Former BART police officer found guilty in involuntary manslaughter

Former BART police officer found guilty in involuntary manslaughterFormer BART police officer Johannes Mehserle was found guilty of involuntary manslaughter in the killing of Oscar Grant III by a Los Angeles jury on Thursday.

It has been reported that the jury reached its verdict after one full day of deliberation on the question of whether Mehserle should be acquitted or found guilty of second-degree murder or manslaughter in the Jan. 1, 2009, killing in Oakland, Calif., in which Mehserle said he mistakenly drew his pistol instead of his stun gun.

Commodity Outlook for Jeera by KediaCommodity

JeeraJeera August contract dropped Rs 341 and settled at Rs 13480 a kg on lack of supplies as stockists held back sales in anticipation of higher prices. Traders want better price for their produce. However, weak export demand capped the upside. In Unjha spot prices gained 165 rupees and settled at 13165 rupees per 100 kg. The contract made intraday low of Rs 13130 a kg and high of Rs 13496 a kg. Support for jeera is at 13241 below that could see a test of 13003. Resistance is now seen at 13607 above that could see a resistance of 13735.

Trading Ideas:

Jeera trading range is 13003-13735.

Commodity Outlook for Turmeric by KediaCommodity

TurmericTurmeric yesterday we have seen that market has moved 0.38% helped by limited stocks in the spot markets, but reviving monsoon, which is expected to help sowing and boost output limited the upside. Good rains are helping sowing and pressuring prices. In Nizamabad spot prices rose 21 rupees and ended at 14736 rupees per 100 kg. Market has opened at 14330 & made a low of 14276 versus the day high of 14540. The total volume for the day was at 4985 lots and the open interest was at 6185.Support for turmeric is at 14285 below that could see a test of 14149. Resistance is now seen at 14549 above that could see a resistance of 14677.

Trading Ideas:

Commodity Outlook for Chana by KediaCommodity

ChanaChana gained Rs 9 and settled at Rs 2296 per quintal on improved spot demand, though good rainfall over kharif pulses growing areas capped the upside. At lower level demand is improving in physical market. In the Delhi spot market, chana rose by 13 rupees to 2,212 rupees per 100 kg. The volume was noted at 90140 lots. Support for chana is at 2287 below that could see a test of 2278. Resistance is now seen at 2308 above that could see a resistance of 2320.

Trading Ideas:

Chana trading range is 2278-2320.

Chana ended positive on improved spot demand

Support for the chana is seen at 2287 and resistance is at 2308.

USD / JPY Technical Forex Analysis for Forex Traders

Our waiting finally paid, as we finally saw the Dollar/Yen sharply bouncing as we have expected, and as we have been waiting for.

Commodity Outlook for Soyabean by KediaCommodity

SoybeanSoyabean yesterday we have seen that market has moved 1.63% tailing gains in the global markets and on lower-level buying, though weak exports and higher stocks weighed. In the Indore spot market, soybean rose by 17 rupees to 1,891 rupees per 100 kg. Market has opened at 1908 & made a low of 1908 versus the day high of 1933. The total volume for the day was at 48510 lots and the open interest was at 123390.Support for soyabean is at 1914 below that could see a test of 1899. Resistance is now seen at 1939 above that could see a resistance of 1949.

Trading Ideas:

Soyabean trading range is 1899-1949.

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