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According to the U. S. Tresuary, 281,000 of 1.2 million homeowners in trial status had dropped out of the Home Affordable Modification Program.

The Wall Street Journal reported on Monday that the program starts homeowners out with loan modifications set on a three-month trial basis. If homeowners manage to keep up with their modified loans for three months, their lower payments are made permanent.

The Treasury Department has said that in the program that has been chastised for not producing the promised results, 295,000 homeowners had been given permanent modifications by the end of April.

He was enjoying what maybe his last big hurrah in Washington, as the financial reform bill nears a vote, Sen. Christopher Dodd, D-Conn., has said.

It has been reported that Dodd, the chairman of the Senate Banking Committee, worked with the White House and Treasury Department to assemble a complex 1,400-page bill that attempts to begin regulation of hedge funds, curb risk-taking at big banks, devise a procedure to unwind companies deemed too-big-to-fail and create a consumer financial product protection agency, all in the middle of a mid-term election year.

Aluminium fell to a three-month low on speculation that European measures to curb debt will erode economic growth. Aluminium has touched a low of Rs 89.85 a kg after opening at Rs 93, and last traded at Rs90.2.For today market is looking for the support at 89, a break below could see a test of 87.8 and where as resistance is now likely to be seen at 92.3, a move above could see prices testing 94.4.

Aluminium trading range is 87.8-94.4.

Aluminium fell on speculation that European measures to curb debt will erode growth

Support for aluminium is at 89 and resistance is at 92.30 level.

Natural gas rose on speculation that hot weather will increase demand for electri

Jeera softened on tepid overseas demand and estimates of higher output, a trend which may continue in the next session. Output in Syria is expected to be steady at 25,000 tonnes. Overseas demand is showing no signs of recovery. Spot rates in Unjha, a key spot market in Gujarat, dropped 19.5 rupees to end at 12,552 rupees per 100 kg. June contract dropped Rs 67 and settled at Rs 12225 a kg. The contract made intraday low of Rs 12179 a kg and high of Rs 12297 a kg. Support for jeera is at 12170 below that could see a test of 12116. Resistance is now seen at 12288 above that could see a resistance of 12352.Jeera trading range is 12116-12352.

Turmeric declined on profit-taking by the traders after prices rose more than 36 percent in the last six weeks. In Nizamabad, a major spot market in Andhra Pradesh, the price dropped 25 rupees to end at 14,805 rupees. Turmeric yesterday we have seen that market has moved -3.71%. Market has opened at 14890 & made a low of 14260 versus the day high of 14890. The total volume for the day was at 10380 lots and the open interest was at 10680.Support for turmeric is at 14050 below that could see a test of 13840. Resistance is now seen at 14680 above that could see a resistance of 15100.

Turmeric trading range is 13840-15100.