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| Free Commodity Tips |
TREND CONSOLIDATE
SUPPORT 1: 402.50
SUPPORT 2: 394.60
RESISTANCE 1: 417.90
RESISTANCE 2: 423.70
CRUDE OIL (JUN) – Expected resistance and support levels for the crude JUN contract are:
TREND CONSOLIDATE
SUPPORT1: 4565
SUPPORT2: 4520
RESISTANCE1: 4775
RESISTANCE2: 4880,
GOLD (AUG) –Resistance and support levels for the today’s session for Gold AUG contract 2012 are:
TREND CONSOLIDATE
SUPPORT1: 29670
SUPPORT2: 28985
RESISTANCE1: 30380
RESISTANCE2: 30555
SILVER (JUL) – Silver for July delivery was little changed at $28.925 an ounce. Silver is Expected resistance and support levels for today trade are as follows:
TREND CONSOLIDATE
SUPPORT 1: 53820
SUPPORT2: 52820
RESISTANCE1: 55535
RESISTANCE2: 56530
Free Commodity Market Overview
From a distance, the world looks bright and green and our indices are set to smile. The opening is likely to be higher, as global sentiment has improved on talk of coordinated central bank action in case of an adverse result of the weekend Greek election.
But closer home, as if the economic slowdown and the eurozone debt crisis were not enough, we have repeatedly been hit by political upheavals. The race for the Rashtrapati Bhavan has turned into a tussle between the Congress and TMC.
In the near term, markets will react according to important events like Greek elections, RBI policy meet, FOMC meet and the G-20 Summit.
India’s macro-economic picture has worsened, with exports and imports both falling in May. Trade deficit is higher in May vs. April. Headline WPI inflation has inched up but the worry is sharp revision in March inflation. Core inflation seems to be under control for now.
Free Commodity Live Updates
Gold at record high commodity inputs
Commodities gain on monetary easing hopes
Will Silver end up at the end of 2012?
Crude Oil demand in 2012 to witness lowest growth since 2009: BofAML
Get free commodity tips, silver price,Gold price,crude oil, commodity market tips,commodities, best commodity tips,crude oil prices.
Free Commodity Market Overview
From a distance, the world looks bright and green and our indices are set to smile. The opening is likely to be higher, as global sentiment has improved on talk of coordinated central bank action in case of an adverse result of the weekend Greek election.
But closer home, as if the economic slowdown and the eurozone debt crisis were not enough, we have repeatedly been hit by political upheavals. The race for the Rashtrapati Bhavan has turned into a tussle between the Congress and TMC.
In the near term, markets will react according to important events like Greek elections, RBI policy meet, FOMC meet and the G-20 Summit.
India’s macro-economic picture has worsened, with exports and imports both falling in May. Trade deficit is higher in May vs. April. Headline WPI inflation has inched up but the worry is sharp revision in March inflation. Core inflation seems to be under control for now.
Free Commodity Live Updates
Gold at record high commodity inputs
Gold in the domestic market has reached record heights.But in the international market price is below 15 per cent to record levels. With 0.3 per cent on MCX gold is trading at Rs 30 130. Rs 30 550 of the Delhi spot market, gold has managed to reach record heights.
Daily Free Commodity Tips and Free Commodity
News Updates
Commodities gain on monetary easing hopes
Commodities have witnessed an uptrend towards the weeken on hopes on hopes of monetary easing in US following sluggish US data while many countries are expected to follow suit to boost growth.
Will Silver end up at the end of 2012?
It's hard to say exactly where Silver will end up because these are very volatile markets. But the supply-and-demand situation for silver is bullish.
Crude Oil demand in 2012 to witness lowest growth since 2009: BofAML
Global GDP growth is expected to be 3.3% in 2012 and leading indicators point to continued weakness in Oil demand this year, BofAML said.
BNP Paribas S.A. (Euronext: BNP) on Wednesday trimmed its 2012 and 2013 forecasts for base metals after a decline in prices in the second quarter.
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