Commodity Outlook for Guar by KediaCommodity

GuarGuar yesterday we have seen that market has moved 1.22% on low-level buying driven by good demand for

Commodity Outlook for Nickel by KediaCommodity

NickelJinchuan Group Co., China's largest nickel and cobalt producer, has raised its refined nickel price by CNY2,000 ($443) to CNY158,000 a metric ton. Nickel has touched a low of Rs 948 a kg after opening at Rs.969.2, and last traded at Rs 958.For today market is looking for the support at 945.1, a break below could see a test of 932.3 and where as resistance is now likely to be seen at 973.7, a move above could see prices testing 989.5.

Trading Ideas:

Nickel trading range is 932.3-989.5.

Jinchuan Group Co has raised its refined nickel price by CNY2,000

Nickel is getting support at 952.20 and resistance is at 964.80

Commodity Outlook for Zinc by KediaCommodity

ZincZinc output from Chinese-owned Australian miner Minerals & Metals Group, or MMG, rose 28% on the quarter to 178,979 metric tons in concentrate in the fiscal second quarter ended June 30, the company said. Zinc yesterday we have seen that market has moved -1.99%. Market has opened at 90.1 & made a low of 87.75 versus the day high of 90.35. The total volume for the day was at 28978 lots and the open interest was at 5711.Now support for the zinc is seen at 87.4 and below could see a test of 86.3. Resistance is now likely to be seen at 90, a move above could see prices testing 91.5.

Trading Ideas:

Zinc trading range is 86.3-91.5.

Commodity Outlook for Copper by KediaCommodity

CopperCopper slid as a stronger dollar and some disappointing U.S. data led investors to believe the economy wasn't able to support prices that rose last week. Strong corporate earnings reports and some upbeat economic data had led to speculation that demand for copper would continue to rise despite the sluggish economic recovery, pushing prices 8.2% higher last week. Copper has touched a low of Rs 328.5 a kg after opening at Rs 333.3, and last traded at Rs331.4.For today market is looking for the support at 328.7, a break below could see a test of 326 and where as resistance is now likely to be seen at 333.9, a move above could see prices testing 336.3.

Trading Ideas:

Commodity Outlook for Crude Oil by KediaCommod

Crude oilCrude oil fell as a report showing consumer confidence fell in July weighed on oil and

USD / JPY Technical Forex Analysis for Forex Traders

The Dollar penetrated the resistance specified in yesterday’s report 87.37, and came extremely close to the suggested target 88.01 (yesterday’s high was 87.96).

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