Commodity Outlook for Zinc by KediaCommodity

zincZinc yesterday traded with the positive node and settled 2.05% up at 107.05 tracking firm in LME prices. Some support had been seen from the LME stock also which came down by -875mt, the total stock at LME is now at
606425mt. In yesterday's trading session zinc has touched the low of 104.85 after opening at 104.95, and finally settled at 107.05. For today's session market is looking to take support at 105.5, a break below could see a test of 104 and where as resistance is now likely to be seen at 107.9, a move above could see prices testing 108.7. Spread between zinc OCT & NOV contracts yesterday ended at 1.05. Spread yesterday traded in the range of 1 - 1.5.

Commodity Outlook for Copper by KediaCommodity

CopperCopper prices rose as the dollar gave up its previous gains and in anticipation of China's raft of economic data due overnight that many participants are betting will show stronger-than-forecast readings. China accounts for about

Commodity Outlook for Crude oil by KediaCommodity

Crude oilCrude rose on lift from a slumping dollar, an equities markets bounce and inventory data that showed crude stockpiles rose less than expected. The US Energy Information Administration in its inventory update said commercial crude oil stockpiles increased by 700,000 barrels to 361.20 million barrels in the week ended October 15. A low-pressure system in the northwestern Caribbean Sea still had a 70 percent chance of strengthening into a tropical depression over the next day or two. Now support for the crude is seen at 3622 and below could see a test of 3570. Resistance is now likely to be seen at 3705, a move above could see prices testing 3736.

Trading Ideas:

Commodity Outlook for Silver by KediaCommodity

silverSilver ended flat as recovered all of its losses tracking higher base metal and crude prices and

Commodity Outlook for Gold by KediaCommodity

Gold egoldnded slightly down recovering all of its losses as the dollar retreated from a one-day recovery on the back of a report that cemented market expectations that the Federal Reserve will buy bonds to inject money into the U. S. economy. Gold opened at 19540. As the dollar gathered strength, the metal traded to its low of 19455, triggering resting stops around the 13500 level. Strong fund buying coupled with a rallying equities as the dollar reversed, took the metal to its high of 19583 and closed at 19529. Now support for the gold MCX is seen at 19462 and below could see a test of 19394. Resistance is now likely to be seen at 19590, a move above could see prices testing
19650.

Tokyo shares mixed on yen's ups and downs, US gains

http://topnews.in/files/tokyo-stock-market1.jpgTokyo, Oct 21 : Tokyo stocks were mixed in morning trading Thursday after overnight gains on Wall Street and fluctuations in the yen.

The benchmark Nikkei 225 Stock Average gained 18.91 points, or 0.2 percent, to trade at 9,400.51 while the broader Topix index was down 3.05 points, or 0.37 percent, at 820.64.

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