Bullion - Opens on negative Note Gold -31250-31255 Silver -39480-39500

Energy - Opens on mixed Note Crude Oil - 4580-4584 Natural Gas -181.50-182

Base Metals - Opens on mixed Note Copper -457.50-458 Nickel -949-950 Lead -154.20-154.30 Zinc - 214.80-214.50 Aluminium -150-150.30

Commodity Market News

Precious metals prices hit a twoweek low as investors piled into the dollar with U.S. Treasury yields approaching 3 percent.Precious metals are trading higher on COMEX today. We expect prices to trade range bound for the day, a day after falling to the lowest level in more than two weeks, as a climb in the dollar and 10-year U.S. Treasury yields dampened the appeal of bullion, which pays no interest.

SPDR Gold Trust GLD, the world's largest gold-backed exchangetraded fund, said its holdings stood at 865.89 tonnes, remain unchanged from previous business day. 

Industrial metals are trading higher on International bourses today. We expect prices to trade range bound for the day except for aluminum after Washington gave U.S. customers of Russian producer United Company Rusal more time to close out their business with the company and comply with sanctions.

Crude oil is trading higher on NYMEX today. We expect prices to trade range bound to higher for the day, on expectations that supplies will tighten because fuel is rising at the same time the United States may impose sanctions against Iran and OPEC-led output cuts remain in place.

 

Commodity Opening Bell 

Bullion - Opens on mixed Note Gold -31360-31370 Silver -40260-40300

Energy - Opens on mixed Note Crude Oil - 4540-4045 Natural Gas -181.50-182 

Base Metals - Opens on mixed Note Copper -461-462 Nickel -977-978 Lead -155-50-155.70 Zinc - 215.20-215.50 Aluminium -166.50-167

Commodity Market News

MCX Gold futures were slightly lower on Friday, in the absence of first-tier US economic data. On the daily chart, prices has taken support of 21 day SMA which indicate bullishness in the price.

MCX Silver price closed down on Friday. On a daily Chart, price has given “symmetrical pattern” upside breakout; which indicate a further bullishness in price .In addition, Price has sustained above “Ichimoku Cloud” where TenkanSen has crossed KijunSen, which suggest more bullish trend in the counter.

MCX Copper prices closed flat on Friday amid a bout of technical selling, although the outlook remains positive with demand expected to peak in the next few months.

MCX Zinc prices closed up on Friday. On the 4 hour chart, Price has taken support of falling trend line, which indicate price and given further pull back from there; which indicate a reversal move in the price.

Commodity Opening Bell 

Bullion - Opens on negative Note Gold -31470-31480 Silver -40420-40400 

Energy - Opens on negative Note Crude Oil - 4515-4520 Natural Gas -176.50-177 

Base Metals - Opens on negative Note Copper -456-456.50 Nickel -965-968 Lead -154.20-154.35 Zinc - 212.50-213 Aluminium -162-162.50

MCX Gold futures traded flat Thursday, as Gold remained slightly softer Thursday after news that the current general activity index in the Philadelphia Fed’s manufacturing business outlook survey rose to 23.2 in April from 22.3.

MCX Silver price closed flat on Thursday. On a daily Chart, price has given “symmetrical pattern” upside breakout; which indicate a further bullishness in price.

MCX Copper prices closed down on Thursday amid a bout of technical selling, although the outlook remains positive with demand expected to peak in the next few months.

Zinc prices closed down on Thursday. On the 4 hour chart, Price has taken support of falling trend line, which indicate price and given further pull back from there; which indicate a reversal move in the price.

MCX Crude prices up on Thursday Crude Oil Price Jumps on Inventory Drawdown. On the other hand, price has given “ascending trendline "breakout and has taken trend line support, which indicate positive strength in the prices In addition.

Commodity Opening Bell 

Bullion - Opens on mixed Note Gold -31270-31280 Silver -39100-39130 

Energy - Opens on mixed Note Crude Oil - 4360-4370 Natural Gas -179.50-179.80 

Base Metals - Opens on mixed Note Copper -448.60-448.80 Nickel -925-930 Lead -154.50-154.70 Zinc - 206.30-204.40 Aluminium -157.40-157.80

Commodity Market News

MCX Gold futures traded up Monday, as the dollar fell, but gains were muted as financial markets bet that air strikes on Syria would not escalate into a wider conflict. Moreover, price has taken middle Bollinger band support a at 30950. which indicate a reversal move in the prices.

MCX Silver price closed up on Monday. On a daily Chart, MCX Silver has taken support of Ichimoku cloud; which indicate a reversal move in the prices.

MCX Copper prices closed up on Monday after customs data showed imports of raw materials by China improved during the first quarter

MCX Lead prices closed up on Monday. On the daily chart price trading below “Ichimoku cloud”; which indicate a further bearishness in price , Moreover, price has stabled below 100 DEMA, which act as resistance zone. 

MCX Crude prices flat on Monday as investor concern waned about escalating tensions in the Middle East following air strikes on Syria over the weekend

Commodity Opening Bell 

Bullion - Opens on positive Note Gold -31200-31230 Silver -39020-39050 

Energy - Opens on mixed Note Crude Oil - 4360-4370 Natural Gas -179.50-179.80 

Base Metals - Opens on mixed Note Copper -443-442.50 Nickel -910-905 Lead -151.50-151.70 Zinc - 202.30-202.50 Aluminium -150.30-150.50

Commodity Market News

It has certainly been another volatile and unpredictable trading last week for financial markets, as heightened geopolitical tensions have left investors on edge. President Donald Trump’s market shaking tweets have not helped matters, with global equity markets violently whipsawing in recent days. As the trading month progresses, global risk appetite is poised to remain extremely fragile and highly sensitive to the Russia-U.S tensions over Syria. 

This has been a roller-coaster trading week for Gold, with the metal displaying high levels of sensitivity to geopolitics and U.S interest rate hike expectations. While heightened political tensions between the U.S and Russia have supported the yellow metal, expectations that the Fed will adopt a more aggressive approach over U.S interest rate hikes this year has capped upside gains. With uncertainty still a major market theme and investors clearly on edge, gold is likely to remain buoyed in the medium term.

Crude Oil prices were incredibly bullish last week rising around 10%, as escalating tensions in the Middle East fueled concerns of potential supply disruptions. The upside was complemented by encouraging statements made by the IEA saying that OPEC was on the verge of clearing the global oil glut. Price action suggests that oil prices could edge higher near-term amid geopolitical tensions and optimism over OPEC supply cut rebalancing markets. However, rising production from U.S Shale could create obstacles for oil bulls down the road. 

Aluminium hits 6-years high, jumping 12% last week, biggest weekly jump in 38 years, with prices hovering around 11-week high. Supply side squeeze emanating from US sanctions on Rusal has driven the spot premiums higher for the metal. The company produces around 3.5mn tonnes of primary aluminium, contributing 6% to the global output. Other base metals also followed the gains but it’s expected to be short lived as they are teetering on the edge of a bear market due to high inventory, expected slowdown in China and potential escalation of a global trade war. 

Over this week, Risk off Sentiment may prevail and Geopolitical tensions will continue to support commodity space, as over the weekend, U.S., U.K. and France launched targeted missile strikes on Syria in retaliation for an apparent chemical attack by the regime of Bashar al-Assad on a rebel town. President Donald Trump said the missile strikes were focused on chemical weapons sites and he made clear that the U.S. is prepared to sustain the strikes until Syria stops using those weapons

Commodity Opening Bell 

Bullion - Opens on positive Note Gold -31030-31040 Silver -38710-31750 

Energy - Opens on mixed Note Crude Oil - 4360-4370 Natural Gas -176-176.30 

Base Metals - Opens on positive Note Copper -443-442.50 Nickel -900-905 Lead -153-152.90 Zinc - 203.40-203.50 Aluminium -151.80-152

Commodity Market News

MCX Gold prices closed down on Thursday as Gold prices slid Thursday, erasing their Wednesday advance as worries about a clash between U.S. and Russian military forces in Syria faded.

MCX Silver price down up on Thursday. On a daily Chart MCX Silver has taken support of Ichimoku cloud; which indicate a reversal move in the prices.

MCX Copper prices closed down on Thursday as worries over an escalating trade conflict between China and the United States eased and expectations of rising seasonal demand in the second quarter supported prices.

MCX zinc prices closed down on Thursday on the daily chart price has continuously trading below Ichimoku cloud; which indicate a further bearishness in price , Moreover, price has stabled below 100 DEMA, which act as resistance zone. I

Crude prices closed up on Thursday as concerns grew over the impact on global growth from an intensifying trade dispute between the US & China, as well as increased US drilling activity.

Commodity Opening Bell 

Bullion - Opens on negative Note Gold -31290-31300 Silver -39000-39060 

Energy - Opens on mixed Note Crude Oil - 4360-4370 Natural Gas -174.50-175 

Base Metals - Opens on negative Note Copper -448-447 Nickel -894-895 Lead -154.80-155 Zinc - 206-205.50 Aluminium -146.50-147

Commodity Market News

Gold prices saw a sharp rise and ended at the highest level in 11 week high primarily on back rising geopolitical tensions and on back of rise in expectations amongst investors for a faster U.S rate hikes by the Fed after the FOMC minutes came out. The Fed policy maker were of the opinion that the U.S economy would further strengthen and inflation would be on a steady rise in coming months.

Base metals traded mixed with some cool off seen in most before the end of the trading session. Aluminium prices extended their rally on Wednesday to a sixth straight session, hitting 11-week peak, amid persistent worries about shortages after the United States imposed sanctions on Russia’s Rusal.

Oil prices rallied and hit a new 2018 highs on increasing Geo political tensions as missile strikes on top crude exporter Saudi Arabia added to the market's worries about escalating conflict between the United States and Russia in Syria. This news overweighed the data from U.S.

Commodity Opening Bell 

Bullion - Opens on positive Note Gold -30940-30960 Silver -38730-38740 

Energy - Opens on positive Note Crude Oil - 4252-4255 Natural Gas -173-174 

Base Metals - Opens on mixed Note Copper -448.50-449 Nickel -886.50-887 Lead -155.50-155.60 Zinc - 211.30-211.50 Aluminium -144-144.30

Commodity Market News

MCX Gold prices closed up on Tuesday as China is considering devaluing the Yuan in order to gain an edge in the trade war. On the daily chart, MCX Gold has been trading between two consecutive trendline and treading in the rang of 30900-30500. 

MCX Silver price closed up on Tuesday. Overall, daily MCX Silver has formed “Symmetrical Triangle’’ formation; which is a indecisive in nature while global sentiment are positive for bullion.

MCX Copper prices closed up on Tuesday after a further cooling in trade tensions between the United States and China led to increased buying interest among investors.

MCX lead prices closed up on Tuesday, On the daily MCX lead has formed “Symmetrical Triangle’’ formation and trading in the rage of 158-151 only breakout of the range will decide the trend of the counter.

MCX Crude prices closed up on Tuesday as concerns grew over the impact on global growth from an intensifying trade dispute between the US & China, as well as increased US drilling activity.

MCX Natural Gas prices are struggling within a range bound momentum; where it is unable to break upper range of Rs.180 level while on downside Rs.162 level.

Commodity Opening Bell 

Bullion - Opens on mixed Note Gold -30660-30650 Silver -38300-38340 

Energy - Opens on mixed Note Crude Oil - 4040-4044 Natural Gas -174.50-174.80 

Base Metals - Opens on negative Note Copper -438-437.50 Nickel -853-854 Lead -154.80-155 Zinc - 210.20-209.50 Aluminium -134-133.50

Commodity Market News

MCX Gold prices closed up on Friday, recovered in second half of the session and traded near the previous close. On the daily chart, MCX Gold has been trading between two congestive trendline and treading in the rang of 31000-30200.

MCX Silver price closed flat on Friday. Overall, daily MCX Silver has formed “Symmetrical Triangle’’ formation; which is a indecisive in nature while global sentiment are positive for bullion.

MCX Copper prices closed flat on Friday. as recent tariff announcements by the U.S. and China are negotiating tactics and the countries will ultimately reach a compromise.

MCX lead prices closed flat on Friday, recovered in second half of the session and traded near the previous. daily MCX lead has formed “Symmetrical Triangle’’ formation and trading in the rage of 158- 151 only breakout of the range will decide the trend of the counter.

MCX Crude Oil prices closed down on Friday as escalating trade tensions between the world’s foremost economies threatens growth that drives energy demand.

MCX Natural Gas prices are struggling within a range bound momentum; where it is unable to break upper range of Rs.180 level while on downside Rs.162 level. 

Commodity Opening Bell 

Bullion - Opens on positive Note Gold -30660-30650 Silver -38300-38340 

Energy - Opens on mixed Note Crude Oil - 4105-4108 Natural Gas -174.50-175 

Base Metals - Opens on negative Note Copper -437-437.50 Nickel -858-859 Lead -154.80-154.70 Zinc - 210.20-210.30 Aluminium -129.80-129.90

.

Commodity Market News

President Trump suggested in a tweet yesterday that they are not in a trade war with China, that war was lost many years ago by the foolish, or incompetent, people who represented the US. Now they have a Trade Deficit of $500 Billion a year, with Intellectual Property Theft of another $300 Billion. 

Precious Metal prices are consolidating in mid-ground; the market seems stuck in a $1310-1360 per oz range. Given jittery stock markets and trade tensions, it is surprising gold prices are not attracting more interest. That said, talk of summits between the US and North Korea and the US and Russia, as well constructive developments between some of the Arab majors and Israel, all point towards some easing in geopolitical tensions. 

Crude Oil prices are supported on fall in US inventories coupled with possibility of extension in OPEC and Russia's cooperation to curb output. Russian Energy Minister Alexander Novak said that a joint organization for cooperation between OPEC and non-OPEC countries may be set up once the current deal on oil output curbs expires at the end of this year. Meanwhile, risk sentiment improved amid prospect of talks between US and China to avert a full-fledged trade war. However, uncertainty will prevail and if the new import tariffs are imposed they will affect global trade as well as economic growth.

Commodity Opening Bell 

Bullion - Opens on positive Note Gold -30760-30770 Silver -38450-38460 

Energy - Opens on mixed Note Crude Oil - 4119-4115 Natural Gas -177-176.50 

Base Metals - Opens on mixed Note Copper -441-440.50 Nickel -876-877 Lead -156.25-156.50 Zinc - 213-213.50 Aluminium -129.50-129.60

Commodity Market News

Gold prices traded lower on Tuesday, after giving a small recovery in previous day due to weaker dollar and trade dispute between U.S. and China.

MCX Silver opened on negative note and continued down for the day; where price has sustained below 21 DEMA on hourly chart.

MCX Copper traded in range bound momentum on Tuesday. Moreover, on daily chart, price has recovered & tested trend line breakdown point after a long correction.

MCX Zinc traded sideways on Tuesday and settled near the previous close. On the daily chart, price has sustained near the upper Bollinger band formation; which could be a immediate resistance level for the prices.

MCX Crude Oil fell down continuously on second day of the week as risk appetite withered in the face of retaliatory tariffs from China, and WTI.

MCX Natural Gas price has been moving between two consecutive trend line; where prices has traded near the lower line and falling down from last two weeks after showing a small recovery.

Commodity Opening Bell 

Bullion - Opens on negative Note Gold -30900-30925 Silver -38800-38810 

Energy - Opens on mixed Note Crude Oil - 4100-4115 Natural Gas -175-175.50 

Base Metals - Opens on mixed Note Copper -441-442 Nickel -881-882 Lead -156.90-156.80 Zinc - 214.50-214.60 Aluminium -132-132.10

Commodity Market News

Gold prices rose yesterday and gained more than 1% amidst escalation of trade spat between U.S and China. As market participants fear increases following trade wars between the two largest economies, investors have fled for safe haven bullion. Renewed safe-haven demand comes amid investors after Beijing unveiled retaliatory tariffs on Monday overnight.

Base metals showed some strength, with copper climbing to more than one-week high, finding support from stronger-than-expected mfg. growth in top metals user China, although worries over an escalating trade spat between Beijing and Washington kept the gains constrained.

Crude oil prices sank to their steepest one-day drop pressured by rise in Russia production and Saudis are said to be cutting prices of oil for their Asia customers, contributing to drop, while export data shows that despite OPEC-led production cuts, Russia's output of crude has continued to increase, knocking support out from under oil prices.