RESEARCH VIA DAILY COMMODITY REPORT FOR 20 NOV 13

Precious Metals
GOLD     SILVER 
                                                     D A I L Y B U Z Z
The trend in gold futures for December delivery on India's Multi Commodity Exchange (MCX) looks sideways to bearish for the day and intra-day traders are advised to sell on rise. MCX gold futures was seen trading with a gain of 0.13 at Rs.30090 per 10 grams as of 16.08 IST on Tuesday.

Gold prices continued their weakness in the global market and were seen trading almost steady amid weak physical demand, strengthening equity markets. Meanwhile, India gold futures remained almost steady tracking weak global cues and on appreciation of Indian Rupee against US Dollar.

Comex gold futures for December delivery was seen trading with a gain of $1 at $1273.3 per troy ounce as of 16.07 IST while the futures on India's Multi Commodity Exchange (MCX) was seen trading with a gain of 0.13 at Rs.30090 per 10 grams as of 16.08 IST on Tuesday.

Base Metals & Energy
COPPER      CRUDE OIL
                                                  D A I L Y B U Z Z
              Copper prices rose by 0.08 per cent on Tuesday at the domestic markets after German economic sentiment improved more-than-expected in November, rising to the highest level since October 2009 raising the demand outlook for the industrial metal. ZEW Centre for Economic Research said that its index of German economic sentiment rose by 1.8 points to hit 54.6 in November from October’s reading of 52.8. At the MCX, copper futures for November 2013 contract were trading at Rs. 433.40 per 1 kg, up by 0.08 per cent, after opening at Rs. 432.40 against the previous closing price of Rs. 433.05. It touched the intra-day high of Rs. 433.80 till the trading. (At 4.20 PM today). Sentiment improved further due to the decline in the copper stockpiles at the London Metal Exchange (LME) on account of the strong demand for the commodity. LME copper stocks fell by 1300 metric tonnes to 447650 metric tonnes as on November 19, 2013.

            Crude oil prices rose by 0.14 per cent on Tuesday at the domestic markets as a probable decline in US crude oil stockpiles last week may signal a pickup in fuel demand in the world’s biggest crude oil consuming nation. US crude oil stockpiles may have declined 1 million barrels last week, according to
analysts’ estimates ahead of Energy Department data. At the MCX, crude oil futures for November 2013 contract were trading at Rs. 5,781 per barrel, up by 0.14 per cent, after opening at Rs. 5,773 against the previous closing price of Rs. 5,773. It touched the intra-day high of Rs. 5,794 till the trading. (At 4.45 PM today). Sentiment improved further after ZEW Centre for Economic Research said that its index of German economic sentiment rose by 1.8 points to hit 54.6 in November from October’s reading of 52.8 in turn raising the demand outlook for the fuel.

Agro Outlook
                                              D A I L Y B U Z Z
India soybean futures dropped on Wednesday as a result of profit booking despite weak Indian
currency and concerns over crop damage in key soybean growing areas due to excess rain fall
activities.

Soybean futures for December delivery on India's National Commodity and Derivatives Exchange (NCDEX) was seen trading with a loss of 1.13% at Rs.3920 per 100 kgs as of 13.14 IST on Wednesday.

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MCX Gold and Silver Tips, Copper and Crude Updates, NCDEX Tips

As we know that yesterday all products in MCX Commodity Market were closed at negative prices. But today all are trading at positive prices. MCX Gold is trading above Rs. 28,900 and MCX Silver is trading near at Rs. 55,700. MCX Copper is also trading at higher prices today, it is trading above the level of Rs. 400. We assume that MCX Gold, Silver, Copper, Crude all are trading at higher price today. All base metals are trading flat today.

NCDEX Agri Commodity Market Updates Today:
Outlook for Soybean is seen down for the day. CPO is expected to trade lower. Guar Complex is expected to trade sideways to lower for the day. Outlook for Chana is up for the day. Outlook for Jeera is sideways to down for the day. Pepper futures to trade lower for the day.

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Crude Updates - MCX Commodity Market News and Tips

Today is the new day for trading in new week. Last week we saw both MCX and NCDEX Commodity Market Prices were very up and down. Last week MCX Copper and Gold Prices touch the highest price levels where MCX Silver prices touch lower price levels as compare to last 2 months. This week we can see very up and down of the prices of MCX Gold, Silver, Copper, Crude and other Base Metals. Today MCX Gold, Silver, Copper, Crude are trading at lower prices. Only few Base Metals are trading at higher prices today. MCX Gold is trading near at Rs. 28,700 and MCX Silver is trading near at Rs. 54,550. MCX Gold price is very up and down for the day. Now MCX Gold is trading at positive price.

NCDEX Agri Commodity Market News:-
Pepper futures may trade in consolidation owing to sideways trend prevailing at the spot markets. Jeera futures may trade range bound. Chana futures may hold support above 3,500 levels. For this week Guar seed has resistance at 4540 and support at 4265. For this week Chana has resistance at 3635 and support at 3525.

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MCX and NCDEX Commodity Market Updates Today

Today MCX Commodity Market again trading negative. All the products in MCX Commodity Market MCX Bullions, Base Metals, Energy are trading negative for the day. MCX Gold, Silver, Copper, Crudeoil and all Base Metals are trading at lower prices today. MCX Gold Dec is currently at Rs. 29064,it is trading down by Rs. 107 points for the day. MCX Silver Dec is currently trading at Rs. 57638, it is down by Rs. 347. MCX Crude Oil December is currently trading at Rs. 5015, it is trading down by Rs. 15 for the day. All base metals are trading on a negative note today.

Precious metals (Bullions: Gold and Silver) are trading lower on MCX Commodity today. We expect prices to trade lower for the following  trading session. All Base metals are trading lower on International bourses today. We expect prices to trade lower for the day. Crude oil is also trading lower on MCX Commodity Market today. We expect prices to trade lower for the day.

NCDEX Agri Commodity Market News and Updates Today:
Pepper futures to trade lower for the day. Pepper futures may remain sideways facing resistance neat 35,050 levels. Turmeric futures may trade higher. Cardamom futures may trade in bearish zone. Outlook for Soybean is seen up for the day. Guar Complex is expected to trade lower for the day. Outlook for Chana is up for the day. Outlook for Jeera is sideways to down for the day.

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Free Commodity tips, mcx tips, mcx silver tips, gold tips, NCDEX Updates Today

Today MCX Gold, Copper and other Base Metals are open positive and trading at higher prices. Only MCX Silver, Crudeoil and Naturalgas are trading at lower prices. Today Copper Prices touch its high price above Rs. 395 in MCX. MCX Gold is currently trading near at Rs. 28,900 and MCX Silver is trading near about Rs. 57,700. We assume that MCX Gold touch the levels of Rs. 29,000 and MCX Silver Touch the levels of Rs. 58,000 in coming days.

Precious metals (MCX Gold and Silver) are trading higher on MCX today. We expect prices to trade higher for the day. Base metals are trading higher on International bourses today. We expect prices to trade higher for the day. Crude oil is trading Lower on MCX today.

NCDEX Agri Commodity Market Updates and Tips Today:-
Pepper futures is likely to remain range bound taking support above 34,000 levels. Jeera futures may trade bearish. Cardamom futures may trade bearish owing to profit booking & weak spot markets. Guar complex may trade sideways. Soybean futures is taking support above 2190 levels.

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