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Guar ended down on Saturday due to profit booking by traders. Weak spot market prices also weighed. In Jodhpur, a major trading hub in Rajasthan, guar fell 19 rupees to 2,356 rupees per 100 kg. Guar yesterday we have seen that market has moved -1.09%. Market has opened at 2382 & made a low of 2361 versus the day high of 2392. The total volume for the day was at 152660 lots and the open interest was at 183680.Now support for the guar is seen at 2355 and below could see a test of 2343. Resistance is now likely to be seen at 2386, a move above could see prices testing 2405.

Trading Ideas:

Guar trading range is 2343-2405.

China Minmetals Corp is considering whether to reopen the Avebury nickel mine in Australia. Avebury nickel mine produced 2,000 tons of nickel in 2008 but was shut down in 2009 because of low nickel prices. Nickel has touched a low of Rs 1184 a kg after opening at Rs.1184.7, and last traded at Rs 1185.4.For today market is looking for the support at 1183.7, a break below could see a test of 1182 and where as resistance is now likely to be seen at 1187.4, a move above could see prices testing 1189.4.

Trading Ideas:

Nickel trading range is 1182-1189.4.

Minmetals may reopen nickel mine in Australia

Mitsui Mining & Smelting Co. said it raised its zinc selling price by Y5,000 to Y270,000 a metric ton.  This will bring the average zinc selling price for April to Y267,500. Zinc yesterday we have seen that market has moved 0.19%. Market has opened at 106.75 & made a low of 106.7 versus the day high of 106.9. The total volume for the day was at 499 lots and the open interest was at 3327.Now support for the zinc is seen at 106.7 and below could see a test of 106.6. Resistance is now likely to be seen at 106.9, a move above could see prices testing 107.

Trading Ideas:

Zinc trading range is 106.6-107.

According to police officials, a YouTube video showing a police officer in Calgary, Alberta, kicking young men outside a nightclub has prompted an outside investigation.

The Calgary Herald has reported that Jamie Graham, the police chief in Victoria, where the incident happened outside a nightclub March 20, said Calgary police have agreed to his request to conduct an independent investigation.

Copper ended positive on some slight short covering after falling Friday after regulators accuse

Crude settled steady on Saturday after falling on Friday after the U.S. Securities and Exchange Commission sued Goldman Sachs Group Inc. U.S. demand for crude oil and petroleum products increased 3.5 percent in March from a year ago, the American Petroleum Institute said. Now support for the crude is seen at 3687 and below could see a test of 3682. Resistance is now likely to be seen at 3698, a move above could see prices testing 3704.

Trading Ideas:

Crude trading range is 3682-3704.

Crude settled steady Saturday after falling Friday after the US Sec sued Goldman Sachs