Commodity Picks

Upside for crude oil capped at Rs 7,700; Natural Gas faces hurdle at Rs 492

On the downside, the MCX Crude Oil futures have near support at Rs 7,205 and Rs 7,027 levels. Meanwhile, if Natural Gas futures sustain above Rs 492, they can rally past the Rs 535-level.

Bias negative for MCX Gold below Rs 50,500; Silver faces multiple hurdles

On the downside, near support for Gold futures seen at Rs 49,860, below which re-test of Rs 48,900-level seems likely; Silver futures face an uphill task of conquering multiple hurdles on the upside.

Bias negative for MCX Crude Oil; Natural Gas may slide below Rs 500-mark

The bias for MCX Crude Oil September futures is likely to favour the bears as long as the commodity trades below Rs 7,170; For MCX Natural Gas futures the key support range of Rs 630 - Rs 620.

MCX Crude Oil has to hold above Rs 7,350; Natural Gas may see sharp moves

The overall bias for Crude Oil remains negative, however, select momentum oscillators have turned positive on the daily chart. Natural Gas futures could see sharp directinal moves, hints ADX indicator

Short-term trend for MCX Gold turns positive; Silver remains negative

This week, the MCX Gold October futures could consolidate in the range of Rs 51,150 to Rs 52,870; Silver futures need to break above Rs 58,835 for gaining strength.

Broader outlook for Gold remains bullish; Silver can pull-back to Rs 59,250

The MCX Gold futures need to cross and sustain above Rs 51,350 to regain upward momentum; Silver futures has near support at Rs 56,100.

MCX Crude Oil futures may drop to Rs 7,100; Natural Gas in oversold zone

The MCX Crude Oil has near support at Rs 7,740, below which it can slide towards the 200-DMA at Rs 7,100. Natural Gas may test Rs 410-odd level, while a bounce to Rs 500-odd level cannot be ruled out.

Key trading levels to watch out on MCX Crude Oil, Natural Gas futures

The MCX Natural Gas futures are likely to trade with a bullish bias for the remainder of the week as long as prices sustain above Rs 709.50.

MCX Gold, Silver: Upside seems capped; likely trading range for the week

The upside for MCX Gold June futures seem capped around Rs 51,500-odd level; while MCX Silver futures are likely to face strong resistance in the Rs 64,200 - 64,800 range.

Can MCX Gold futures drop below Rs 50,000 in May? Key levels to watch out

The MCX Gold futures seem to be facing considerable resistance around Rs 52,250 as per the monthly charts. Similarly, the upside for Silver seems likely to be capped around Rs 64,200-64,750 odd levels

Bias positive for MCX Crude Oil, Natural Gas: Key levels to watch out

The MCX Crude Oil futures may seek support around the 50-DMA at Rs 7,716; while the bias for Natural Gas is likely to remain bullish as long as it sustains above Rs 525.

Commodity surge to hit two-wheeler pack the hardest among autos

Price hikes to pass on the costs will be difficult amid falling volumes

Bhavik Patel of Tradebulls Securities is bearish on Silver, Lead; check why

Despite base metals showing healthy upside this week, silver continues to drift downside

Trading strategies for nickel and lead by Tradebulls Securities

Any breach below 1,340-1,350 would crash Nickel's prices till 1,300

Trading strategies for Brent crude and zinc by Tradebulls Securities

Air travel is on the rise in the US and despite severe cases of Covid in India and Brazil, rest of world is coming out of the pandemic

Trading strategies for Brent crude and zinc by Tradebulls Securities

Air travel is on the rise in the US and despite severe cases of Covid in India and Brazil, rest of world is coming out of the pandemic

Trading strategies for gold and zinc by Tradebulls Securities

Gold has made double bottom around 44,150 and bounced back sharply

Trading strategies for copper and aluminum by Tradebulls Securities

Copper needs a decisive breakout below 657 for sellers to get active

Trading strategies for gold and crude oil by Tradebulls Securities

Range breakout for gold comes above 45,300

Trading strategies for copper and nickel by Tradebulls Securities

For Copper sellers to gain upperhand, they must breach the support of 668 levels