious metals as an

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