Commodity Market News-17 Dec 2014

Gold: The price of standard gold fell 1.1 per cent in India’s spot market in early trade on Tuesday, after the metal slipped below a key support level of $1,200 an oz in the international market, on fear of an interest rate increase by the US.

Silver: The price of silver increased $0.36 to $16.62 an oz.

Lead: Lead prices eased by 0.32% to Rs 125.30 per kg in futures trade today in tandem with a weakening trend in base metals at the London Metal Exchange.

Oil: Oil suffered fresh losses in Asia today, sinking to new multi-year lows as dealers watch Russia's ruble crisis and await the latest US crude supply report, analysts said.

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AGRI COMMODITY MARKET

BULLION COMMODITY MARKET

CS TURMERIC (APRIL) OVERVIEW: TREND MIXED TO BULLISH RESIST 2:8050 RESIST 1:7925 SUP1:7830 SUP2:7700 STRATEGY: BUY ON DIPS

CS COPPER (FEBRUARY) OVERVIEW: TREND BEARISH RESIST1:412 RESIST2:415 SUP1:403 SUP2:398 STRATEGY: SELL ON RISE

CS SOYABEAN (JANUARY) OVERVIEW: TREND BEARISH RESIST 2:3330 RESIST 1:3305 SUP1:3270 SUP2:3260 STRATEGY: SELL ON RISE

CS CRUDE (DECEMBER) OVERVIEW: TREND CONSOLIDATE RESIST1:3690 RESIS 2:3800 SUP1:3410 SUP2:3320 STRATEGY: SELL ON RISE

CS CHANA (JANUARY) OVERVIEW: TREND BULLISH RESIST 2:3250 RESIST 1:3220 SUP1:3140 SUP2:3085 STRATEGY: BUY ON DIPS

CS GOLD (FEBRUARY) OVERVIEW: TREND BEARISH RESIST1:27500 RESIST2:28100 SUP1:26855 SUP2:26500 STRATEGY: SELL ON RISE

CS DHANIYA (JANUARY) OVERVIEW: TREND BEARISH RESIST 2:13280 RESIST 1: 13105 SUP1:12840 SUP2:12750 STRATEGY: SELL ON RISE

CS SILVER (MARCH) OVERVIEW: TREND BEARISH RESIST1:37850 RESIST2:38550 SUP1:36100 SUP2:35500 STRATEGY: SELL ON RISE