Commodity Outlook for Copper by KediaCommodity

CopperCopper ended firm bullish demand prospects from China in the new year kept prices buoyant near all-time record peaks. Stocks of copper in LME warehouses rose for the fifth day in a row. Latest data showed a small increase of 600 tonnes, to 361,400 tonnes. Inventories in warehouses monitored by the Shanghai Futures Exchange rose 10 percent on the week. Overall, global stocks estimated at above

Commodity Outlook for Crude Oil by KediaCommodity

Crude OilCrude oil prices ended flat amid concerns about the euro zone economy and as investors continued to square positions. Oil may decline next week on speculation that the U. S. Energy Department will report an increase in supplies after the biggest drop in more than eight years in this week’s data. China has extended its 5 percent resource tax on domestic sales of crude oil and natural gas to 12 western regions and provinces, a government official said. Now support for the crude is seen at 4051 and below could see a test of 4044. Resistance is now likely to be seen at 4063, a move above could see prices testing
4068.

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Commodity Outlook for Silver by KediaCommodity

Silver Silver prices rose as a strong economic forecast sparked hope that demand for industrial metals

Commodity Outlook for Gold by KediaCommodity

GoldGold rose as concern that Europe’s fiscal crisis will deepen boosted demand for the metal as a haven.

Cinemax to raise capital for 100 crore investment

Cinemax to raise capital for 100 crore investmentOne of the top officials of Cinemax India Ltd. on Sunday announced that the company has huge plans of expansion, looking at the way entertainment industry is booming, the company has planned to increase the number of screens under its operation by twice to 200 across the nation, in the next 3 years, for which it will be investing a sum of Rs. 100 crore.

Out of the 100 new screens to be added 30 will be added in the nest 6 months itself at a sum of Rs. 45-50 crore, for which the company will be financing through its internal accruals and debt.

Low level buying causes gold to rise

Low level buying causes gold to riseGold that was on the losing side for last few sessions of three days in the bullion market has finally gained some momentum. The prices of gold have now recovered by a decent Rs. 40 to be at Rs. 20,730 per 10 grams.

The global prices have showed strong support and also some fresh buying at these lower levels has supported the prices of gold, and helped in recovery.

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