Weekly Market Update - Kedia Commodity

Bullion dropped last week as the U.S. dollar rallied following the release of better-than-forecast U.S. non-farm payrolls data. Gold’s losses accelerated after prices broke below key support levels close to the USD1,690-level, triggering fresh sell orders amid bearish chart signals. The unemployment rate ticked up to 7.9% from 7.

Commodity Chart Picks 2nd Nov. 2012 - JRG Securities

Kapas Apr NCDEX

Market failed to breach the resistance of 1008 and resulted in selling pressure. Prices have broken the support of 981 yesterday suggesting weakness today. Stay on sell side today with possible target of 965.

Pepper End of Bullish trend - JRG Securities

In futures market, contracts are in steep backwardation, where February contract trading below Rs38000 per quintal, about Rs5000 lower than first month contract. Near month contracts are trading higher due to short supplies. However, about 5500 tonnes of pepper is getting expired in next two months, which is expected to come into deliv

Commodity Chart Picks 1st Nov. 2012 - JRG Securities

Soybean Dec NCDEX

The market recovered decently yesterday to close above 3320 levels. Today the market is expected to open higher after a firm CBOT soy complex. We expect positive momentum should be seen throughout the day with resistance at 340