CRUDE OIL NEWS 25.06.2012

Brent oil futures closed about 2 percent higher near


$91 a barrel on Friday as it rebounded on bargain

hunting after prices earlier fell to an 18-month low

and U.S. crude futures rose in reaction to a potential

storm in the Gulf of Mexico that could disrupt

production.

• An action by the European Central Bank to ease

collateral requirements -- a move designed with

Spain's woes in mind, caused the euro to rally

against the U.S. dollar, supporting crude oil futures.

• After falling about 4 percent on Thursday oil futures

regained some composure as some buyers returned

after the market had come under oversold

conditions.

• Early on Friday, oil and other commodities and

global equities came under pressure after the ratings

agency Moody's downgraded the credit ratings of 15

of the world's biggest banks to reflect potential

losses from volatile capital markets.

GOLD NEWS 25.06.2012

Gold rebounded on Friday after the last session's


sell-off, but the precious metal was virtually flat for

the year to date and posted a weekly drop of nearly

4 percent on deflation worries and a lack of

aggressive Federal Reserve stimulus.

• In early trade, gold briefly crossed into negative

territory for 2012, extending Thursday's 2.5 percent

drop. Investors were frustrated by the Fed's decision

this week to lengthen its "Operation Twist" program

aimed at lowering long-term interest rates instead of

a new outright bond purchase program.

• Inflation fears have helped fuel several years of

strong gains for gold, but investors are starting to

worry about deflation after reports this week showed

signs of slowing economic activity around the world.

• Indian gold buying has been hurt by a bad monsoon

season and a record low in the rupee, which pushed

local gold prices to an all-time high. India's

government's decision to double import duty on gold

to 4 percent also weighed heavily.

CRUDE OIL 25.06.2012

CRUDE OIL 25.06.2012:- Sell MCX July Crude Oil between 4635 - 4645, SL- 4680, Target – 4555 /4525

GOLD 25.06.2012

GOLD 25.06.2012:- Sell Gold between 30035 - 30110, SL-30275, Target - 29830/29780

True Commodities (NEAL BHAI 9999974733): SILVER Weekly Technical Report 25.06.2012 to 29.06...

True Commodities (NEAL BHAI 9999974733): SILVER Weekly Technical Report 25.06.2012 to 29.06...: MCX Silver July as seen in the weekly chart above has opened at 54,327 levels initially moved sharply higher, but found resistance at 55,19...

SILVER Weekly Technical Report 25.06.2012 to 29.06.2012

MCX Silver July as seen in the weekly chart above has opened at 54,327 levels initially moved sharply higher, but found resistance at 55,197 levels. Later prices fell sharply breaking both the supports towards 52,554 levels and finally closed sharply lower from the previous weeks closing levels.
For the next week we expect Silver prices to find strong resistance in the range of 53,550-53,650 levels. Trading consistently above 53700 levels would trigger a minor rally initially towards 54,580 levels and then finally towards 56,200 levels.

Strong support is now observed in the range of 51,945-51,700 levels. Trading consistently below 51,700 levels would extend the current fall initially towards 50,930 levels and then finally towards the major support at 50,000 levels.

COPPER Weekly Technical Report 25.06.2012 to 29.06.2012

MCX Copper June as seen in the weekly chart above has opened at 417.50 levels initially moved sharply higher, but found resistance at 424.45 levels. Later prices fell sharply towards 412.25 levels and finally closed marginally lower from the previous weeks closing levels.

For the next week we expect Copper prices to find support at 412-410 levels. Trading consistently below 410 would lead towards the strong support at 406-405 levels. Daily closing below 405 levels would indicate that a short term top has been posted and thereby major decline can be expected initially towards 397 then 387 and then finally towards the final support at 378 levels.

Resistance is now observed in the range of 424-425 levels. Trading consistently above 425 levels would lead towards the strong resistance at 430 levels. Daily closing above 430 levels would indicate that a short term bottom has been posted and thereby new leg up can be expected initially towards 441 then 446 and then finally towards the major resistance at 449 levels.