Commodity Outlook for Guar by KediaCommodity

GuarGuar yesterday we have seen that market has moved -1.26% on profit-booking after rising more than 2 pe

Commodity Outlook for Nickel by KediaCommodity

NickelMinara Resources Ltd., Australia's second-largest nickel producer, reported second-quarter production dropped 15 percent after a pipeline failure at the Murrin Murrin plant in Western Australia. Nickel has touched a low of Rs 894.1 a kg after opening at Rs.898, and last traded at Rs 912.3.For today market is looking for the support at 899.5, a break below could see a test of 886.8 and where as resistance is now likely to be seen at 919.6, a move above could see prices testing 927.

Trading Ideas:

Nickel trading range is 886.8-927.

Minara Resources Ltd., reported second-quarter production dropped 15 percent

Commodity Outlook for Zinc by KediaCommodity

ZincZinc volumes on the Shanghai Futures Exchange surged in the second quarter of this year, reinforcing p

Commodity Outlook for Copper by KediaCommodity

CopperCopper ended down but recovered some of its early losses supported by speculative buying in comm

Commodity Outlook for Crude Oil by KediaCommodity

Crude OilCrude oil ended higher as energy investors were encouraged by a rally on Wall Street sparked by earnings optimism. The International Energy Agency said that global oil demand will increase by 1.6% in 2011, with demand growth coming entirely from non-OECD nations.  Now support for the crude is seen at 3518 and below could see a test of 3450. Resistance is now likely to be seen at 3629, a move above could see prices testing 3672.

Trading Ideas:

Crude trading range is 3450-3672.

Crude oil ended higher as energy investors were encouraged by a rally on Wall Street

Commodity Outlook for Silver by KediaCommodity

SilverSilver rose along with gold on a mix of brightening economic sentiment and investors' willingness to move money into more volatile commodities. Silver opened the day at 28800 and touched a low of 28748, amid dollar infirmity. The greenback’s subjugation briskly impelled the metal to a high of 29156; before siesta drove the commodity to a close of 29044.Now support for the silver is seen at 28809 and below could see a test of 28575. Resistance is now likely to be seen at 29217, a move above could see prices testing 29391.

Trading Ideas:

Silver trading range is 28575-29391.

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