Blog

FOMC main points 21.08.2014

21-Aug-14 03:27PM

Information received since the Federal Open Market Committee met in June indicates that growth in economic activity rebounded in the second quarter.

FOMC main points 21.08.2014

Gold short term outlook 19.08.2014

19-Aug-14 01:53PM

Gold opened with a gap and traded with negative bias. Commodity has settled below its 10 days SMA and now getting support at 20 weeks SMA that stands near 28218.

Gold short term outlook 19.08.2014

Aluminnium OverBought on Stochastic 12.08.2014

12-Aug-14 03:17PM

Aluminium Overbought reading on stochastic hints a possible trend reversal from key resistance zones of 124-127 zones.

Aluminnium OverBought on Stochastic 12.08.2014

Bearish Harami Candlestisk pattern on Zinc Chart 07.08.2014

07-Aug-14 05:37PM

Zinc was also influenced by bearish harami candlestick pattern and bearish cross on MACD indicator and settled just above the 10 days SMA.

Bearish Harami Candlestisk pattern on Zinc Chart 07.08.2014

Silver Technical Outlook for short term 5.8.2014

05-Aug-14 02:02PM

Silver settled with negative note. Silver has fallen below 10 and 20 days SMA and 10 days SMA has also fallen below 20 days SMA and indicates a retest to 50 days SMA that stands near 43600 zones.

Silver Technical Outlook for short term 5.8.2014

Natural Gas Weekly Technical Outlook 28.07.2014

28-Jul-14 03:18PM

Natural gas July contract inched 10.70 rupees down to settle at 227.10. We have seen a major trend line violation in this commodity and now commodity is heading towards next barrier for bears that stand near 220 zones.

Natural Gas Weekly Technical Outlook 28.07.2014

Lead Doji Candlestick formation on EOD 23.07.2014

23-Jul-14 01:49PM

Lead Daily EOD chart shows doji candlestick formation along with contracting MACD hints weakening bullish momentum.

Lead Doji Candlestick formation on EOD 23.07.2014

Aluminium Technical Outlook for intraday 22.07.14

22-Jul-14 01:09PM

Aluminum July contract settled at 121.35 down by 2.65 rupees. Aluminum has settled well above key resistance of 120 and indicates more bullishness.

Aluminium Technical Outlook for intraday 22.07.14

Zinc Weekly Technical Outlook 14-07-14

14-Jul-14 04:46PM

Zinc July contract inched 4.45 rupees up to settle at 137.95 this week. Zinc has recently closed well above the resistance line of symmetric triangle and horizontal resistance of 137 indicates more bullishness.

Zinc Weekly Technical Outlook 14-07-14

Copper Technical Shooting Star 09.07.2014

09-Jul-14 04:10PM

Copper Yesterdays session was a volatile session for this counter and it settled with a shooting star candlestick formation just nearer the 200 days SMA on daily continuation chart.

Copper Technical Shooting Star 09.07.2014

Aluminium Shooting Star Pattern on Daily Chart 4-07-2014

04-Jul-14 03:14PM

Aluminum July contract settled at 114.40 up by 0.25 rupees. Aluminum headed an intraday high of 115.10 for the day but could not hold above 115 and settled with a shooting star like candlestick formation.

Aluminium Shooting Star Pattern on Daily Chart 4-07-2014

Gold Technical Outlook (Spinning top pattern) 23.06.2014

23-Jun-14 02:23PM

Gold August contract on MCX inched 57 rupees up to settle at 27668. Gold traded with narrow range for the day and settled with a spinning top candlestick pattern that indicates a state of indecision among bulls and bear

Gold Technical Outlook (Spinning top pattern) 23.06.2014

Lead Bullish Harami pattern on Daily Chart 16.06.2014

16-Jun-14 02:34PM

Lead on MCX settled at 124 up by 2.05 rupees. Lead could not continue falling and settled with a bullish harami candlestick pattern indicating presence of buying forces in this counter.

Lead Bullish Harami pattern on Daily Chart 16.06.2014

Daily Technical Analysis: Aluminium Bearish Harami Pattern

11-Jun-14 05:23PM

Aluminum June contract settled at 111 down by 1.70 rupees. Metal traded with a bearish note and settled with a bearish harami candlestick pattern.

Daily Technical Analysis: Aluminium Bearish Harami Pattern

Crude Oil Bullish Harami Pattern ON DAILY CHART 04.06.2014

04-Jun-14 01:48PM

Crude oil June contract on mcx inched 29 rupees down to settle at 6093. Crude oil traded in narrow range and settled within the trading range of prior session that makes it a bullish harami pattern.

Crude Oil Bullish Harami Pattern ON DAILY CHART 04.06.2014

Aluminium Technical Outlook 22.05.2014

22-May-14 01:31PM

Aluminum May contract settled at 102.05 up by 5 paisa. Aluminum bears don’t have enough power to breach 101 levels and hovering near the same. Oversold reading on stochastic indicator hints a possible recovery.

Aluminium Technical Outlook 22.05.2014

Bearish Engulfing Pattern signaling in Natural Gas for short

08-May-14 04:19PM

Natural gas closed just nearer the previous lows forming bearish engulfing pattern may trigger some weakness.

Bearish Engulfing Pattern signaling in Natural Gas for short

Bullish engulfing candlestick pattern in Zinc 5.5.2014

05-May-14 12:58PM

Nice recovery has taken place in Zinc from key support of 122 and metal closed with a bullish engulfing candlestick pattern.

Bullish engulfing candlestick pattern in Zinc 5.5.2014

3 black crows candlestick pattern on Aluminium daily chart

29-Apr-14 01:39PM

Aluminium is witnessing 3 black crows candlestick pattern on daily chart along with bearish divergence on stochastic attracting more bears to jump in.

3 black crows candlestick pattern on Aluminium daily chart

Dark Cloud Cover on ZINC chart check the detail

25-Apr-14 01:50PM

Zinc settled with a dark cloud cover bearish reversal candlestick pattern along with overbought reading on stochastic that may prevent further bulls to jump in.

Dark Cloud Cover on ZINC chart check the detail

Crude oil Engulf Pattern on the chart read full detail

23-Apr-14 02:01PM

Crude oil settled just near the 10 days SMA engulfing previous day’s trading range. Showing some weakness in this counter.

Crude oil Engulf Pattern on the chart read full detail

Aluminium view according to chart

16-Apr-14 02:20PM

Aluminum April contract settled at 110.20 down by 1.75 Rupees. Existence of Bearish harami at the top of move dragged down prices and metal headed an intraday low of 109.50 which was also supported by 10 days SMA and horizontal support line.

Aluminium view according to chart

Nickel Reversal possible according to chart

09-Apr-14 01:45PM

Nickel is witnessing a double top near the areas of 1002 and settled with a BEARISH HARAMI candlestick pattern on daily chart.

Nickel Reversal possible according to chart

Copper Bearish Engulfing Patter on Daily Chart

07-Apr-14 02:09PM

Copper failed to clear main hurdle of 409 and settled with a bearish engulfing candlestick pattern.

Copper Bearish Engulfing Patter on Daily Chart

Copper view bullish harami on daily chart

28-Mar-14 03:30PM

Copper settled well with in the range of prior session and with a bullish candle that qualifies as a bullish harami candlestick pattern.

Copper view bullish harami on daily chart

FOMC Member Dudley Speaks

06-Mar-14 01:31PM

Federal Reserve FOMC members vote on where to set the nation's key interest rates and their public engagements are often used to drop subtle clues regarding future monetary policy.

FOMC Member Dudley Speaks

Zinc Technical View according to chart

03-Mar-14 04:49PM

Zinc March contract inched 1.35 rupees up to settle at 128.70 this week. As we can see in chart provided above zinc has formed a valid breakout above 5 years old resistance of 123.20 and has been holding above the same.

Zinc Technical View according to chart

Bearish Harami on Silver Daily Chart

26-Feb-14 03:20PM

Yesterday silver closed with a bearish harami candlestick formation that indicates possible trend reversal to the down side.

Bearish Harami on Silver Daily Chart

Nickel Weekly Technical outlook

24-Feb-14 03:09PM

Nickel has been settled well above 10 weeks SMA for 3 consecutive weeks hinting returning buying interest in this commodity. 10 weeks SMA has crossed above 20 weeks SMA and 20 weeks SMA is also above 50 weeks SMA hinting bullish trend on short term and long term time frames.

Nickel Weekly Technical outlook

Copper technical view (Doji on Daily Chart)

20-Feb-14 01:54PM

Copper closed well with a doji candlestick formation indicating a state of indecision around 50 days SMA line.

Copper technical view (Doji on Daily Chart)