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| Free Commodity Tips |
TREND CONSOLIDATE
SUPPORT1: 419.70
SUPPORT2:414.30
RESISTANCE1: 435.00
RESISTANCE2: 438.00
TREND CONSOLIDATE
SUPPORT1: 4703
SUPPORT2: 4565
RESISTANCE1: 4820
RESISTANCE2: 4900
GOLD (AUG) – Spot gold traded nearly flat at $1,590.59 an ounce by 0023 GMT, after rallying 1 percent on Friday. US gold futures contract for August was also little changed from Friday's close, standing at $1,590.50. Resistance and support levels for the today’s session for Gold AUG contract 2012 are:
TREND CONSOLIDATE
SUPPORT1: 29105
SUPPORT2: 28760
RESISTANCE1: 30180
RESISTANCE2: 30345
SILVER (SEP) – 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
SUPPORT1: 52060
SUPPORT2: 51485
RESISTANCE1: 53000
RESISTANCE2: 53580Get free commodity tips, silver price,Gold price,crude oil, commodity market tips,commodities, best commodity tips,crude oil prices.
STOCK MARKET LATEST UPDATES
Sensex to be cautious at start...Inflation, earnings in focus.The period after the presidential polls is likely to be an important one amid growing expectations on the reforms front.
Indian stock indices appeared to have crossed its limit in the near term after snapping a five-week winning streak last week. Meanwhile, US President Barack Obama says there appears to be a growing consensus in India that the time may be right for another wave of economic reforms to make India more competitive in the global economy.
In terms of data, the Government will release wholesale (WPI) inflation today and retail (CPI) inflation later this week.
Main Results Today: Castrol India, Exide, Reliance Industrial Infrastructure, South Indian Bank, Supreme Infra and Tata Coffee.
GLOBAL EVENTS TO WATCH: UK Rightmove housing price index, Italy's trade balance, Eurozone CPI, Eurozone trade balance, NY Empire State manufacturing index, US retail sales and US business inventories.
FREE COMMODITY TIPS
BASE METAL WRAP: Copper traders are the most bearish in six weeks on concern demand will slow in China, Europe and the US at a time when hedge funds are betting on lower prices. Copper fell 0.3% to $7,577 a tonne this year on the London Metal Exchange after slumping 21% last year. The MSCI World Index of equities gained 2% since the start of January and the S&P GSCI gauge of 24 commodities slid 4.6%.
ENERGY WRAP: Oil rallied for a third day on Friday after China's economy expanded in line with expectations, easing concerns a slowdown in Europe was hurting a lot more than expected. Even though China's growth slowed for the sixth successive quarter, Asian shares and the euro extended their rally on Monday on signs steps Beijing had taken so far were underpinning the economy A nosedive in natural gas spot prices in Asia over the last month marks the end of bullish Japanese buying following the Fukushima disaster and the likely start of higher supply and lower prices for gas shipped to Europe.
ENERGY WRAP: Oil rallied for a third day on Friday after China's economy expanded in line with expectations, easing concerns a slowdown in Europe was hurting a lot more than expected. Even though China's growth slowed for the sixth successive quarter, Asian shares and the euro extended their rally on Monday on signs steps Beijing had taken so far were underpinning the economy A nosedive in natural gas spot prices in Asia over the last month marks the end of bullish Japanese buying following the Fukushima disaster and the likely start of higher supply and lower prices for gas shipped to Europe.
PRECIOUS METAL WRAP: Spot gold traded nearly flat at $1,590.59 an ounce by 0023 GMT, after rallying 1 percent on Friday. US gold futures contract for August was also little changed from Friday's close, standing at $1,590.50.
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