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Pepper ended higher tracking firmness in the spot market where local demand was good, enquiries

Guar ended higher on Saturday as estimates of lower output triggered buying at lower levels. The rise in spot market also supported the prices. In the Jodhpur spot market, guar gained up 50 rupees to end at 2,355 rupees per 100 kg. The movement in guar is driven by monsoon as it is a rain-fed crop. Guar yesterday we have seen that market has moved 1.69%. Market has opened at 2304 & made a low of 2301 versus the day high of 2353. The total volume for the day was at 134200 lots and the open interest was at 127860.Now support for the guar is seen at 2311 and below could see a test of 2280. Resistance is now likely to be seen at 2363, a move above could see prices testing 2384.

Sumitomo Metal Mining Co. Ltd. plans to up its nickel production by 23%.  Sumitomo aims to produce 41,000 metric tons of nickel. Nickel has touched a low of Rs 1120 a kg after opening at Rs.1121, and last traded at Rs 1129.5.For today market is looking for the support at 1122.2, a break below could see a test of 1114.8 and where as resistance is now likely to be seen at 1134.7, a move above could see prices testing 1139.8.

Trading Ideas:

Nickel trading range is 1114.8-1139.8.

Sumitomo Metal Mining Co. Ltd. plans to up its nickel production

Nickel is getting support at 1124.60 and resistance is at 1135.80.

Japan's zinc production in February fell 15% from a month earlier to 45,921 metric tons, according to preliminary data released Tuesday by the Ministry of Economy, Trade and Industry. Zinc yesterday we have seen that market has moved 0.47%. Market has opened at 107 & made a low of 106.75 versus the day high of 107.3. The total volume for the day was at 591 lots and the open interest was at 4029.Now support for the zinc is seen at 106.9 and below could see a test of 106.5. Resistance is now likely to be seen at 107.4, a move above could see prices testing 107.6.

Trading Ideas:

Zinc trading range is 106.5-107.6.

Copper rose Saturday as manufacturing in China and the U.S.

Crude oil rose Saturday due to signs of economic growth in Asia and the U.S., triggering buying by traders and commodity investors. Seaborne oil OPEC exports, excluding Angola and Ecuador, will rise by 420,000 barrels per day in the four weeks to April 17. Now support for the crude is seen at 3810 and below could see a test of 3791. Resistance is now likely to be seen at 3841, a move above could see prices testing 3853.

Trading Ideas:

Crude trading range is 3791-3853.

Crude oil rose Saturday due to signs of economic growth triggering buying

Support for the crude is at 3810 and resistance is at 3853.