COMMODITY OUTLOOK on Silver Market

Silver:-

Silver futures rose nearly one percent in American trade for the sixth straight session away from the lowest since August 8, shrugging off the dollar’s modest gains today following a basket of data from the US the world’s largest economy. Earlier US data showed consumer prices accelerated to an eight-month high as retail sales rose as well in September while the UoM Consumer Sentiment survey bested expectations in October. Federal Reserve Bank of Chicago President Charles Evans spoke about the economy and monetary policy at the Wisconsin Summit on Financial Literacy in Green Bay where he mentioned that the US economy enjoy strong foundations and noted that the pace of wage growth has accelerated compared to recent years while still being weaker than normal.

silver

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STARINDIA Research MCX Bullion UPDATE

UPDATE:-

SILVER BUY CALL 1ST TGT 40450 HAS ACHIEVED. PROFIT RS. 6000/- IN 2 LOTS

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Commodity Market Trading Tips- India palm imports seen rising for eighth month on festivals

India’s palm oil purchases probably climbed for an eighth straight month in September as lower international prices prompted traders and refiners to buy more to meet festival demand.

Imports rose 20 per cent to 925,000 metric tons from a year earlier, according to the median of five estimates in a Bloomberg survey of processors, brokers and analysts. Total vegetable oil purchases increased 6.4 per cent to 1.49 million tons. The Solvent Extractors’ Association of India is likely to release trade data this week.

india-palm-imports-seen-rising-for-eighth-month-on-festivals

Palm oil demand generally spikes during the festive period in India, the world’s biggest importer, as Hindus celebrate major festivals such as Dussehra and Diwali between September and November. Vegetable oils are an important part of the festivities as consumption of sweets to fried foods increases.

“Palm oil prices were down so people bought considering the festival demand,” according to G. G. Patel, managing partner of GGN Research. Total vegetable oil imports probably climbed to the highest level so far in the year that began in November, he said.

Palm oil futures on Bursa Malaysia Derivatives fell 0.4 per cent in September and have dropped 6.6 per cent from a six-month high reached on Sept. 14. Futures traded 0.4 per cent higher at 2,706 ringgit ($641) a ton on Thursday.

India’s soybean oil imports declined 24 per cent to 357,000 tons in September, the survey showed. The country buys soybean oil mainly from the U.S., Brazil and Argentina. Sunflower oil purchases rose 74 per cent to 180,000 tons. Canola oil imports are seen at 15,000 tons.

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Commodity Market – Rains dampen Diwali cheer for farmers

The continuing post-monsoon rainfall in October has caused damages to the harvest-ready kharif crop and increased pest incidence on high value horticulture crops. Low commodity prices and decline in per acre productivity due to erratic monsoons are turning a dampener this Diwali for the rural community.

rains-dampen-diwali-cheer-for-farmers

“The weather is driving farmers crazy. Afraid of increase in pest incidence due to excess moisture, farmers are spraying pesticides during the small intervals between rainfall even though the rain is washing it away immediately,” said Jagannath Khapre, president, All India Grape Exporters Association. Farmers also fear shortages of pesticides.

Soyabean crop harvest had just begun in Maharashtra, the second-largest producer of the oilseed.

Rainfall will affect crop quality thus reducing returns for farmers. MG Gunjkar, secretary, Latur APMC, said, “Soyabean harvest, which had recently begun, has come to a halt due to rainfall. There is the possibility of deterioration in quality, in which case, farmers may not be able to get even the government support price.”

Telangana has also seen excess rainfall in October. According to preliminary estimate of the state government, crops on 65,000 hectares have been damaged, of which, 53,000 hectares is cotton.

The state is the first to harvest cotton and prices have been ruling lower than the minimum support price due to high moisture content. In Karnataka, army worm has at tacked the kharif crop. “There has been a wild outbreak of army worm on maize, ragi and red gram.We anticipate losses of 20 per cent in maize,” said a Karnataka Agriculture Department official.

In Karnataka, kharif acreage has declined from 71.7 lakh hectares to 64 lakh hectares due to deficit rainfall. Low rains in June and July had caused yield losses of 25 per cent to 50 per cent depending upon the districts.Heavy rains, accompanied by gusty winds, since October 9 in South Bengal have affected vegetable and the kharif paddy in certain areas.

Pradip Mazumdar, agriculture advisor to Mamata Banerjee, said, “There has been some loss in kharif paddy crop which is yet to be harvested. The government is yet to make an assessment of the crop loss as the region is witnessing scattered rains. We are afraid that Damodar Valley Corporation may release water due to heavy showers in Jharkhand. If that happens, the crop loss will be more. Let us first assess the situation and come up with the numbers.”

In August, heavy showers had flushed away paddy seeds from fields in Burdwan, Hooghly, Nadia, Purulia, East Midnapore and East Midnapore.

 

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बेस मेटल में चौतरफा गिरावट, क्या हो रणनीति

बेस मेटल में चौतरफा गिरावट आई है। घरेलू बाजार में कॉपर समेत सभी मेटल करीब 0.5 से 1 फीसदी नीचे आ गए हैं। निकेल और लेड में गिरावट ज्यादा है। दरअसल चीन में जिंक, कॉपर और एल्युमिनियम दबाव में आ गए हैं। इस बीच सोने की चमक बढ़ गई है। घरेलू बाजार में सोने का दाम करीब 0.5 फीसदी बढ़ गया है। इसमें करीब 0.5 फीसदी ऊपर कारोबार हो रहा है। चांदी में भी तेजी आई है और ये 40,000 रुपये के पार चली गई है।

agri market

एमसीएक्स पर कच्चा तेल 0.86 फीसदी की बढ़त के साथ 3284 रुपये के स्तर पर नजर आ रहा है। वहीं सोना 0.34 फीसदी की तेजी के साथ 29833 रुपये के स्तर पर दिखाई दे रहा है जबकि चांदी 0.80 फीसदी की ऊछाल के साथ 40259 रुपये के स्तरपर कामकाज कर रहा है।

वहीं एग्री कमोडिटी में मसाले एक्शन में हैं। जीरा, हल्दी और धनिया में तेजी आई है, जबकि इलायची का भाव करीब 3 फीसदी लुढ़क गया है। गेहूं में भी जोरदार बढ़त पर कारोबार हो रहा है। इसमें करीब 1.5 फीसदी की तेजी आई है। हालांकि सोयाबीन में कारोबार के शुरुआत से ही दबाव है। इस बीच खाने के तेल करीब 0.5 फीसदी फिसल गए हैं। जिसमें क्रूड पाम तेल में गिरावट ज्यादा है।

एनसीडीईएक्स पर सरसों 0.81 फीसदी की बढ़त के साथ 3845 रुपये पर दिखाई दे रहा है जबकि ग्वार सीड 3.8 फीसदी की ऊछाल के साथ 3875 रुपये पर कामकाज कर रहा है। वहीं सोयाबीन 0.14 फीसदी की गिरावट के साथ 2894 रुपये पर नजर आ रहा है।

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COMMODITY OUTLOOK on Natural Gas

Natural Gas: –

Natural gas futures fell nearly one percent in American trade as the dollar index hit the highest since August 17 following a stream of data from the US the world’s largest energy consumer including the EIA report that showed another storage buildup for the 27th week in a row. More pertinently the Energy Information Administration released its report on US natural gas stocks showing a buildup of 42 billion cubic feet in the week ending September 29 adding to a 58B buildup in the previous reading while analysts expected a 56B increase. Total stocks have now risen to 3.508 trillion cubic feet from 3.466 trillion in the week ending September 22 which is below the total of the same last year at 3.669 trillion and also below the five-year average at 3.516 trillion. Trend of the Natural gas is bearish for medium-long term .Currently Natural gas is in strong downtrend with good momentum and the trend is supported with good volume the open interest is not increasing with trend. Noting point is selling at lower levels seems decreasing. The oscillator is showing sell signal for short term Natural gas is in hold short position. Support for the Natural gas is 182.Resistance for the Natural gas is 199.

natural gas

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COMMODITY OUTLOOK on Aluminum Market

Aluminum:-

The Aluminum is in perfect uptrend .Currently Aluminum is in strong uptrend and the trend is supported with good volume the open interest is not increasing with trend. Cautious point is buying at higher levels seems decreasing. The oscillator is showing buy signal for short term the current position is buy Support for the Aluminum is 136. Immediate resistance for Aluminum is 140. Currently Aluminum is in hold long position Aluminum has crossed the high but the trend was not strong and sellers was at high so for short term better buy above 141.8 with stop at 136.8 The oscillator is showing buy signal.

aluminium

 

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