The recent falls in gold have been contributed to a strengthening US dollar and persistent...
In terms of the regional end-demand breakdown, given that zinc (50%) and copper (43%) have.. 
That is a tough call. Copper has always been considered an indicator of future economic st.. 
- Commodity
- |
- Contract
- |
- Trend
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- Pivot Point
- Rubber
- June
- Sideways
- 17079
- Cardamom
- June
- Sideways
- 727
- Turmeric
- June
- Bearish
- 6057
- Soy Bean
- June
- Sideways
- 3889
- Refined Soy Oil
- June
- Sideways
- 699
- MCX Silver hit record low on aggressive sell off
- On Monday trade, Silver July contract declined to low of 40749 Rs/kg at 11.42 pm IST and is expected to trade negative in later session. For intra-day, support is now seen at 40400, 40000 levels and resistance at 41500 & 42000, analyst said.
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Continued year-over-year declines in U.S. beef production are expected to push beef exports lower..
By Col. Ajay
As per financial astrology, transit OD Sun in Saturn house is ..
MUMBAI (Commodity Online): India soyoil futures are expected to trade in a positive zone as upcoming demand boosters of festive and marriage season kick-in. However profit-booking is expected at current levels.
On physical markets bulk buyers are aggressively buying soyoil. However, cheap availability of palm and other edible oils may prevent soyoil futures from reaching higher levels.
“For short term the trend is looking bullish. But some profit booking is expected at current levels.” said Milan Shah, Research Analyst at Commodity Online commenting on soyoil futures on NCDEX.
“Support is at 700 level and resistance at 725.” noted Milan.
Cold weather is likely to help soyoil prices to remain firm. Also, fall in soyoil supply in spot markets may support both soyoil futures and spot prices.
According to the United States Department of Agriculture (USDA), the world soy oil production is expected to rise for the year 2012-13 on improved production in China and Argentina.
