China’s wheat imports, in contrast, exhibited weakness in April, coming in at 203.3Kt, down 31% y/y. Quality concerns over China’s domestic crop had been supporting wheat import demand for much of 2012, wi..
Overall, Chinese implied oil demand in April rose by 2.7% y/y to 9.6 mb/d. The growth rate of 300 thousand b/d is lower compared to the 800 thousand b/d average seen in Q4 last year and follows throug..
For intra-day, support for the base metal is seen at 829 while 845 is the resistance. Traders may buy around 836 with stop loss of 829 for the target of 844. MCX nickel for May delivery was seen tradi..
For intra-day, crucial support for the commodity is seen at 5300 while 5350 is the resistance. Traders may take buy position near 5330 with stop loss of 5300 for the target near 5380. MCX crude oil fu..