Commodity Outlook for Zinc by KediaCommodity

ZincThe global refined zinc market was in a 157,000-metric-ton surplus January to March of this year, Inte

Australian government ignoring international conventions to deport Muslim cleric

Australian government ignoring international conventions to deport Muslim clericAccording to reports, Human rights groups have accused the Australian government of ignoring international conventions in deciding to deport a Shiite Muslim cleric.

The Australian Broadcasting Corp. reported on Monday that Australia will deport Sheik Mansour Leghaei, who has lived in Sydney for 16 years, after an "adverse security finding" against him.

Commodity Outlook for Copper by KediaCommodity

CopperCopper finished sharply lower as the dollar rose on concerns about euro zone sovereign debt and participants worried about Chinese attempts to cool its economy. A lower than expected reading from the Federal Reserve Bank of New York's Empire Manufacturing survey added to the pressure on copper. Copper has touched a low of Rs 296.05 a kg after opening at Rs 312, and last traded at Rs298.1.For today market is looking for the support at 292.1, a break below could see a test of 286.1 and where as resistance is now likely to be seen at 308.1, a move above could see prices testing 318.

Copper trading range is 286.1-318.

Colombian guerrilla rebels and a Basque terrorist group are linked, says President

Colombian guerrilla rebels and a Basque terrorist group are linked, says PresidentThere is evidence of cooperation between Colombian guerrilla rebels and a Basque terrorist group, Colombian President Alvaro Uribe said on Monday.

El Universal has reported that in a television interview, Uribe said "there have always been many pieces of evidence" of possible collaboration by the Basque terrorist organization ETA with the guerrillas of the Revolutionary Armed Forces of Colombia (FARC).

Commodity Outlook for Crude Oil by KediaCommodity

Crude OilCrude dropped as doubts about future oil demand sent prices to a 2010 low. The oil market is counting on a robust global recovery to use up surplus crude and fuel put in storage during the downturn. While demand is up from a year ago in the U.S., the world's biggest oil consumer, crude inventories have also hit a record high at Cushing, Okla., where the barrels traded on Nymex are delivered. Now support for the crude is seen at 3166 and below could see a test of 3113. Resistance is now likely to be seen at 3287, a move above could see prices testing 3355.

Crude trading range is 3113-3355.

Poland floods leave three people dead

Poland floods leave three people deadAuthorities have said that three people were killed and hundreds were evacuated in southern Poland after torrential rain led to flooding along the Vistula River.

Poland. pl has reported that Krakow Mayor Jacek Majchrowski declared a state of emergency Sunday night as the river rose almost 30 inches above emergency levels.

The Web site also said that further upstream from the city, levels reached almost 50 inches above flood stage.

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