Bullion:
Gold
Spot gold prices rose by 0.8 percent to $1197.7 on Thursday after the Federal Reserve said it would take a patient approach toward raising interest rates, boosting stock markets and commodities, though it pared early gains as the dollar strengthened against a basket of currencies.
Silver
Spot silver prices rose by 1 percent to $15.9 in yesterday’s trading session in tandem with rise in gold prices. However, strength in the dollar index coupled with weak base metals pack capped the rally.
Energy:
Energy:
Crude Oil
Crude oil prices declined on both sides of the Atlantic with WTI and Brent falling by 4.2 and 3.1 percent to close at $54.1 and 59.3/bbl respectively. The fall was as due as traders placed fresh bets that the market would resume a six-month rout on worries about a supply glut.
Natural Gas
U.S. natural gas futures turned negative and ended down 0.46 percent on Thursday after weather forecasts changed from colder-than-normal to warmer-than-normal over the course of the day. Prices declined despite a government report that utilities pulled more gas from storage last week than expected.
Base metals
Base metals on the LME traded on a negative note yesterday as the outlook in top metals consumer China remained gloomy following house price data. In addition, mixed economic data from the US dragged prices lower.
Copper
LME Copper prices declined by 0.9 percent on Wednesday as China's new home prices fell again in November as the market continued to defy government efforts to revive it.
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AGRI COMMODITY MARKET |
BULLIONS COMMODITY MARKET
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CS TURMERIC (APRIL) OVERVIEW:
TREND BULLISH RESIST 2:8170 RESIST 1:8120 SUP1:8000 SUP2:7950 STRATEGY: BUY ON DIPS CS SOYABEAN (JANUARY) OVERVIEW: TREND BULLISH RESIST 2:3330 RESIST 1:3310 SUP1:3275 SUP2:3250 STRATEGY: BUY ON DIPS CS CHANA (JANUARY) OVERVIEW: TREND BULLISH RESIST 2:3360 RESIST 1:3305 SUP1:3220 SUP2:3135 STRATEGY: BUY ON DIPS CS DHANIYA (JANUARY) OVERVIEW: TREND BEARISH RESIST 2:13100 RESIST 1: 13000 SUP1:12820 SUP2:12745 STRATEGY: SELL ON RISE |
CS COPPER (FEBRUARY) OVERVIEW: TREND MIXED RESIST 1:407 RESIST 2:411.50 SUP 1:400 SUP 2:396 STRATEGY: BUY FOR SMALL PROFITS CS CRUDE (JANUARY) OVERVIEW: TREND BEARISH RESIST 1:3560 RESIST 2:3650 SUP1:3430 SUP2:3380 STRATEGY: SELL ON RISE CS GOLD (FEBRUARY) OVERVIEW: TREND: MIXED TO BEARISH RESIST 1:27160 RESIST 2:27350 SUP1:26550 SUP2:26400 STRATEGY: SELL ON RISE CS SILVER (MARCH) OVERVIEW: TREND MIXED TO BEARISH RESIST 1:37250 RESIST 2:37750 SUP1:36300 SUP2:35950 STRATEGY: SELL ON RISE |
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