Commodity Outlook for Soya Oil by KediaCommodity

Soya OilRef Soyaoil rose tracking a rise in Malaysian palm oil prices. Ref Soyaoil yesterday traded with the positive node and settled 0.35% up at 449.15. In yesterday's trading session Ref Soyaoil has touched the low of 448.6 after opening at 449, and finally settled at 449.15. For today's session market is looking to take support at 448.2, a break below could see a test of 447.3 and where as resistance is now likely to be seen at 450.5, a move above could see prices testing 451.9.

Trading Ideas:

Ref soyaoil trading range is 447.3-451.9.

Ref Soyaoil rose tracking a rise in Malaysian palm oil prices

GM extends loss tally; adds $4.3bn in H2 2009

GM extends loss tally; adds $4.3bn in H2 2009Auto major General Motors announced a loss of $4.3 billion for the second half of 2009 on Wednesday. Nevertheless, the company expected to return back to profit in 2010.

Vice Chairman and Chief Financial Officer of the auto manufacturer Chris Liddell said on the occasion that the 2009 results indicated that the company still needed to a lot more. But he remained positive about the company's chances of generating profit this year.

Commodity Outlook for Aluminium by KediaCommodity

AluminiumRussian exported in January-February 508,400 metric tons of aluminum, 2.4% more than in the corresponding two months last year, the federal customs service reported.  The exported aluminum was worth $863.3 million compared with $902.2 million a year ago. Aluminium has touched a low of Rs 103.5 a kg after opening at Rs 104.3, and last traded at Rs104.25.For today market is looking for the support at 103.6, a break below could see a test of 102.9 and where as resistance is now likely to be seen at 104.8, a move above could see prices testing 105.4.

Trading Ideas:

Aluminium trading range is 102.9-105.4.

Riteish and I are great friends" - Jackie

Riteish and I are great friends" - JackieJacqueline Fernandez a. k. a. Jackie has learnt the tricks of the trade and done so really fast. Not to be disturbed by thousands of rumours and link up stories making the rounds, Jackie is smiling it all away and having fun in Bollywood.

"I truly feel that this is my time to prove myself. I can stand up and say that 'Hey, I can actually do it'. Today, I am not just a pretty face standing or being there as an accessory", says Jackie.

Monsanto plans to slash prices of GM seeds

Monsanto plans to slash prices of GM seedsThe world's biggest seed company Monsanto Co. is currently mulling over a probable price cut on genetically modified (GM) seeds to boost the acceptability of the new seeds in the global market. The company is aiming at a 15 per cent bottom-line growth in financial year 2011 from increased sales due to the price cut.

The seed grower has reached to such a decision after its discussions with 1200 growers and low sales forecast, Monsanto's Chief Executive Hugh Grant said on Wednesday.

Commodity Outlook for Natural Gas by KediaCommodity

Natural GasNatural gas fell for a second day on expectation that a government report will probably show a bigger-than-average expansion in U. S. stockpiles of the heating and factory fuel. The Energy Department may say supplies rose 29 billion cubic feet last week. Natural Gas yesterday we have seen that market has moved -0.83%. Market has opened at 182.6 & made a low of 179.6 versus the day high of 186.8. The total volume for the day was at 37473 lots and the open interest was at 14236. Now support for the Natural Gas is seen at 178.3 and below could see a test of 175.4. Resistance is now likely to be seen at 185.5, a move above could see prices testing 189.8.


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