After showing a strong upward trend, Crude oil prices slightly reverse their direction

After showing a strong upward trend, Crude oil prices slightly reverse their directionAfter going close to $87 per barrel mark, Crude oil for May delivery settled in New York with prices falling under $86 per barrel.

It was further reported that the price of May delivery lost $1.13 from a prior settlement to $85.75 per barrel on the New York Mercantile Exchange with the dollar index down 0.3 percent.

Loosing 0.0296 cents, front-month contract heating oil futures for May delivery ended the day at $2.2387 per gallon.

Commodity Outlook for Pepper by KediaCommodity

PepperPepper ended down weighed by poor overseas demand and dull cues from the spot market. The long-term trend continues to be positive with limited supply in the domestic market. Spot pepper fell by 238 rupees to end at 15,192 rupees per 100 kg in Kochi, a major trading hub in Kerala. April delivery dropped Rs 378 and settled at Rs 14924/quintal. The contract touched the intra day high of Rs 15390/quintal while low of Rs 14866/quintal. Now support for the pepper is seen at 14730 and below could see a test of 14536. Resistance is now likely to be seen at 15254, a move above could see prices testing 15584.

Trading Ideas:

Pepper trading range is 14536-15584.

Commodity Outlook for Guar by KediaCommodity

GuarGuar ended slightly up on some buying support at lower-levels after prices fell for two sessions in a row losing nearly 2 percent. In the Jodhpur spot market, guar edged up 5 rupees to end at 2,326 rupees per 100 kg. Guar yesterday we have seen that market has moved 0.52%. Market has opened at 2305 & made a low of 2294 versus the day high of 2319. The total volume for the day was at 74610 lots and the open interest was at 112250.Now support for the guar is seen at 2298 and below could see a test of 2283. Resistance is now likely to be seen at 2323, a move above could see prices testing 2333.

Trading Ideas:

Guar trading range is 2283-2333.

Boney Kapoor: “Now Milenge Milenge Release Depends on Kareena”

Boney Kapoor: “Now Milenge Milenge Release Depends on Kareena”The release of Milenge Milenge now depends on Kareena Kapoor. Producer Boney Kapoor met her for the publicity of the film before she left for Goa to shoot for Ra. 1.

Shahid Kapoor has done his bit. Now it’s up to Kareena Kapoor to see when their pending film Milenge Milenge is released.

Shahid shot the music video for the film with choreographer on March 26 with Ahmed Khan. The track written by Sameer Anjaan and composed by Himesh Reshammiya goes…. Sab kuch khatam hokar bhi tere mere darmiyaan kuch to baki hai…

Commodity Outlook for Nickel by KediaCommodity

NickelSumitomo Metal Mining Co Limited plans to up its nickel production by 23% and keep its copper ou

Commodity Outlook for Zinc by KediaCommodity

ZincZinc yesterday traded with the negative node and settled -0.89% down at 106.4. Some pressure had been seen from the LME stock also which came up by 75mt, the total stock at LME is now at 546200mt. In yesterday's trading session zinc has touched the low of 105.25 after opening at 107.3, and finally settled at 106.4. For today's session market is looking to take support at 105, a break below could see a test of 103.6 and where as resistance is now likely to be seen at 108, a move above could see prices testing 109.6.Spread between zinc APR & MAY contracts yesterday ended at 0.7. Spread yesterday traded in the range of 0.6 - 0.75.

Trading Ideas:

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