Commodity Market Today

Crudeoil is in perfect uptrend .Currently Crudeoil 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 higer levels seems decreasing. The Crudeoil is now trading in overbought level. The Crudeoil is now trading in overbought level. The oscillator is showing SELL signal For short term Crudeoil is in HOLD LONG position.Positionally Support for the Crudeoil is 5193-5147-5085-5072-5060-5059-. Immediate...Read Full Story

Gold is bearish for medium-long term .Currently Gold is in strong downtrend with good momentum but volume is unsatisfactory The open interest is not increasing with trend . In last few days volume based selling happened in the Gold. The Gold is now trading in overbought level. The Gold is now trading in overbought level. The oscillator is showing SELL signal For short term Gold is in SELL position.Positionally Immediate support for Gold is 25673.Resistance for the Gold is 26778-26793-26843...Read Full Story

Copper is bearish for medium-long term .Currently Copper 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 higer levels seems decreasing. The oscillator is showing BUY signal For short term Copper is in HOLD LONG position.Positionally Support for the Copper is 401-397-395-389-.Resistance for the Copper is 410-419-Short term and Intraday Level of COPPERCurrently Copper is in HOLD SHORT position Copper...Read Full Story

Aluminium is bearish for medium-long term .Currently Aluminium 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 higer levels seems decreasing. The oscillator is showing BUY signal For short term Aluminium is in HOLD SHORT position.Positionally Support for the Aluminium is 101-.Resistance for the Aluminium is 102-104-106-Short term and Intraday Level of ALUMINIUMCurrently Aluminium is in HOLD SHORT...Read Full Story

Lead is bearish for medium-long term .Currently Lead is moving sideways The oscillator is showing BUY signal but has moved past its recent high. The oscillator is showing BUY signal For short term Lead is in HOLD SHORT position.Positionally Support for the Lead is 110-109-.Resistance for the Lead is 115-119-Short term and Intraday Level of LEADCurrently Lead is in HOLD SHORT position Lead is in sideways and sellers was at high so for short term better buy above 112.4 or hold with stop at 106...Read Full Story