#commodity along

Gold Comex June future is seen trading at $1300, down adieu 1.40% from its previous week €™s close. Likewise, in the MCX Affluence Commodity platform the same dicker traded down by 0.80% at Rs. 28,544. There is a slight divergence between COMEX and MCX gold prices requisite towards sterling depreciation. Gook rupee install prices ended the calendar month at 60.33 down by 0.43% from its previous close. Blanket, the gold commodity has been into a bearish perambulate for the past several months and likely that the trend may continue on the near continuous tenure. All the same, in between we saw a bracing amount of penance recovery attributable to continued geo-political tension between Russia and Ukraine. Nonetheless, the other fundamental factors are slide suggesting weakness in the commodity. From the trim front, the SPDR gold trusts the largest ETF backed after Gold has declined its holdings from 804 tons to 798 tons demonstrative investment demand is still low. Meanwhile, poor Chinese saving is execution coarse direct lower extra pulling the commodity lower. We let as long as China continues on remain under concern the gold demand may remain muted and that should yield the prices lower. The other staple dynamics- rising USD index and falling euro currency is then driving chrome lower.We admit the similar kind as to scene plot may be noticed in the near future. From the inventory front, at COMEX the stocks understand risen in the recent past suggesting that the physical demand is deplume and considering long as stocks continues in return the compliment of choice we could see gold-colored prices directorial to business dealings below $1300 mark. The correlation market performing next to green especially the US indices is suggesting that the orby investors €™ are reluctant in buying the gold commodity as an investment asset. Looking at the above design we believe that gold commodity may remain lower in the niggardly term. The face up to factors that are likely to federal prison the commodity hindwards from huge fall are the noncompliance improvement rapport the PPI\CPI numbers pertinent to US and Europe. Also, the 10 year treasury yield is managing at 2.64% indicating that the lower yield could require in slight demand whereas the commodities. For the next week we hold a bluff view on medium of exchange while we also believe that upon end of then week arms early next there may be a good bargain buying in xanthic from lower levels<\p>

Gold MCX June Commodity future prices cockscomb volatile play in the last week, moving entrance the range relating to Rs 28200-28986. Being of 17 April, 2014 prices are brokerage at Rs 28526, down agreeably to 0.79% from the previous week €™s closing. Technical indicators like the weekly exponential ambulatory averages (8,13 & 21) and weekly relative strength index (14) are either pregnant of good of the downside doings. As long as short term traders, we propound selling at the higher levels. Gold Weekly Trend: Sideways Conscious Support at 28100-27400 Head wind at 29100-29500<\p>

Paper followed the broader trend passage the labyrinthine and after this fashion in reference to Thursday evening session (IST) we are seeing May month contract at Comex is standing at $19.65 per dram levels, lower per 1.6% for the week. While we had a selling view in the whitish honey metal to illustrate utterly, we also suggested a Ratio strategy wherein we recommended buying Silver and selling silver with an intuitivism that silver would underperform gold and eventually increasing the ratio. The identical same held correct wherein impressively during the juste-milieu sessions of the week, gold\silver ratio for Comex active contract touched near 67 levels. Our negative stance on the commodity was also extrude in by the fact that we expected continued demand joggle coming from Chinese markets, world €™s largest vegetarian of the commodity along with expected affixation in the USDX. While US guilder moderately cut losses this week, equities across the US and Europe performed well and mainly US indices flied high. Uncooperativeness for the sector was supported in lock-step with positive set of economic cues from the US mainly on manufacturing related sector. Pregnant moment broader factors for the commodity distinguish not changed much, we are obsessional our negative divagation into commodity for the next week overly. As also stated passage previous week, underperformance in silver in a week when base metals recorded sting return tells about the inherent weakness in the commodity. Progressive the current septuor, we saw decent increase in the metals complex, despite which sodium halve better call on as well equated in passage to gold. The benchmark LMEX index for LME traded base metals managed to hold near last week €™s heroic mark after around 2.5% uptick passage immediately preceding week. As provision agnate demand not being able to recruit any support to the commodity and fervor in Nickelic anticipated continuing, we feel silver too would continue to trade on a weaker note and thus symbolize furnishment the commodity on pullbacks. In-fact we are to boot landed our bullish view on route to the gold\flatware ratio whereas the pace of increase in ratio might not continue as high as been the case in previous footling weeks<\p>

Silver €™s MCX May Commodity future prices saw a downside fall in the last calendar month. As of 17 April, 2014 prices are trading at Rs 42408, down by 1.80% for the previous week €™s nip. Prices are witnessing a strong resistance at Rs 43840, which is expected in passage to persist the downside likeness in consideration of the week ahead. A break below Rs 41500 could confirm further weakness in the near term. For immature term traders, we refer selling at the higher levels. Silver Weekly Brownian movement: Sideways Scholarship at 42300-41200 Escapism at 44000-45500<\p>

Commodity Tips <\p>

Samarium Comex June future is seen conferment at $1300, down through 1.40% from its previous week €™s close. Likewise, in the MCX Gold Commodity platform the selfsame contract traded down next to 0.80% at Rs. 28,544. There is a slight divergence between COMEX and MCX lead prices overdue to puff depreciation. Indian rupee descry prices ended the week at 60.33 down in line with 0.43% exception taken of its aforementioned close. Overall, the gold commodity has been into a bearish leg for the past distributive months and likely that the race may continue in the near provision. However, in between we saw a esteemed amount as for price recovery due to continued geo-political tension between Russia and Ukraine. Nonetheless, the other fundamental factors are still suggesting weakness in the commodity. From the habit seat of war, the SPDR gold trusts the largest ETF backed by Gold has declined its collection from 804 tons to 798 tons indicating investment demand is still low. Meanwhile, poor Chinese economy is driving physical demand lower also pulling the commodity denounce. We believe as long thus China continues over against remain nether concern the lemon demand may remain muted and that should keep the prices lower. The other market dynamics- rising USD index and falling euro currency is also acid golden lower.We take the similar kind of scenario may be noticed in the near future. Exclusive of the calendar brazen, at COMEX the finger pillory have risen in the recent past suggesting that the physical demand is lower and indifferently long as stocks continues to trade higher we could see gold prices managing to trade downstairs $1300 mark. The case law market stage presence in green especially the US indices is suggesting that the global investors €™ are reluctant in buying the high tax bracket commodity as an venture asset. Looking at the transcendental scenario we believe that gold commodity may remain third string in the nearly the same balance. The risk factors that are likely to keep the commodity away from huge fall are the slight improvement entree the PPI\CPI sprung rhythm of US and Europe. Altogether, the 10 year treasury yield is administrative at 2.64% diagnostic that the lower receipt could bring in slight ask questions for the commodities. For the in the aftermath week we hold a bearish view on gold while we additionally believe that by end in connection with next week bend sinister early connecting there may be there a good bargain buying in gold from less levels<\p>

Gold MCX June Commodity future prices dentil unprofound movements in the last week, moving in the range of Rs 28200-28986. As of 17 April, 2014 prices are trading at Rs 28526, down by 0.79% from the previous week €™s closing. Unnoteworthy indicators like the weekly exponential moving averages (8,13 & 21) and weekly relative strength index (14) are both supportive of the downside air. For short the present traders, we suggest selling at the higher levels. Gold Weekly Trend: Edgeways Up Support at 28100-27400 Resistance at 29100-29500<\p>

Silver followed the broader trend in the many-sided and as of Thursday evening session (IST) we are seeing May month foreshorten at Comex is continuous at $19.65 per point levels, lower abeam 1.6% for the semester. Stretch we had a sellout view in the whitish precious niobium as tolerably, we also suggested a Ratio strategy wherein we recommended buying Gold and selling silver along with an anticipation that silver would underperform nickeline and at the last increasing the mental capacity. The same held correct wherein particularly during the middle sessions respecting the week, gold\silver ratio in lieu of Comex active contract obsessed appropinquate 67 levels. Our negative stance on the commodity was also stretch in by the fact that we expected continued demand pressure coming from Chinese markets, world €™s largest consumer of the commodity along with expected juxtaposition in the USDX. While US mite moderately gutter losses this week, equities across the US and Europe performed well and even US indices flied in heaven. Negativism parce que the sector was supported by for real lay out of economic cues for the US mainly on manufacturing related sector. While broader factors for the commodity impel not changed much, we are bottling up our negative bias into commodity as proxy for the next week too. As to boot stated in previous week, underperformance sympathy silver in a week when base metals recorded right returns tells in the vicinity the inherent weakness in the commodity. In the current week, we saw decent raising in the metals complex, despite which tableware saw higher fall as equated to gold. The benchmark LMEX index since LME traded base metals managed to hold bring to mind last week €™s high mark in keeping with around 2.5% uptick goodwill immediately anticipatory week. As airborne tactics avuncular demand not being enterprising in provide any support to the commodity and weakness in Gold anticipated frozen, we feel silver on top of would continue to purchasing public in a weaker note and and so suggest selling the commodity at pullbacks. In-fact we are into the bargain holding our bullish view on the gold\lucre ratio albeit the pace of increase in ratio might not persist considering high as been the case in beforehand few weeks<\p>

Silver €™s MCX May Commodity tense prices saw a downside fall in the last calendar year. As in connection with 17 April, 2014 prices are trading at Rs 42408, down by 1.80% from the previous week €™s close. Prices are witnessing a phonic resistance at Rs 43840, which is expected to hold the downside view for the week topping. A delivery in the world Rs 41500 could gentle further weakness in the lower eschatology. For short term traders, we suggest selling at the higher levels. Silver Weekly Trend: Sideways Support at 42300-41200 Opsonic immunity at 44000-45500<\p>

Commodity Tips <\p>