Commodity Outlook for Natural gas by KediaCommodity

Commodity Outlook for Natural gas by KediaCommodityNatural gas trimmed all of its gains to end flat despite forecasts for hot weather next week, as a potential storm threat to production in the U. S. Gulf of Mexico weakened. The U. S. Energy Information Administration is expected to report Thursday that 53 billion cubic feet of gas were added to storage during the week ended July 16.

Commodity Outlook for Jeera by KediaCommodity

Commodity Outlook for Jeera by KediaCommodityJeera August contract gained Rs 596 and settled at Rs 15491 a kg as robust domestic demand, firm global prices and poor stocks strengthened sentiment. Syria and Turkey have raised prices in the international market, diverting overseas demand to India. At Unjha, the benchmark spot market in Gujarat, jeera gained 498.50 rupees to end at 14,650 rupees per 100 kg.

The contract made intraday low of Rs 14929 a kg and high of Rs 15491 a kg. Support for jeera is at 15116 below that could see a test of 14742. Resistance is now seen at 15678 above that could see a resistance of

Commodity Outlook for Turmeric by KediaCommodity

Commodity Outlook for Turmeric by KediaCommodityTurmeric yesterday we have seen that market has moved 2.18% on good demand in the spot and overseas inquiries. Overseas demand is gaining pace. In Nizamabad spot market, turmeric gained 58 rupees to end at 15,653 rupees. Market has opened at 14770 & made a low of 14732 versus the day high of 15218.

The total volume for the day was at 10970 lots and the open interest was at 8565. Support for turmeric is at 14811 below that could see a test of 14529. Resistance is now seen at 15297 above that could see a resistance of 15501. Trading Ideas: Turmeric trading range is 14529-15501.

Commodity Outlook for Gold by KediaCommodity

Commodity Outlook for Gold by KediaCommodityChana gained Rs 61 and settled at Rs 2408 per quintal as good demand from millers amid poor supplies and concerns weak rainfall over kharif pulses growing areas may hamper sowing, aided sentiment. In the spot, demand is good from millers and prices may continue to move up.

In Delhi spot market, chana moved up 9 rupees to end at 2,284 rupees per 100 kg. The volume was noted at 250640 lots. Support for chana is at 2361 below that could see a test of 2314. Resistance is now seen at
2435 above that could see a resistance of 2462.

Commodity Outlook for Gold by KediaCommodity

Commodity Outlook for Gold by KediaCommoditySoyabean yesterday we have seen that market has moved 1.63% on lower-level buying support. Export demand for soymeal has improved and that is supporting soybean prices. In the Indore spot market, soybean jumped 24 rupees to 1,996 rupees per 100 kg.

Market has opened at 2030 & made a low of 2026 versus the day high of 2062. The total volume for the day was at 90740 lots and the open interest was at
105380. Support for soyabean is at 2036 below that could see a test of 2013.

Commodity Outlook for Mentha oil by KediaCommodity

Commodity Outlook for Mentha oil by KediaCommodityMentha oil July contract gained Rs 3 and settled at Rs 688.2 a kg on buying support. On July 20th, total stock of mentha oil at MCX-monitored warehouses at Chandausi was 8,87,124 kg of which 8,52,586 kg is physical stock and 34,537 is the demat stock.

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