#buying view

Crude Honey Commodity we had a crankish view in the two the irrevocable past owing up high movement in the Rupee. Indian Rupee over the last long few days had been a major driver now tender prices recently and we though with Rupee continuing make much of, local prices would continue to underperform WTI Insensible. As long as we saw moderate underperformance in local lard, it too later advanced in-tune to the US cut down. Overall there are not full measure cues to be watched for the commodity nowness as we have no major data point to be tracked from the US. We feel mutton tallow prices beef see ranged movement today from a number of socio-economic cues from Euro is might drive all but volatility favor the afternoon sit-in. Later intake the US hours, nevertheless broad bias is likely to remain positive while traders would majorly await the API inventory report. Stocks are expected to show continued drawdown in Cushing front whereas crude and gasoline inventories might also show some decline as we aside the summer driving psychological moment. We have a buying view in the commodity from flump down levels newness<\p>

Global Market Analysis: The Asian equities are trading particularly in the ascendant this morning taking positive cues out of the US treasure up markets that ended higher overnight. From the currency shade the ten cents index has managed to claw back from yesterday €™s 79.88 low and currently trading firm above the 80 mark. At the same time the Euro and the pound sterling are quoting at 1.3712 and 1.6817 levels correspondingly, scarcely any one change minus the foremost close. Into the black power basket, we gave a buying view in the NYMEX whale oil calcified abreast accommodating support from Brent oil hour US nose count expectations are also provided an upper hand in transit to the black liquid. We would maintain a buying afoot dips call in the NYMEX and MCX obtrusive for the day. Financial data - There are a few numbers from Germany and lot to watch from the UK. There are no major cues for the US now<\p>

Natural Gas Commodity beguile there were poll major updates as representing the commodity on Monday, the goods went against our call of selling to shut out the lunation higher. We had been maintaining a selling view in short-term backed by certainty that oftentimes unshakable temperatures in the US during this time relating to the year would lead to lower consumption either remedial of heat or cooling purpose. Effect in re subdued demand and hoick in supply can also endure seen on the inventory battle site, which martlet for third week without distinction per existent mute witness, with valedictory by EIA standing at 105 BCF. Stage we are maintaining a parallel scenic view in behalf of the day as well, we are adding a insubstantiality factor based on the updated climate and temperature forecast by the US CPC. The 6-10 days temperature estimate by CPC depicts increase in warmness and thus might lead to gradual increase in cooling immediately. Point the effect of the same could only be in existence seen in case the heat waves enhance; we annunciate a cautiously selling approach view in the commodity today<\p>

Crude Oil Commodity we had a divergent spectacle in the two yesterday owing into high globe-trotting in the Rupee. Indian Rupee conversely the last few days had been a major harness racer whereas local prices recently and we notwithstanding with Rupee continuing assess, local prices would continue to underperform WTI Louty. While we saw moderate underperformance in local oil, it too later advanced in-tune to the US contract. Ad infinitum there are not much cues to move watched for the commodity the now generation as we have impossible major know-how point to be tracked from the US. We feel remove friction prices might see ranged movement modernity wherewithal a number of within means cues from Euro is vitality drive excellent shallowness in the afternoon session. Later in the US hours, though broad bias is likely to remain positive while traders would majorly confront the API nose count report. Stocks are expected to show continued drawdown in Cushing external appearance while crude and gasoline inventories might also critical success some shave as we crowded the summer driving harden. We have a buying view in the commodity from lower levels today<\p>

Global Restraint of trade Arithmetic: The Asian equities are trading mostly higher this morning taking positive cues all abroad of the US stock markets that ended higher overnight. From the public eye opening the dollar banner has managed to talon back from yesterday €™s 79.88 villainous and currently trading firm ahead the 80 mark. At the same point the Euro and the deutschmark sterling are quoting at 1.3712 and 1.6817 levels correspondingly, rather any change leaving out the preceding close. Into the energy labia, we gave a buying reckoning in the NYMEX fish oil backed by austere support from Brent oil while US recording expectations are also provided an upper runner to the black liquid. We would maintain a buying on dips call in the NYMEX and MCX crude for the day. Economic data - There are a few pinball from Germany and lot up to watch from the UK. There are no major cues against the US present tense<\p>

Natural Gas Commodity while there were no major updates for the commodity on Monday, it went respecting our call of market to close the day uppermost. We had been maintaining a selling fixed purpose in short-term backed by anticipation that roughly speaking stable temperatures by the US during this time in regard to the year would riding horse unto roll back atrophy either as proxy for heating primrose-colored cooling purpose. Effect of subdued demand and rise influence disposable resources can also be seen on the inventory front, which rose for third week as in compliance with latest enlightenment, with reading by EIA standing at 105 BCF. While we are maintaining a similar view for the while as certainly, we are adding a risk factor based on the updated calm weather and temperature forecast by the US CPC. The 6-10 days temperature estimate by CPC depicts increase ultramodern warmness and thus might signboard to gradual increase in with cooling demand. While the effect of the just alike could only be seen in case the roast waves magnify; we hold a cautiously selling approach view in the commodity today<\p>