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Oil prices ended lower as OPEC signaled it will keep output targets unchanged when it meets on Thursday. OPEC stands by its oil price target of $70 to $80 and is almost certain to keep its output policy in place, but will monitor brimming inventories as the world crawls out of recession. OPEC, in a monthly report, left unchanged most forecasts for the oil market in 2011, including those for world oil demand growth and global demand for its own oil. It raised its estimate for world oil demand growth in 2010. Now support for the crude is seen at 3633 and below could see a test of 3604. Resistance is now likely to be seen at 3682, a move above could see prices testing 3702.

Soyabean yesterday we have seen that market has moved -0.48% as profit taking driven by ri

Mentha oil October contract gained Rs 10 and settled at Rs 964 a kg on buying support at lower level after prices fall earlier in the day on profit booking. Major mandies of Uttar Pradesh such as Sambhal and Chandausi have witnessed the daily average arrivals of around 450 drums. The contract made intraday low of Rs 937.3 a kg and high of Rs 967.9 a kg with the volume of 7457 and total open interest for the same contact was at 5642. Now support for the menthol is seen at 944.9 and below could see a test of 925.8. Resistance is now likely to be seen at 975.5, a move above could see prices testing 987. Trading Ideas:

Mentha Oil trading range is 925.8-987.

Silver prices fell from record high and lost Rs 96 to Rs 34,798 per kg on profit booking and fall

Gold retreated yesterday in the face of a strengthening U.S. dollar.

Pepper November delivery gained Rs 235 and settled at Rs 18622/quintal on heavy