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Guar yesterday we have seen that market has moved 0.3% as export demand supported buying though rising a

World Bureau of Metal Statistics (WBMS) latest figures showed that the World Nickel market was in deficit during Jan-Sep 2010. The apparent demand of Nickel exceeded supply by 41000 tonnes that compares to a market deficit of 16500 tonnes in Jan-Sep 2009. For the whole year 2009 the markets of Nickel were in surplus of 28100 tonnes. Nickel has touched a low of Rs 971.7 a kg after opening at Rs.993, and last traded at Rs 991.For today market is looking for the support at 974.9, a break below could see a test of 958.9 and where as resistance is now likely to be seen at 1003.8, a move above could see prices testing 1016.7.

Trading Ideas:

World Zinc markets were in surplus for the period of Jan-Sep 2010 as per the report r

Copper climbed as concerns over Euro zone sovereign debt eased and U.S.

Crude oil prices rebounded as concerns about Ireland's debt crisis eased, weakening the dollar and boosting investor appetite for risk in stocks and other commodities. Worries that would brake China's oil demand growth had weighed on oil prices. U.S. government data showing an unexpected and large drop in domestic crude stocks last week had failed to stem losses on Wednesday, but were seen as supportive on Thursday. Now support for the crude is seen at 3747 and below could see a test of 3718. Resistance is now likely to be seen at 3795, a move above could see prices testing 3814.

Trading Ideas:

Crude trading range is 3718-3814.

Silver rose as the euro rallied against the dollar amid optimism Ireland will g