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Natural Gas Strategy Report by Choice Broking Ltd NATURAL GAS Natural gas has surged significantly in this week, inclined by nearly 11% in December contract, driven by a larger-than-expected decline in US Inventories and Colder weather forecast suggesting rise in heating demand. Natural gas price has resumed today with gapped higher by 3%, continued to trade in bullish momentum for 3rd consecutive session. On Daily chart, Natural gas price has continued to trade in Rising channel formation, trailing over 20-DMA level placed at 277. Imm...
Natural Gas Strategy Report by Choice Broking Ltd
Natural Gas Strategy Report by Choice Broking Ltd
Source: Choice Broking Ltd.
2024-12-20 05:57:01 pm
Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 20 December 2024 - Geojit Financial Services Ltd Bullion Gold Extended dip below 74930 may induce further weakness. Recovery moves may gather momentum above 75980 region.   Silver Extended dip below trend line support 85700 may trigger weakness. Inability to cross below the same may induce recovery upticks.   Energy Crude Oil Prices may weaken further below 5800 region. Else, mild recovery upticks may occur holding the same region.   Natural Gas Prices may edge northward in the ...
Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 20 December 2024 - Geojit Financial Services Ltd
Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 20 December 2024 - Geojit Financial Services Ltd
Source: Geojit Financial Services Ltd
2024-12-20 05:34:02 pm
Quote on Gold by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities Below the Quote on Gold by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities   "Gold witnessed minor buying as the $2,600 level on Comex acted as a temporary support, alongside Rs.75,500 in the domestic MCX market. The momentum remains volatile due to uncertainties surrounding the interest rate cycle. Although the Fed decided to keep rates lower, its projections indicated fewer rate cuts going forward, which has maintained pressure on gold prices f...
Quote on Gold by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
Quote on Gold by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
Source: LKP Securities Ltd
2024-12-20 04:55:26 pm
India`s Steel Imports from China Hit Record High in FY25 by Amit Gupta, Kedia Advisory India's finished steel imports from China reached a record high in the first eight months of FY25, with 1.96 million metric tons shipped, a 22.8% increase year-on-year. Overall, steel imports rose 26.6%, hitting an eight-year high, with China, Japan, and South Korea accounting for 79% of total imports. The surge has impacted India's smaller mills, forcing operational cuts, as New Delhi considers safeguard duties to curb the influx. While India's steel demand remains strong, driven...
India`s Steel Imports from China Hit Record High in FY25 by Amit Gupta, Kedia Advisory
India`s Steel Imports from China Hit Record High in FY25 by Amit Gupta, Kedia Advisory
Source: Kedia Advisory
2024-12-20 03:21:39 pm
China`s Coffee Market: Rapid Growth and Global Impact by Amit Gupta, Kedia Advisory China's coffee consumption has surged by 150% over the past decade, driven by urbanization, younger demographics, and evolving preferences for higher-quality green coffee. Consumption is projected to reach 6.3 million 60-kg bags in 2024/25, with imports fulfilling a significant portion of demand. Production, concentrated in Yunnan Province, remains stable at around 2 million bags, with efforts to shift from Catimor to premium Arabica varieties like Bourbon and Typica. Import trends reveal...
China`s Coffee Market: Rapid Growth and Global Impact by Amit Gupta, Kedia Advisory
China`s Coffee Market: Rapid Growth and Global Impact by Amit Gupta, Kedia Advisory
Source: Kedia Advisory
2024-12-20 01:00:34 pm
China`s November Soybean Imports : Shift from Brazil to U.S. by Amit Gupta, Kedia Advisory In November 2024, China's soybean imports from Brazil fell 25% year-on-year, while U.S. shipments surged as concerns over trade tensions influenced buying decisions. China imported 2.79 million tons of U.S. soybeans, an increase from 2.29 million tons last year. Despite a decline in Brazilian imports, they still accounted for the majority at 3.94 million tons. Argentina saw a significant rise in shipments with 242,227 tons, up from 54,214 tons in November 2023. For the 11 months of 2024, ...
China`s November Soybean Imports : Shift from Brazil to U.S. by Amit Gupta, Kedia Advisory
China`s November Soybean Imports : Shift from Brazil to U.S. by Amit Gupta, Kedia Advisory
Source: Kedia Advisory
2024-12-20 12:57:29 pm
Buy Kapas Apr @ 1475 SL 1465 TGT 1490-1500. NCDEX - Kedia Advisory Cotton Candy Cotton candy futures declined by 0.3%, settling at Rs.54,020, weighed down by projections of increased global cotton production for 2024-25, expected to rise by 1.2 million bales to 117.4 million bales. This growth is driven by higher output in India and Argentina. In contrast, the northern Indian states of Punjab, Haryana, and Rajasthan have reported a 43% decline in kapas arrivals compared to the previous year, exacerbating raw material shortages for ginners and spinners. Fa...
Buy Kapas Apr @ 1475 SL 1465 TGT 1490-1500. NCDEX - Kedia Advisory
Buy Kapas Apr @ 1475 SL 1465 TGT 1490-1500. NCDEX - Kedia Advisory
Source: Kedia Advisory
2024-12-20 12:27:44 pm
Buy Zinc Dec @ 277 SL 275 TGT 280-282. MCX - Kedia Advisory Aluminium Observation Aluminium trading range for the day is 240-243. Aluminum fell as a strong greenback and ample supply magnified the impact of uncertain demand. The latest data showed that the output of primary aluminum in China rose by 3.6% from the previous year in November. China’s aluminum production increased by 2.74% YoY BUY ALUMINIUM DEC @ 240 SL 238 TGT 242-244. MCX   Copper Observation Copper trading range for the day is 791.9-804.7. ...
Buy Zinc Dec @ 277 SL 275 TGT 280-282. MCX - Kedia Advisory
Buy Zinc Dec @ 277 SL 275 TGT 280-282. MCX - Kedia Advisory
Source: Kedia Advisory
2024-12-20 12:22:54 pm
Buy Turmeric Apr @ 13700 SL 13400 TGT 14000-14200. NCDEX - Kedia Advisory Jeera Observations Jeera trading range for the day is 23830-24250. Jeera prices gained as sowing has been delayed Higher day temperatures in the past few weeks has impacted the seeding of jeera and has also led to poor germination in various places. In Gujarat, jeera sowing has taken place in only 57,915 hectares till November 25 during the rabi 2024-25 cropping season. In Unjha, a major spot market, the price ended at 24374.8 Rupees dropped by -0.02 percent. BUY JEERA JA...
Buy Turmeric Apr @ 13700 SL 13400 TGT 14000-14200. NCDEX - Kedia Advisory
Buy Turmeric Apr @ 13700 SL 13400 TGT 14000-14200. NCDEX - Kedia Advisory
Source: Kedia Advisory
2024-12-20 12:16:50 pm
Buy Naturalgas Dec @ 298 SL 292 TGT 306-312. MCX - Kedia Advisory Crudeoil Observation Crudeoil trading range for the day is 5847-6067. Crude oil dropped amid concerns about the outlook for oil demand, especially China U.S. Fed outlook for two rate cuts in 2025 stirs demand worries Global oil demand growth running below JP Morgan forecast Saudi Arabia's crude oil exports in October rose to their highest level in four months SELL CRUDEOIL JAN @ 5960 SL 6040 TGT 5870-5800. MCX   Naturalgas Observation Naturalgas t...
Buy Naturalgas Dec @ 298 SL 292 TGT 306-312. MCX - Kedia Advisory
Buy Naturalgas Dec @ 298 SL 292 TGT 306-312. MCX - Kedia Advisory
Source: Kedia Advisory
2024-12-20 12:11:26 pm
Buy Silver Mar @ 86800 SL 86300 TGT 87400-87800. MCX - Kedia Advisory Silver Observations Silver trading range for the day is 84935-90625. Silver dropped amid pressure from a hawkish Federal Reserve and a poor outlook for silver’s industrial utility. The US economy expanded an annualized 3.1% in the third quarter of 2024 Fed officials also boosted their estimate of the long-run neutral rate of interest to 3%. U.S. central bankers now project they will make just two quarter-percentage-point rate reductions by the end of 2025. BUY SILVE...
Buy Silver Mar @ 86800 SL 86300 TGT 87400-87800. MCX - Kedia Advisory
Buy Silver Mar @ 86800 SL 86300 TGT 87400-87800. MCX - Kedia Advisory
Source: Kedia Advisory
2024-12-20 12:06:56 pm
Buy Gold Feb @ 75400 SL 75200 TGT 75700-75900. MCX - Kedia Advisory Gold Observations Gold trading range for the day is 74865-76845. Gold fell after Fed signals slower easing pace in 2025 Fed’s Powell said that Fed policymakers want to see more progress on bringing inflation down as they consider the path of future rate cuts. Traders now will be watching out for key U.S. GDP and inflation data due later this week that could further shape expectations around monetary policy. India's gold imports are poised for a sharp slowdown in De...
Buy Gold Feb @ 75400 SL 75200 TGT 75700-75900. MCX - Kedia Advisory
Buy Gold Feb @ 75400 SL 75200 TGT 75700-75900. MCX - Kedia Advisory
Source: Kedia Advisory
2024-12-20 12:05:12 pm
Crude oil closed the day down as the US dollar extended gains following the Fed`s hint of a more cautious approach to interest-rate decreases next year - HDFC Securities GLOBAL MARKET ROUND UP * Gold remained at the lower end of the range on Thursday after plunging to a fiveweek low as the Federal Reserve suggested that it intends to slow down the pace of interest-rate cuts in the coming year, pushing the dollar to a two-year peak. Yesterday's US GDP report also underscored the economy's resilience, with consumer spending revised higher, strengthening the case for slower easing. * The US GDP rose at an annualized pace of 3.1% in the third quarte...
Crude oil closed the day down as the US dollar extended gains following the Fed`s hint of a more cautious approach to interest-rate decreases next year - HDFC Securities
Crude oil closed the day down as the US dollar extended gains following the Fed`s hint of a more cautious approach to interest-rate decreases next year - HDFC Securities
Source: HDFC Securities Ltd
2024-12-20 12:01:35 pm
Aluminum is expected to move lower towards 240, as long as it trades under 243 - ICICI Direct Metal’s Outlook Bullion Outlook * Spot gold is to expected to remain under pressure amid strong dollar and diminishing prospects of Fed rate cuts in 2025. Better than expected US economic numbers has raised the probability of steady rates in the first quarter of 2025. Further, sticky inflation numbers would also strengthen the chance of a pause by the Fed. For the day focus will remain on key US Core PCE data which could bring further volatility in prices. Moreover, traders will a...
Aluminum is expected to move lower towards 240, as long as it trades under 243 - ICICI Direct
Aluminum is expected to move lower towards 240, as long as it trades under 243 - ICICI Direct
Source: ICICI Direct
2024-12-20 11:50:18 am
Crude Oil has bounced seen good recovery but 6050 is strong hurdle so sell on rise near 6005 for tgt of 5900 and stoploss of 6075 - Tradebulls Securities Pvt Ltd Gold Gold is now coming into xmas season and so range will get constrained this week after US Fed rate cut have disappointed the market. Buy on dips near 75800 for tgt of 76400 and stoploss of 75600.   Crude Oil Crude Oil has bounced seen good recovery but 6050 is strong hurdle so sell on rise near 6005 for tgt of 5900 and stoploss of 6075.   Base Metals Update Base metals are trading mixed as yesterday’s weak European PMI was negative for base met...
Crude Oil has bounced seen good recovery but 6050 is strong hurdle so sell on rise near 6005 for tgt of 5900 and stoploss of 6075 - Tradebulls Securities Pvt Ltd
Crude Oil has bounced seen good recovery but 6050 is strong hurdle so sell on rise near 6005 for tgt of 5900 and stoploss of 6075 - Tradebulls Securities Pvt Ltd
Source: Tradebulls Securities Pvt Ltd
2024-12-20 11:44:13 am
Crudeoil trading range for the day is 5847- 6067 - Kedia Advisory Gold Gold prices fell by 1.31% to settle at Rs.75,651, pressured by the Federal Reserve’s decision to maintain a cautious stance on future rate cuts. Although the Fed lowered rates as expected, its projection of only two cuts in 2025 signals a slower path of monetary easing, bolstering the dollar and Treasury yields. Fed Chair Jerome Powell emphasized the need for further progress in controlling inflation before considering additional policy adjustments. Traders now await upcoming U...
Crudeoil trading range for the day is 5847- 6067 - Kedia Advisory
Crudeoil trading range for the day is 5847- 6067 - Kedia Advisory
Source: Kedia Advisory
2024-12-20 11:16:49 am
Agri Commodity Technical Report 20 December 2024 - Geojit Financial Services Ltd TECHNICAL VIEW JEERA NCDEX JAN Choppy moves expected. A direct rise above 24500 or a fall below 23400 may lend fresh direction for the day. DHANIYA NCDEX JAN May vary inside 7700-8100 ranges. TURMERIC NCDEX APR May trade sideways to weak. However, an unexpected rise above 14350 may improve sentiments.   COCUDAKL NCDEX JAN While there prevails a weak bias, pullbacks to 2645/2680 ranges may not be ruled out KAPAS NCDEX APR25 While there prevails a ...
Agri Commodity Technical Report 20 December 2024 - Geojit Financial Services Ltd
Agri Commodity Technical Report 20 December 2024 - Geojit Financial Services Ltd
Source: Geojit Financial Services Ltd
2024-12-20 11:08:25 am
Commodity Intraday Technical Outlook 20 December 2024 - Geojit Financial Services Ltd Intraday Technical Outlook Gold LBMA Spot Mild weakness is likely to extend while prices stay below $2600. Silver LBMA Spot Expect to continue the weak momentum as long a prices stay below $30. Crude Oil NYMEX Intraday momentum mostly on the weaker side. Stiff resistance is placed at $71. Gold KG Feb As long as prices stay below Rs 77000 there are chances of weak bias to continue the day. Silver KG Mar While below Rs 90000 momentum mostly on the weaker side....
Commodity Intraday Technical Outlook 20 December 2024 - Geojit Financial Services Ltd
Commodity Intraday Technical Outlook 20 December 2024 - Geojit Financial Services Ltd
Source: Geojit Financial Services Ltd
2024-12-20 11:01:13 am
MCX Gold is likely to trade with sideways to negative bias during today`s trading session - Monarch Networth Capital Ltd COMMODITY TECHNICAL OUTLOOK * MCX Gold is likely to trade with sideways to negative bias during today’s trading session. Support is at Rs.75300 - 75000 levels whereas resistance is at Rs.75900 – 76200 levels. * MCX Silver is likely to trade with negative bias during today’s trading session. Support is at Rs.86300 - 85300 levels whereas resistance is at Rs. 88400 - 89400 levels. * MCX Crude Oil is likely to trade with sideways to negative bias during today’s tr...
MCX Gold is likely to trade with sideways to negative bias during today`s trading session - Monarch Networth Capital Ltd
MCX Gold is likely to trade with sideways to negative bias during today`s trading session - Monarch Networth Capital Ltd
Source: Monarch Networth Capital Ltd
2024-12-20 10:49:19 am
Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 19 December 2024 - Geojit Financial Services Ltd Bullion Gold Extended dip below 74930 may induce further weakness. Recovery moves may gather momentum above 76020 region.   Silver Extended dip below 87390 may trigger weakness. Inability to cross below the same may induce recovery upticks.   Energy Crude Oil Prices may appear firmer above 6030 region. A voluminous dip below the SMA support of 5880 may trigger mild weakness.   Natural Gas Prices may appear firmer above 298 region....
Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 19 December 2024 - Geojit Financial Services Ltd
Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 19 December 2024 - Geojit Financial Services Ltd
Source: Geojit Financial Services Ltd
2024-12-19 06:00:56 pm
Perspective by Ms. Riya Singh - Research Analyst, Commodities and Currency , Emkay Global Financial Services Below the Perspective by Ms. Riya Singh – Research Analyst, Commodities and Currency , Emkay Global   India’s Trade Deficit and Rupee Challenges * India is facing mounting economic pressures as its trade deficit soared to a record high of $37.8 billion in November, up sharply from $27.1 billion in October. This significant gap, driven by record gold imports and a sharp decline in exports, has brought renewed focus on the Indian rupee and the Reserve Bank of Indi...
Perspective by Ms. Riya Singh - Research Analyst, Commodities and Currency , Emkay Global Financial Services
Perspective by Ms. Riya Singh - Research Analyst, Commodities and Currency , Emkay Global Financial Services
Source: Emkay Global Financial Services Ltd
2024-12-19 05:58:25 pm
Quote on Gold and Crude by Kaynat Chainwala, AVP-Commodity Research, Kotak Securities Below the Quote on Gold and Crude by Kaynat Chainwala, AVP-Commodity Research, Kotak Securities   Comex gold futures fell below $2,600 per ounce owing to the Federal Reserve's hawkish tone, following a widely anticipated 25 basis point rate cut. This prompted the US 10-year yield to rise to 4.45%, and the US Dollar Index to hit a two-year high of 108.3. Fed Chair Jerome Powell remarked that the policy rate has been reduced by a full percentage point from its peak, making the ov...
Quote on Gold and Crude by Kaynat Chainwala, AVP-Commodity Research, Kotak Securities
Quote on Gold and Crude by Kaynat Chainwala, AVP-Commodity Research, Kotak Securities
Source: Kotak Securities Ltd
2024-12-19 03:34:00 pm
Perspective on Gold and Currency price reaction by Mr Nish Bhatt, Founder & CEO, Millwood Kane International Below the Perspective on Gold and Currency price reaction by Mr Nish Bhatt, Founder & CEO, Millwood Kane International   The US Fed cut rates by 25 bps per the street expectation. What the market was not expecting was the hawkish Fed commentary. The Fed has now indicated only 2 rate cuts instead of 3-4 earlier. The US Fed also hiked its inflation expectations from 2.5% to 2.1% earlier. The Fed may take over 1-2 years to get inflation under check. This development led to a fall ...
Perspective on Gold and Currency price reaction by Mr Nish Bhatt, Founder & CEO, Millwood Kane International
Perspective on Gold and Currency price reaction by Mr Nish Bhatt, Founder & CEO, Millwood Kane International
Source: Millwood Kane International
2024-12-19 01:00:45 pm
Oilmeals Export Decline by 7% in First Eight Months of 2024-25 by Amit Gupta, Kedia Advisory India’s oilmeals export saw a 7.15% decline in the first eight months of 2024-25, reaching 27.51 lakh tonnes compared to 29.64 lakh tonnes in the same period of 2023-24. The decline is attributed to reduced exports of rapeseed and castorseed meal, while competition from global soyabean meal markets intensifies. Key Highlights * Oilmeals export down 7.15% during April-November 2024-25. * Rapeseed meal export declined to 13.21 lakh tonnes (16.07 lakh tonnes in 2023-24). * Soya...
Oilmeals Export Decline by 7% in First Eight Months of 2024-25 by Amit Gupta, Kedia Advisory
Oilmeals Export Decline by 7% in First Eight Months of 2024-25 by Amit Gupta, Kedia Advisory
Source: Kedia advisory
2024-12-19 12:37:22 pm
Buy Turmeric Apr @ 14200 SL 13900 TGT 14500-14700. NCDEX - Kedia Advisory Jeera Observations Jeera trading range for the day is 23720-24300. Jeera prices gained as sowing has been delayed Higher day temperatures in the past few weeks has impacted the seeding of jeera and has also led to poor germination in various places. In Gujarat, jeera sowing has taken place in only 57,915 hectares till November 25 during the rabi 2024-25 cropping season. In Unjha, a major spot market, the price ended at 24448.75 Rupees dropped by -0.12 percent. BUY JEERA J...
Buy Turmeric Apr @ 14200 SL 13900 TGT 14500-14700. NCDEX - Kedia Advisory
Buy Turmeric Apr @ 14200 SL 13900 TGT 14500-14700. NCDEX - Kedia Advisory
Source: Kedia Advisory
2024-12-19 12:29:50 pm
Sell Naturalgas Dec @ 292 SL 298 TGT 285-280. MCX - Kedia Advisory Crudeoil Observation Crudeoil trading range for the day is 5882-6118. Crude oil gains as additional sanctions on Iran and Russia ratcheted up supply worries Stocks of crude oil in the United States edged lower from the previous week in the second week of December Kazakhstan will break its commitment to OPEC+ production limitations in 2025, by raising oil output next year. Barclays lowers its 2025 Brent price outlook to $83 per barrel SELL CRUDEOIL DEC @ 6020 SL 6100 TGT 5...
Sell Naturalgas Dec @ 292 SL 298 TGT 285-280. MCX - Kedia Advisory
Sell Naturalgas Dec @ 292 SL 298 TGT 285-280. MCX - Kedia Advisory
Source: Kedia Advisory
2024-12-19 12:24:13 pm
Gold tumbled more than 2% in the previous session, as the Federal Reserve adopted a more cautious tone on the pace of rate cuts next year - HDFC Securities GLOBAL MARKET ROUND UP * Gold tumbled more than 2% in the previous session, as the Federal Reserve adopted a more cautious tone on the pace of rate cuts next year. The Fed reduced borrowing costs on Wednesday, but Chair Jerome Powell said that while the bank was “on track to continue to cut,” officials would first have to see more progress on inflation. Fresh quarterly forecasts showed several officials penciling in fewer rate cuts for next year, causing swap traders to signifi...
Gold tumbled more than 2% in the previous session, as the Federal Reserve adopted a more cautious tone on the pace of rate cuts next year - HDFC Securities
Gold tumbled more than 2% in the previous session, as the Federal Reserve adopted a more cautious tone on the pace of rate cuts next year - HDFC Securities
Source: HDFC Securities Ltd
2024-12-19 12:19:04 pm
MCX Silver March is expected to face the hurdle near 89,200 and slide towards 86,800 - ICICI Direct Metal’s Outlook Bullion Outlook * Spot gold is expected to remain under pressure amid strong dollar and higher US treasury yields. Hawkish comments from the Fed chair amid strong growth numbers and projection of sticky inflation numbers would support the dollar to trade firm and restrict any major up move in the bullions. Further, expectation of better GDP in last quarter and drop in weekly jobless claims numbers would also weigh on the bullions. * Spot gold is likely to face t...
MCX Silver March is expected to face the hurdle near 89,200 and slide towards 86,800 - ICICI Direct
MCX Silver March is expected to face the hurdle near 89,200 and slide towards 86,800 - ICICI Direct
Source: ICICI Direct
2024-12-19 12:08:33 pm
Buy Kapas Apr @ 1495 SL 1480 TGT 1515-1525. NCDEX - Kedia Advisory Cotton Candy Cottoncandy prices fell by 0.64%, settling at Rs.54,180, amid expectations of higher global production for the 2024-25 cotton year. Global output is projected to rise by 1.2 million bales, reaching 117.4 million bales, driven by larger crops in India and Argentina. However, the supply chain in India faces challenges, with North Indian states witnessing a 43% decline in kapas arrivals till November 30, 2024, compared to last year. Farmers are holding back their produce in hopes...
Buy Kapas Apr @ 1495 SL 1480 TGT 1515-1525. NCDEX - Kedia Advisory
Buy Kapas Apr @ 1495 SL 1480 TGT 1515-1525. NCDEX - Kedia Advisory
Source: Kedia Advisory
2024-12-19 11:35:45 am
Sell Aluminium Dec @ 243 SL 245 TGT 241-239. MCX - Kedia Advisory Aluminium Observation Aluminium trading range for the day is 240.7-244.1. Aluminium prices settled weak amid rising output in China. Beijing braces for more U.S. trade tariffs under a second Donald Trump administration. China’s industrial output grew ahead of expectations. SELL ALUMINIUM DEC @ 243 SL 245 TGT 241-239. MCX   Copper Observation Copper trading range for the day is 800.9-814.3. Copper recovered as China's refined copper productio...
Sell Aluminium Dec @ 243 SL 245 TGT 241-239. MCX - Kedia Advisory
Sell Aluminium Dec @ 243 SL 245 TGT 241-239. MCX - Kedia Advisory
Source: Kedia Advisory
2024-12-19 11:29:09 am
Sell Silver Mar @ 90700 SL 91300 TGT 90000-89400. MCX - Kedia Advisory Silver Observations Silver trading range for the day is 89600-91330. Silver fell weighed down by concerns about a more measured pace of easing from the US Federal Reserve next year. Pressure also seen amid ongoing demand uncertainty in China. Retail sales in the US increased 0.7% mom in November 2024, following an upwardly revised 0.5% rise in October The Fed announced another 25bps cut to the federal funds rate as expected SELL SILVER MAR @ 90700 SL 91300 TGT 90000-89400...
Sell Silver Mar @ 90700 SL 91300 TGT 90000-89400. MCX - Kedia Advisory
Sell Silver Mar @ 90700 SL 91300 TGT 90000-89400. MCX - Kedia Advisory
Source: Kedia Advisory
2024-12-19 11:22:40 am
Sell Gold Feb @ 76700 SL 76900 TGT 76400-76200. MCX - Kedia Advisory Gold Observations Gold settled down on expectations of a cautious Fed next year Fed cut rates for 3rd time, points to 2 reductions in 2025 The Fed also signaled it will probably only lower rates twice more in 2025 by a total of 50 bps India's gold imports are poised for a sharp slowdown in December following record purchases in November SELL GOLD FEB @ 76700 SL 76900 TGT 76400-76200. MCX
Sell Gold Feb @ 76700 SL 76900 TGT 76400-76200. MCX - Kedia Advisory
Sell Gold Feb @ 76700 SL 76900 TGT 76400-76200. MCX - Kedia Advisory
Source: Kedia Advisory
2024-12-19 11:20:32 am
Turmeric trading range for the day is 13302-14602 - Kedia Advisory Gold Gold prices edged lower by 0.28% to settle at Rs.76,653, pressured by a stronger U.S. dollar and rising Treasury yields. Investors are focused on the Federal Reserve's upcoming interest rate decision, with expectations of a cautious approach to monetary easing in 2024. While a 25 bps rate cut is widely anticipated this week, the probability of further reductions in January remains low at just 17%, according to CME’s FedWatch tool. India’s gold imports are expected to ...
Turmeric trading range for the day is 13302-14602 - Kedia Advisory
Turmeric trading range for the day is 13302-14602 - Kedia Advisory
Source: Kedia Advisory
2024-12-19 11:14:21 am
Agri Commodity Technical Report 19 December 2024 - Geojit Financial Services Ltd JEERA NCDEX JAN Choppy moves expected. A direct rise above 24500 or a fall below 23400 may lend fresh direction for the day. DHANIYA NCDEX JAN Choppy to weak trades expected unless 8100 is breached convincingly upside. A direct voluminous fall below 7680 could intensify weakness. TURMERIC NCDEX APR May trade sideways to weak. However, an unexpected rise above 14350 may improve sentiments.   COCUDAKL NCDEX JAN Pullbacks to 2680/2710 may not be ruled out even...
Agri Commodity Technical Report 19 December 2024 - Geojit Financial Services Ltd
Agri Commodity Technical Report 19 December 2024 - Geojit Financial Services Ltd
Source: Geojit Financial Services Ltd
2024-12-19 11:00:27 am
Commodity Intraday Technical Outlook 19 December 2024 - Geojit Financial Services Ltd Intraday Technical Outlook Gold LBMA Spot Choppy with mild weakness is likely while prices stay below $2600. Silver LBMA Spot Expect to continue the weak momentum as long a prices stay below $30. Crude Oil NYMEX Choppy trades inside $71-67 remains on the cards and breaking any sides would suggest fresh directions. Gold KG Feb As long as prices stay below Rs 77000 there are chances of weak bias to continue the day. Silver KG Mar While below Rs 90000 momentum ...
Commodity Intraday Technical Outlook 19 December 2024 - Geojit Financial Services Ltd
Commodity Intraday Technical Outlook 19 December 2024 - Geojit Financial Services Ltd
Source: Geojit Financial Services Ltd
2024-12-19 10:52:36 am
MCX Copper is likely to trade with negative bias during today`s trading session - Monarch Networth Capital Ltd COMMODITY TECHNICAL OUTLOOK * MCX Gold is likely to trade with sideways to negative bias during today’s trading session. Support is at Rs.76200 - 76000 levels whereas resistance is at Rs.76500 – 76700 levels. * MCX Silver is likely to trade with negative bias during today’s trading session. Support is at Rs.89000 - 88000 levels whereas resistance is at Rs. 90000 - 91000 levels. * MCX Crude Oil is likely to trade with sideways to negative bias during t...
MCX Copper is likely to trade with negative bias during today`s trading session - Monarch Networth Capital Ltd
MCX Copper is likely to trade with negative bias during today`s trading session - Monarch Networth Capital Ltd
Source: Monarch Networth Capital Ltd
2024-12-19 10:48:28 am
Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 18 December 2024 - Geojit Financial Services Ltd Bullion Gold Extended dip below 75900 may induce further weakness. Recovery moves may gather momentum above 76780 region.   Silver Prices may trade southward. Any recovery move in the intraday session could possibly strengthen only with steady move above 91160 region.   Energy Crude Oil Prices may appear firmer above 6030 region. A voluminous dip below the SMA support of 5880 may induce mild weakness.   Natural Gas Extended reboun...
Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 18 December 2024 - Geojit Financial Services Ltd
Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 18 December 2024 - Geojit Financial Services Ltd
Source: Geojit Financial Services Ltd
2024-12-18 06:18:14 pm
Quote on Gold and Crude by Kaynat Chainwala, AVP-Commodity Research, Kotak Securities Below the Quote on Gold and Crude by Kaynat Chainwala, AVP-Commodity Research, Kotak Securities   Comex Gold futures closed lower on Tuesday, following stronger-than-expected US Retail Sales data, which indicated economic resilience. Retail sales rose by 0.7% in November, building on an upwardly revised 0.5% increase in October. Year-on-year growth for November reached 3.8%, surpassing expectations and highlighting consumer strength. Despite this robust retail performance, the...
Quote on Gold and Crude by Kaynat Chainwala, AVP-Commodity Research, Kotak Securities
Quote on Gold and Crude by Kaynat Chainwala, AVP-Commodity Research, Kotak Securities
Source: Kotak Securities Ltd
2024-12-18 03:00:30 pm
OPEC+ Cautious on Renewed U.S. Oil Output Under Donald Trump by Amit Gupta, Kedia Advisory OPEC+ is concerned about the resurgence of U.S. oil production under Donald Trump’s presidency, which threatens to undermine their market share and efforts to stabilize prices. Despite earlier delays in raising output, the group has maintained supply cuts to support prices in a weakened demand environment. U.S. oil output has surged by 11% over recent years, with predictions for continued growth, further exacerbating the competition for market share. While Trump’s policies could b...
OPEC+ Cautious on Renewed U.S. Oil Output Under Donald Trump by Amit Gupta, Kedia Advisory
OPEC+ Cautious on Renewed U.S. Oil Output Under Donald Trump by Amit Gupta, Kedia Advisory
Source: Kedia advisory
2024-12-18 12:59:31 pm
MCX Aluminium December contract has plunged by nearly 1% over the course of the week, currently trading at 242.10 - Choice Broking Ltd Aluminium MCX Aluminium December contract has plunged by nearly 1% over the course of the week, currently trading at 242.10. Earlier, price has traded in a tight range of 243 – 247. Price has formed Descending Triangle formation and breakthrough 20-EMA level on Daily chart placed at 243.27. Crucial support would be at Daily SAR level (Stop &  Reverse) currently placed at 238.60. Breakout of this support will accelerate downward momentum in Aluminium in upcoming sessions. ...
MCX Aluminium December contract has plunged by nearly 1% over the course of the week, currently trading at 242.10 - Choice Broking Ltd
MCX Aluminium December contract has plunged by nearly 1% over the course of the week, currently trading at 242.10 - Choice Broking Ltd
Source: Choice Broking
2024-12-18 12:30:39 pm
Crude has traded in a narrow band for the past two days amid mixed cues - HDFC Securities GLOBAL MARKET ROUND UP * On Tuesday, the US dollar's strength and better-than-expected US retail sales data led to a decline in gold prices. Moreover, traders abstained from making new wagers before the Federal Reserve policy meeting's conclusion. Later today, the Fed will announce its final rate decision of the year, and gold prices are likely to find direction post-FOMC meeting. * The latest sign of a robust U.S. economy came on Tuesday, as US retail sales in November rose by ...
Crude has traded in a narrow band for the past two days amid mixed cues - HDFC Securities
Crude has traded in a narrow band for the past two days amid mixed cues - HDFC Securities
Source: HDFC Securities Ltd
2024-12-18 12:15:46 pm
Crude Oil has bounced seen good recovery but 6050 is strong hurdle so sell on rise near 6025 for tgt of 5950 and stoploss of 6075 - Tradebulls Securities Pvt Ltd Gold Gold is now coming into xmas season and so range will get constrained this week after US Fed rate cut. Buy on dips near 76600 for tgt of 77200 and stoploss of 76400. Crude Oil Crude Oil has bounced seen good recovery but 6050 is strong hurdle so sell on rise near 6025 for tgt of 5950 and stoploss of 6075.   Base Metals Update Base metals are trading mixed as yesterday’s weak European PMI was negative for base metals. Nickel continues to outperform whi...
Crude Oil has bounced seen good recovery but 6050 is strong hurdle so sell on rise near 6025 for tgt of 5950 and stoploss of 6075 - Tradebulls Securities Pvt Ltd
Crude Oil has bounced seen good recovery but 6050 is strong hurdle so sell on rise near 6025 for tgt of 5950 and stoploss of 6075 - Tradebulls Securities Pvt Ltd
Source: Tradebulls Securities Pvt Ltd
2024-12-18 12:05:54 pm
Buy Turmeric Apr @ 14200 SL 13900 TGT 14500-14700. NCDEX - Kedia Advisory Jeera Observations Jeera trading range for the day is 23830-24170. Jeera prices gained as sowing has been delayed Higher day temperatures in the past few weeks has impacted the seeding of jeera and has also led to poor germination in various places. In Gujarat, jeera sowing has taken place in only 57,915 hectares till November 25 during the rabi 2024-25 cropping season. In Unjha, a major spot market, the price ended at 24428.15 Rupees dropped by -0.17 percent. BUY JEERA J...
Buy Turmeric Apr @ 14200 SL 13900 TGT 14500-14700. NCDEX - Kedia Advisory
Buy Turmeric Apr @ 14200 SL 13900 TGT 14500-14700. NCDEX - Kedia Advisory
Source: Kedia Advisory
2024-12-18 12:01:49 pm
Buy Naturalgas Dec @ 266 SL 261 TGT 272-278. MCX - Kedia Advisory Crudeoil Observation Crudeoil trading range for the day is 5797-6091. Crude oil fell amid renewed concerns about weakening global demand. China’s lackluster economic data added to uncertainty over the country’s economic outlook, stoking fears about reduced consumption. Additional downward pressure came from weaker-than-expected manufacturing activity in the US and Eurozone, which negatively impacts fuel demand. US crude oil output rise to record high last week, E...
Buy Naturalgas Dec @ 266 SL 261 TGT 272-278. MCX - Kedia Advisory
Buy Naturalgas Dec @ 266 SL 261 TGT 272-278. MCX - Kedia Advisory
Source: Kedia Advisory
2024-12-18 11:52:55 am
Buy Cottoncandy Jan @ 54400 SL 54100 TGT 54800-55100. MCX - Kedia Advisory Cotton Candy Cottoncandy prices edged lower by 0.26%, settling at Rs.54,530, as global production for CY 2024-25 is projected to increase by 1.2 million bales to 117.4 million bales, driven by higher output in India and Argentina. Despite this, domestic supply constraints in India are pressuring the market. Cotton arrivals in North India (Punjab, Haryana, and Rajasthan) have dropped by 43% year-on-year till November 30, 2024, as farmers hold back their produce in anticipation of higher pri...
Buy Cottoncandy Jan @ 54400 SL 54100 TGT 54800-55100. MCX - Kedia Advisory
Buy Cottoncandy Jan @ 54400 SL 54100 TGT 54800-55100. MCX - Kedia Advisory
Source: Kedia Advisory
2024-12-18 11:48:05 am
MCX Copper December is expected to face the hurdle near 814 and move lower towards 800 - ICICI Direct Metal’s Outlook Bullion Outlook * Spot gold is expected to face the hurdle near $2665 and move lower towards $2620 amid strong dollar. Further, growing skepticism over Fed rate cuts in January will weigh on prices. Additionally, investors will remain cautious ahead of the Fed policy outcome. More focus will be on economic projections and dot plots to get more clarity on the Fed’s next move. * Spot gold is likely to move in the band of $2620 and $2665. But, formation of a ...
MCX Copper December is expected to face the hurdle near 814 and move lower towards 800 - ICICI Direct
MCX Copper December is expected to face the hurdle near 814 and move lower towards 800 - ICICI Direct
Source: ICICI Direct
2024-12-18 11:42:17 am
Naturalgas trading range for the day is 255.1-285.5 - Kedia Advisory Gold Gold prices declined by 0.25% to Rs.76,871, pressured by a firmer U.S. dollar and Treasury yields as markets anticipated the Federal Reserve's interest rate decision. While a 25 bps rate cut is expected with a 97% probability according to the CME FedWatch tool, traders foresee a cautious pace of monetary easing in 2024, with only a 17% chance of a cut in January. In India, gold imports are expected to slow significantly in December after record-high purchases in November. Discount...
Naturalgas trading range for the day is 255.1-285.5 - Kedia Advisory
Naturalgas trading range for the day is 255.1-285.5 - Kedia Advisory
Source: Kedia Advisory
2024-12-18 11:36:08 am
Agri Commodity Technical Report 18 December 2024 - Geojit Financial Services Ltd JEERA NCDEX JAN Choppy moves expected. A direct rise above 24500 or a fall below 23400 may lend fresh direction for the day. DHANIYA NCDEX JAN Choppy to weak trades expected unless 8100 is breached convincingly upside. A direct voluminous fall below 7680 could intensify weakness. TURMERIC NCDEX APR Dips to 14100 ranges may not be ruled out before bouncing up. However, such correction stretching beyond 13800 could weaken sentiments.   COCUDAKL NCDEX JAN Pull...
Agri Commodity Technical Report 18 December 2024 - Geojit Financial Services Ltd
Agri Commodity Technical Report 18 December 2024 - Geojit Financial Services Ltd
Source: Geojit Financial Services Ltd
2024-12-18 11:27:00 am