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labelthumbs({"version":"1.0","encoding":"UTF-8","feed":{"xmlns":"http://www.w3.org/2005/Atom","xmlns$openSearch":"http://a9.com/-/spec/opensearchrss/1.0/","xmlns$blogger":"http://schemas.google.com/blogger/2008","xmlns$georss":"http://www.georss.org/georss","xmlns$gd":"http://schemas.google.com/g/2005","xmlns$thr":"http://purl.org/syndication/thread/1.0","id":{"$t":"tag:blogger.com,1999:blog-5521125716068854336"},"updated":{"$t":"2015-09-11T19:57:38.498+05:30"},"category":[{"term":"Copper"},{"term":"CRUDE"},{"term":"Technical Comment \u0026 Charts"},{"term":"Nickel"},{"term":"Zinc"},{"term":"Gold"},{"term":"Lead"},{"term":"Silver"},{"term":"TECHNICAL LEVELS"},{"term":"Commodity News"},{"term":"Aluminium"},{"term":"Natural Gas"},{"term":"MCX Commodity"},{"term":"TECHNICAL Chart"},{"term":"MCX Chart"},{"term":"mcx tips software"},{"term":"News"},{"term":"Gold \u0026 Crude Oil Technical Pre-session commentary"},{"term":"mcx crude"},{"term":"Copper loses momentum"},{"term":"Pivot"},{"term":"Rupee"},{"term":"sgx nifty live"},{"term":"writing on Indian Currency note"}],"title":{"type":"text","$t":"SHUBHLAXMI COMMODITY"},"subtitle":{"type":"html","$t":"The complete stock portal Indian stock market (MCX,NCDEX,NSE,BSE) International, Nymex,World Market Live Rate Daily Pivot Point GOLD,SILVER,Crude,Copper,Lead,Zink,Nickel,NG Free Power Levels \u0026amp; Breaking news, scrap, Scrap price, Trading calls,short term picks,results \u0026amp; more and Best Buy Sell Signal Software for NSE Futures, Nifty, Currency and MCX and Ncdex Commodities- Compatible with All Types of Browsers and also App for Android and windows SmartPhones and Personal Computer"},"link":[{"rel":"http://schemas.google.com/g/2005#feed","type":"application/atom+xml","href":"http:\/\/www.shubhlaxmicommodity.com\/feeds\/posts\/default"},{"rel":"self","type":"application/atom+xml","href":"http:\/\/www.blogger.com\/feeds\/5521125716068854336\/posts\/default?alt=json-in-script"},{"rel":"alternate","type":"text/html","href":"http:\/\/www.shubhlaxmicommodity.com\/"},{"rel":"hub","href":"http://pubsubhubbub.appspot.com/"},{"rel":"next","type":"application/atom+xml","href":"http:\/\/www.blogger.com\/feeds\/5521125716068854336\/posts\/default?alt=json-in-script\u0026start-index=26\u0026max-results=25"}],"author":[{"name":{"$t":"Shubhlaxmi Harish"},"uri":{"$t":"https:\/\/plus.google.com\/109114604645456401059"},"email":{"$t":"noreply@blogger.com"},"gd$image":{"rel":"http://schemas.google.com/g/2005#thumbnail","width":"32","height":"32","src":"\/\/lh4.googleusercontent.com\/-zpgpvNfS450\/AAAAAAAAAAI\/AAAAAAAASPs\/--U4fEkyPFo\/s512-c\/photo.jpg"}}],"generator":{"version":"7.00","uri":"http://www.blogger.com","$t":"Blogger"},"openSearch$totalResults":{"$t":"297"},"openSearch$startIndex":{"$t":"1"},"openSearch$itemsPerPage":{"$t":"25"},"entry":[{"id":{"$t":"tag:blogger.com,1999:blog-5521125716068854336.post-1274133332550832580"},"published":{"$t":"2015-09-11T18:59:00.003+05:30"},"updated":{"$t":"2015-09-11T18:59:22.223+05:30"},"category":[{"scheme":"http://www.blogger.com/atom/ns#","term":"CRUDE"},{"scheme":"http://www.blogger.com/atom/ns#","term":"mcx crude"},{"scheme":"http://www.blogger.com/atom/ns#","term":"News"},{"scheme":"http://www.blogger.com/atom/ns#","term":"Technical Comment \u0026 Charts"}],"title":{"type":"text","$t":"11 Sep 2015 Technical Chart Crude oil Bullish stance"},"content":{"type":"html","$t":"\u003Ca href=\"http:\/\/2.bp.blogspot.com\/-vu5_kve1kzQ\/VbmviGHJxcI\/AAAAAAAATj4\/XAjGc0Tv5WI\/s1600\/Crude-Oil-3.jpg\" imageanchor=\"1\"\u003E\u003Cimg border=\"0\" height=\"371\" src=\"http:\/\/2.bp.blogspot.com\/-vu5_kve1kzQ\/VbmviGHJxcI\/AAAAAAAATj4\/XAjGc0Tv5WI\/s640\/Crude-Oil-3.jpg\" width=\"640\" \/\u003E\u003C\/a\u003E \u003Ca href=\"http:\/\/1.bp.blogspot.com\/-kxo5pUIQfuA\/VfLXDODSkXI\/AAAAAAAAUSM\/twRodBv75Fo\/s1600\/Chart101.jpg\" imageanchor=\"1\"\u003E\u003Cimg border=\"0\" src=\"http:\/\/1.bp.blogspot.com\/-kxo5pUIQfuA\/VfLXDODSkXI\/AAAAAAAAUSM\/twRodBv75Fo\/s1600\/Chart101.jpg\" \/\u003E\u003C\/a\u003E\u003Cbr \/\u003E\u003Cbr \/\u003E\u003Cdiv style=\"text-align: justify;\"\u003E The adjacent chart shows the price movement of MCX crude oil continuous contract. Recently, the oil witnessed a sharp bounce after the multi-month correction. It broke out from the medium-term falling trendline. First leg of the bounce retraced 50% of the fall. From thereon the oil is forming a minor degree correction and is testing the key daily moving averages. It has a potential to form a triangular pattern, which will be a bullish one. Once the minor degree correction is over, the oil can start its next leg on the upside. The short-term momentum indicators are in a bullish mode. A key support zone on closing basis will be Rs2,921-2,880. On the higher side, an immediate resistance is at Rs3,095. Once that is crossed, Rs3,260–3,425 will be the target zone from short-to-medium term perspective. \u003C\/div\u003E"},"link":[{"rel":"edit","type":"application/atom+xml","href":"http:\/\/www.blogger.com\/feeds\/5521125716068854336\/posts\/default\/1274133332550832580"},{"rel":"self","type":"application/atom+xml","href":"http:\/\/www.blogger.com\/feeds\/5521125716068854336\/posts\/default\/1274133332550832580"},{"rel":"alternate","type":"text/html","href":"http:\/\/www.shubhlaxmicommodity.com\/2015\/09\/11-sep-2015-technical-chart-crude-oil.html","title":"11 Sep 2015 Technical Chart Crude oil Bullish stance"}],"author":[{"name":{"$t":"Shubhlaxmi Harish"},"uri":{"$t":"https:\/\/plus.google.com\/109114604645456401059"},"email":{"$t":"noreply@blogger.com"},"gd$image":{"rel":"http://schemas.google.com/g/2005#thumbnail","width":"32","height":"32","src":"\/\/lh4.googleusercontent.com\/-zpgpvNfS450\/AAAAAAAAAAI\/AAAAAAAASPs\/--U4fEkyPFo\/s512-c\/photo.jpg"}}],"media$thumbnail":{"xmlns$media":"http://search.yahoo.com/mrss/","url":"http:\/\/2.bp.blogspot.com\/-vu5_kve1kzQ\/VbmviGHJxcI\/AAAAAAAATj4\/XAjGc0Tv5WI\/s72-c\/Crude-Oil-3.jpg","height":"72","width":"72"}},{"id":{"$t":"tag:blogger.com,1999:blog-5521125716068854336.post-2727691643371960964"},"published":{"$t":"2015-09-09T19:56:00.006+05:30"},"updated":{"$t":"2015-09-09T19:56:53.878+05:30"},"category":[{"scheme":"http://www.blogger.com/atom/ns#","term":"News"},{"scheme":"http://www.blogger.com/atom/ns#","term":"Nickel"},{"scheme":"http://www.blogger.com/atom/ns#","term":"Technical Comment \u0026 Charts"}],"title":{"type":"text","$t":"09 Sep 2015 Technical Chart Nickel Bounce on the cards"},"content":{"type":"html","$t":"\u003Ca href=\"http:\/\/2.bp.blogspot.com\/-93Wy5HMdc7w\/VfBA7-oTV_I\/AAAAAAAAUR0\/9O23yE_SP2s\/s1600\/nickel3.jpg\" imageanchor=\"1\"\u003E\u003Cimg border=\"0\" height=\"419\" src=\"http:\/\/2.bp.blogspot.com\/-93Wy5HMdc7w\/VfBA7-oTV_I\/AAAAAAAAUR0\/9O23yE_SP2s\/s640\/nickel3.jpg\" width=\"640\" \/\u003E\u003C\/a\u003E \u003Ca href=\"http:\/\/1.bp.blogspot.com\/-jsjBoyqKUEg\/VfBBBSr6U1I\/AAAAAAAAUR8\/5szdIi89iS4\/s1600\/Chart101.jpg\" imageanchor=\"1\"\u003E\u003Cimg border=\"0\" src=\"http:\/\/1.bp.blogspot.com\/-jsjBoyqKUEg\/VfBBBSr6U1I\/AAAAAAAAUR8\/5szdIi89iS4\/s1600\/Chart101.jpg\" \/\u003E\u003C\/a\u003E\u003Cbr \/\u003E\u003Cbr \/\u003E\u003Cdiv style=\"text-align: justify;\"\u003E The adjacent chart shows the price movement of MCX nickel continuous contract. The base metal has been trading in a multi-month falling channel. Recently, it found support near the lower end of the channel. From thereon it has entered a pullback mode. In the last session, nickel has formed a bullish outside bar and has crossed the 20-day moving average on a closing basis. The daily momentum indicator is in a bullish mode. These observations suggest that the bulls are having upper hand on the commodity. Key levels on the upside will be Rs690–703. On the other hand, a low of the bullish bar, ie Rs.646, will act as a key support.\u003C\/div\u003E"},"link":[{"rel":"edit","type":"application/atom+xml","href":"http:\/\/www.blogger.com\/feeds\/5521125716068854336\/posts\/default\/2727691643371960964"},{"rel":"self","type":"application/atom+xml","href":"http:\/\/www.blogger.com\/feeds\/5521125716068854336\/posts\/default\/2727691643371960964"},{"rel":"alternate","type":"text/html","href":"http:\/\/www.shubhlaxmicommodity.com\/2015\/09\/09-sep-2015-technical-chart-nickel.html","title":"09 Sep 2015 Technical Chart Nickel Bounce on the cards"}],"author":[{"name":{"$t":"Shubhlaxmi Harish"},"uri":{"$t":"https:\/\/plus.google.com\/109114604645456401059"},"email":{"$t":"noreply@blogger.com"},"gd$image":{"rel":"http://schemas.google.com/g/2005#thumbnail","width":"32","height":"32","src":"\/\/lh4.googleusercontent.com\/-zpgpvNfS450\/AAAAAAAAAAI\/AAAAAAAASPs\/--U4fEkyPFo\/s512-c\/photo.jpg"}}],"media$thumbnail":{"xmlns$media":"http://search.yahoo.com/mrss/","url":"http:\/\/2.bp.blogspot.com\/-93Wy5HMdc7w\/VfBA7-oTV_I\/AAAAAAAAUR0\/9O23yE_SP2s\/s72-c\/nickel3.jpg","height":"72","width":"72"}},{"id":{"$t":"tag:blogger.com,1999:blog-5521125716068854336.post-3119527214258104711"},"published":{"$t":"2015-09-07T18:22:00.001+05:30"},"updated":{"$t":"2015-09-07T18:22:09.070+05:30"},"category":[{"scheme":"http://www.blogger.com/atom/ns#","term":"Copper"},{"scheme":"http://www.blogger.com/atom/ns#","term":"News"},{"scheme":"http://www.blogger.com/atom/ns#","term":"Technical Comment \u0026 Charts"}],"title":{"type":"text","$t":"07 Sep 2015 Technical Chart Copper Keep an eye"},"content":{"type":"html","$t":"\u003Ca href=\"http:\/\/4.bp.blogspot.com\/-T6HW8df3te4\/VdKu8jkt0bI\/AAAAAAAATqs\/fN04fRSZceg\/s1600\/copper-13.jpg\" imageanchor=\"1\"\u003E\u003Cimg border=\"0\" src=\"http:\/\/4.bp.blogspot.com\/-T6HW8df3te4\/VdKu8jkt0bI\/AAAAAAAATqs\/fN04fRSZceg\/s1600\/copper-13.jpg\" \/\u003E\u003C\/a\u003E \u003Ca href=\"http:\/\/1.bp.blogspot.com\/-hdLGh6GzU10\/Ve2IGbIqs7I\/AAAAAAAAURI\/y-YOAkX_btk\/s1600\/Chart101.jpg\" imageanchor=\"1\"\u003E\u003Cimg border=\"0\" src=\"http:\/\/1.bp.blogspot.com\/-hdLGh6GzU10\/Ve2IGbIqs7I\/AAAAAAAAURI\/y-YOAkX_btk\/s1600\/Chart101.jpg\" \/\u003E\u003C\/a\u003E\u003Cbr \/\u003E\u003Cbr \/\u003E\u003Cdiv style=\"text-align: justify;\"\u003E COMEX copper had formed a complex pullback, which had faced resistance near the 61.8% retracement of the entire previous fall ($3.294-2.419). From the key Fibonacci level, the red metal tumbled towards a crucial multi-month trend line and the lower end of the medium-term falling channel. Copper formed a short-term base near those supports and has started moving up. It has surpassed a medium-term falling trendline. The short-term momentum indicators have turned bullish. Thus, copper can attempt a bounce till $2.50-2.58. The recent low of $2.209 will act as a strong support.\u003C\/div\u003E"},"link":[{"rel":"edit","type":"application/atom+xml","href":"http:\/\/www.blogger.com\/feeds\/5521125716068854336\/posts\/default\/3119527214258104711"},{"rel":"self","type":"application/atom+xml","href":"http:\/\/www.blogger.com\/feeds\/5521125716068854336\/posts\/default\/3119527214258104711"},{"rel":"alternate","type":"text/html","href":"http:\/\/www.shubhlaxmicommodity.com\/2015\/09\/07-sep-2015-technical-chart-copper-keep.html","title":"07 Sep 2015 Technical Chart Copper Keep an eye"}],"author":[{"name":{"$t":"Shubhlaxmi Harish"},"uri":{"$t":"https:\/\/plus.google.com\/109114604645456401059"},"email":{"$t":"noreply@blogger.com"},"gd$image":{"rel":"http://schemas.google.com/g/2005#thumbnail","width":"32","height":"32","src":"\/\/lh4.googleusercontent.com\/-zpgpvNfS450\/AAAAAAAAAAI\/AAAAAAAASPs\/--U4fEkyPFo\/s512-c\/photo.jpg"}}],"media$thumbnail":{"xmlns$media":"http://search.yahoo.com/mrss/","url":"http:\/\/4.bp.blogspot.com\/-T6HW8df3te4\/VdKu8jkt0bI\/AAAAAAAATqs\/fN04fRSZceg\/s72-c\/copper-13.jpg","height":"72","width":"72"}},{"id":{"$t":"tag:blogger.com,1999:blog-5521125716068854336.post-2704823775769703392"},"published":{"$t":"2015-09-06T11:03:00.004+05:30"},"updated":{"$t":"2015-09-06T11:39:26.169+05:30"},"category":[{"scheme":"http://www.blogger.com/atom/ns#","term":"News"}],"title":{"type":"text","$t":"Shubhlaxmi Super Power Offer Pack"},"content":{"type":"html","$t":"\u003Ciframe allowtransparency=\"true\" border=\"0\" frameborder=\"0\" marginheight=\"0\" marginwidth=\"0\" scrolling=\"no\" src=\"https:\/\/dl.dropboxusercontent.com\/u\/94409084\/plugin\/super_pack.html\" style=\"border: 0; height: 650px; margin: 0; width: 710px;\"\u003E\u003C\/iframe\u003E"},"link":[{"rel":"edit","type":"application/atom+xml","href":"http:\/\/www.blogger.com\/feeds\/5521125716068854336\/posts\/default\/2704823775769703392"},{"rel":"self","type":"application/atom+xml","href":"http:\/\/www.blogger.com\/feeds\/5521125716068854336\/posts\/default\/2704823775769703392"},{"rel":"alternate","type":"text/html","href":"http:\/\/www.shubhlaxmicommodity.com\/2015\/09\/shubhlaxmi-super-power-offer-pack.html","title":"Shubhlaxmi Super Power Offer Pack"}],"author":[{"name":{"$t":"Shubhlaxmi Harish"},"uri":{"$t":"https:\/\/plus.google.com\/109114604645456401059"},"email":{"$t":"noreply@blogger.com"},"gd$image":{"rel":"http://schemas.google.com/g/2005#thumbnail","width":"32","height":"32","src":"\/\/lh4.googleusercontent.com\/-zpgpvNfS450\/AAAAAAAAAAI\/AAAAAAAASPs\/--U4fEkyPFo\/s512-c\/photo.jpg"}}]},{"id":{"$t":"tag:blogger.com,1999:blog-5521125716068854336.post-3993972911467621260"},"published":{"$t":"2015-08-31T11:37:00.000+05:30"},"updated":{"$t":"2015-08-31T11:37:04.142+05:30"},"category":[{"scheme":"http://www.blogger.com/atom/ns#","term":"Commodity News"},{"scheme":"http://www.blogger.com/atom/ns#","term":"Gold"},{"scheme":"http://www.blogger.com/atom/ns#","term":"News"}],"title":{"type":"text","$t":"Yellow metal sizzles despite Fed tightening fears"},"content":{"type":"html","$t":"\u003Cdiv class=\"separator\" style=\"clear: both; text-align: center;\"\u003E\u003Ca href=\"http:\/\/4.bp.blogspot.com\/-D5umUlQlut4\/VbiPrwxaKSI\/AAAAAAAATio\/lOGEASm1HW0\/s1600\/Gold14.jpg\" imageanchor=\"1\" style=\"margin-left: 1em; margin-right: 1em;\"\u003E\u003Cimg border=\"0\" height=\"480\" src=\"http:\/\/4.bp.blogspot.com\/-D5umUlQlut4\/VbiPrwxaKSI\/AAAAAAAATio\/lOGEASm1HW0\/s640\/Gold14.jpg\" width=\"640\" \/\u003E\u003C\/a\u003E\u003C\/div\u003E\u003Cdiv style=\"text-align: justify;\"\u003EGold futures rallied handsomely in the domestic market on Friday, advancing more than 1.3 per cent even as traders mulled the prospects of US monetary tightening next month. \u003C\/div\u003E\u003Cdiv style=\"text-align: justify;\"\u003E\u003Cbr \/\u003E\u003C\/div\u003E\u003Cdiv style=\"text-align: justify;\"\u003ERecent economic data showed that the world’s biggest economy was in solid shape but soft inflation and the ongoing financial market turmoil are factors that may hold back the Federal Reserve from raising interest rates in September. \u003C\/div\u003E\u003Cdiv style=\"text-align: justify;\"\u003E\u003Cbr \/\u003E\u003C\/div\u003E\u003Cdiv style=\"text-align: justify;\"\u003EWhile Q2 US GDP growth was sharply revised upwards to 3.7 per cent from an earlier estimate of 2.3 per cent, the Fed’s core inflation gauge registered its smallest gain in four years, advancing by 1.2 per cent in July 2015, year on year, falling well short of the 2 per cent target. \u003C\/div\u003E\u003Cdiv style=\"text-align: justify;\"\u003E\u003Cbr \/\u003E\u003C\/div\u003E\u003Cdiv style=\"text-align: justify;\"\u003EAtlanta Fed President Dennis Lockhart said that an initial rate hike could happen at any of the Fed’s remaining three policy meetings in 2015. \u003C\/div\u003E\u003Cdiv style=\"text-align: justify;\"\u003E\u003Cbr \/\u003E\u003C\/div\u003E\u003Cdiv style=\"text-align: justify;\"\u003EGold’s sharp gains came even amidst a stronger dollar which tends to curb demand for the precious metal as an alternative asset. A stronger dollar makes Gold more expensive for those holding other currencies, thus dimming demand. \u003C\/div\u003E\u003Cdiv style=\"text-align: justify;\"\u003E\u003Cbr \/\u003E\u003C\/div\u003E\u003Cdiv style=\"text-align: justify;\"\u003EGold may fall today after the Vice President of the world’s top central bank warned that it was too early to rule out September policy tightening as the ongoing volatility in global markets may ease quickly while seeing a pickup in the pace of inflation. \u003C\/div\u003E\u003Cdiv style=\"text-align: justify;\"\u003E\u003Cbr \/\u003E\u003C\/div\u003E\u003Cdiv style=\"text-align: justify;\"\u003EAt the MCX, Gold futures for October 2015 contract closed at Rs 26,623 per 10 gram, up by 1.31 per cent after opening at Rs 26,490, against the previous closing price of Rs 26,278. It touched the intra-day high of Rs 26,750.\u003C\/div\u003E"},"link":[{"rel":"edit","type":"application/atom+xml","href":"http:\/\/www.blogger.com\/feeds\/5521125716068854336\/posts\/default\/3993972911467621260"},{"rel":"self","type":"application/atom+xml","href":"http:\/\/www.blogger.com\/feeds\/5521125716068854336\/posts\/default\/3993972911467621260"},{"rel":"alternate","type":"text/html","href":"http:\/\/www.shubhlaxmicommodity.com\/2015\/08\/yellow-metal-sizzles-despite-fed.html","title":"Yellow metal sizzles despite Fed tightening fears"}],"author":[{"name":{"$t":"Shubhlaxmi Harish"},"uri":{"$t":"https:\/\/plus.google.com\/109114604645456401059"},"email":{"$t":"noreply@blogger.com"},"gd$image":{"rel":"http://schemas.google.com/g/2005#thumbnail","width":"32","height":"32","src":"\/\/lh4.googleusercontent.com\/-zpgpvNfS450\/AAAAAAAAAAI\/AAAAAAAASPs\/--U4fEkyPFo\/s512-c\/photo.jpg"}}],"media$thumbnail":{"xmlns$media":"http://search.yahoo.com/mrss/","url":"http:\/\/4.bp.blogspot.com\/-D5umUlQlut4\/VbiPrwxaKSI\/AAAAAAAATio\/lOGEASm1HW0\/s72-c\/Gold14.jpg","height":"72","width":"72"}},{"id":{"$t":"tag:blogger.com,1999:blog-5521125716068854336.post-2905920555686095889"},"published":{"$t":"2015-08-24T19:26:00.005+05:30"},"updated":{"$t":"2015-09-11T19:00:54.674+05:30"},"category":[{"scheme":"http://www.blogger.com/atom/ns#","term":"CRUDE"},{"scheme":"http://www.blogger.com/atom/ns#","term":"Technical Comment \u0026 Charts"}],"title":{"type":"text","$t":"24 Aug 2015 Technical Chart Crude oil Fall continues"},"content":{"type":"html","$t":"\u003Cdiv class=\"separator\" style=\"clear: both; text-align: center;\"\u003E\u003Ca href=\"http:\/\/3.bp.blogspot.com\/-cuIki85Bzq8\/VS9StEhJ4dI\/AAAAAAAATIw\/Ywrt6d3M-Eg\/s1600\/crude-oil-2.jpg\" imageanchor=\"1\" style=\"clear: left; float: left; margin-bottom: 1em; margin-right: 1em;\"\u003E\u003Cimg border=\"0\" src=\"http:\/\/3.bp.blogspot.com\/-cuIki85Bzq8\/VS9StEhJ4dI\/AAAAAAAATIw\/Ywrt6d3M-Eg\/s1600\/crude-oil-2.jpg\" \/\u003E\u003C\/a\u003E\u003C\/div\u003E\u003Cdiv class=\"separator\" style=\"clear: both; text-align: center;\"\u003E\u003Ca href=\"http:\/\/4.bp.blogspot.com\/-H2MgbSgwfDA\/VdsiTsAdCRI\/AAAAAAAATvs\/Vo8uBx00qvE\/s1600\/Chart101.jpg\" imageanchor=\"1\" style=\"clear: left; float: left; margin-bottom: 1em; margin-right: 1em;\"\u003E\u003Cimg border=\"0\" src=\"http:\/\/4.bp.blogspot.com\/-H2MgbSgwfDA\/VdsiTsAdCRI\/AAAAAAAATvs\/Vo8uBx00qvE\/s1600\/Chart101.jpg\" \/\u003E\u003C\/a\u003E\u003C\/div\u003E\u003Cdiv style=\"text-align: justify;\"\u003E\u003Cspan style=\"font-family: Verdana, sans-serif;\"\u003ESince the beginning of July crude oil has been falling down sharply. The fall is breaking up into lower degree waves. The short-term as well as medium-term momentum indicators are in a bearish mode. In terms of wave structure the oil is forming an impulse on the downside and the fifth leg is forming an extension on the downside. The oil has broken the low of $42.03 on closing basis. Subsequent level on the downside will be $38-35. On the other hand, the swing high of $43.18 will act as a key resistance.\u003C\/span\u003E\u003C\/div\u003E"},"link":[{"rel":"edit","type":"application/atom+xml","href":"http:\/\/www.blogger.com\/feeds\/5521125716068854336\/posts\/default\/2905920555686095889"},{"rel":"self","type":"application/atom+xml","href":"http:\/\/www.blogger.com\/feeds\/5521125716068854336\/posts\/default\/2905920555686095889"},{"rel":"alternate","type":"text/html","href":"http:\/\/www.shubhlaxmicommodity.com\/2015\/08\/24-aug-2015-technical-chart-crude-oil.html","title":"24 Aug 2015 Technical Chart Crude oil Fall continues"}],"author":[{"name":{"$t":"Shubhlaxmi Harish"},"uri":{"$t":"https:\/\/plus.google.com\/109114604645456401059"},"email":{"$t":"noreply@blogger.com"},"gd$image":{"rel":"http://schemas.google.com/g/2005#thumbnail","width":"32","height":"32","src":"\/\/lh4.googleusercontent.com\/-zpgpvNfS450\/AAAAAAAAAAI\/AAAAAAAASPs\/--U4fEkyPFo\/s512-c\/photo.jpg"}}],"media$thumbnail":{"xmlns$media":"http://search.yahoo.com/mrss/","url":"http:\/\/3.bp.blogspot.com\/-cuIki85Bzq8\/VS9StEhJ4dI\/AAAAAAAATIw\/Ywrt6d3M-Eg\/s72-c\/crude-oil-2.jpg","height":"72","width":"72"}},{"id":{"$t":"tag:blogger.com,1999:blog-5521125716068854336.post-529021469978855388"},"published":{"$t":"2015-08-21T17:11:00.002+05:30"},"updated":{"$t":"2015-09-11T19:00:32.858+05:30"},"category":[{"scheme":"http://www.blogger.com/atom/ns#","term":"Lead"},{"scheme":"http://www.blogger.com/atom/ns#","term":"Technical Comment \u0026 Charts"}],"title":{"type":"text","$t":"21 Aug 2015 Technical Chart Lead Keep under scanner"},"content":{"type":"html","$t":"\u003Cdiv class=\"separator\" style=\"clear: both; text-align: center;\"\u003E\u003Ca href=\"http:\/\/1.bp.blogspot.com\/-E2gqkQ2a77M\/VcydzUourII\/AAAAAAAATpQ\/A8AkvfrSTVs\/s1600\/Lead-5.jpg\" imageanchor=\"1\" style=\"clear: left; float: left; margin-bottom: 1em; margin-right: 1em;\"\u003E\u003Cimg border=\"0\" src=\"http:\/\/1.bp.blogspot.com\/-E2gqkQ2a77M\/VcydzUourII\/AAAAAAAATpQ\/A8AkvfrSTVs\/s1600\/Lead-5.jpg\" \/\u003E\u003C\/a\u003E\u003C\/div\u003E\u003Cdiv class=\"separator\" style=\"clear: both; text-align: center;\"\u003E\u003Ca href=\"http:\/\/4.bp.blogspot.com\/-IgdtmYyz1No\/VdcN4LZ7cGI\/AAAAAAAATvc\/bj_SERGgW_M\/s1600\/Chart101.jpg\" imageanchor=\"1\" style=\"clear: left; float: left; margin-bottom: 1em; margin-right: 1em;\"\u003E\u003Cimg border=\"0\" src=\"http:\/\/4.bp.blogspot.com\/-IgdtmYyz1No\/VdcN4LZ7cGI\/AAAAAAAATvc\/bj_SERGgW_M\/s1600\/Chart101.jpg\" \/\u003E\u003C\/a\u003E\u003C\/div\u003E\u003Cdiv style=\"text-align: justify;\"\u003E\u003Cspan style=\"font-family: Verdana, sans-serif;\"\u003EIn the last few sessions, MCX lead formed a short-term pullback, which retraced 61.8% of the previous fall. It also faced resistance near the 40-day exponential moving average and the daily upper Bollinger band. Thus, from thereon lead started falling down. On the downside Rs.107.50-107.00 will be the key area to watch out for. A larger downside can be expected once the support zone breaks. On the other hand, the swing high of Rs.114.65 will act as a key resistance. If bulls manage to surpass that hurdle then lead will be poised for a significant upside.\u003C\/span\u003E\u003C\/div\u003E"},"link":[{"rel":"edit","type":"application/atom+xml","href":"http:\/\/www.blogger.com\/feeds\/5521125716068854336\/posts\/default\/529021469978855388"},{"rel":"self","type":"application/atom+xml","href":"http:\/\/www.blogger.com\/feeds\/5521125716068854336\/posts\/default\/529021469978855388"},{"rel":"alternate","type":"text/html","href":"http:\/\/www.shubhlaxmicommodity.com\/2015\/08\/21-aug-2015-technical-chart-lead-keep.html","title":"21 Aug 2015 Technical Chart Lead Keep under scanner"}],"author":[{"name":{"$t":"Shubhlaxmi Harish"},"uri":{"$t":"https:\/\/plus.google.com\/109114604645456401059"},"email":{"$t":"noreply@blogger.com"},"gd$image":{"rel":"http://schemas.google.com/g/2005#thumbnail","width":"32","height":"32","src":"\/\/lh4.googleusercontent.com\/-zpgpvNfS450\/AAAAAAAAAAI\/AAAAAAAASPs\/--U4fEkyPFo\/s512-c\/photo.jpg"}}],"media$thumbnail":{"xmlns$media":"http://search.yahoo.com/mrss/","url":"http:\/\/1.bp.blogspot.com\/-E2gqkQ2a77M\/VcydzUourII\/AAAAAAAATpQ\/A8AkvfrSTVs\/s72-c\/Lead-5.jpg","height":"72","width":"72"}},{"id":{"$t":"tag:blogger.com,1999:blog-5521125716068854336.post-3005281850881497855"},"published":{"$t":"2015-08-19T19:00:00.002+05:30"},"updated":{"$t":"2015-09-11T19:00:15.778+05:30"},"category":[{"scheme":"http://www.blogger.com/atom/ns#","term":"Nickel"},{"scheme":"http://www.blogger.com/atom/ns#","term":"Technical Comment \u0026 Charts"}],"title":{"type":"text","$t":"19 Aug 2015 Technical Chart Nickel Rolling down "},"content":{"type":"html","$t":"\u003Cdiv class=\"separator\" style=\"clear: both; text-align: center;\"\u003E\u003Ca href=\"http:\/\/1.bp.blogspot.com\/-wGvsmKO6hqs\/Va9Rm4-IGmI\/AAAAAAAATcU\/deb9OiB7YQQ\/s1600\/nickel.jpg\" imageanchor=\"1\" style=\"clear: left; float: left; margin-bottom: 1em; margin-right: 1em;\"\u003E\u003Cimg border=\"0\" height=\"480\" src=\"http:\/\/1.bp.blogspot.com\/-wGvsmKO6hqs\/Va9Rm4-IGmI\/AAAAAAAATcU\/deb9OiB7YQQ\/s640\/nickel.jpg\" width=\"640\" \/\u003E\u003C\/a\u003E\u003C\/div\u003E\u003Cdiv class=\"separator\" style=\"clear: both; text-align: center;\"\u003E\u003Ca href=\"http:\/\/3.bp.blogspot.com\/-SbvA0x8k8oM\/VdSEi13tVmI\/AAAAAAAATtc\/cbF5BBaZg4w\/s1600\/Chart101.jpg\" imageanchor=\"1\" style=\"clear: left; float: left; margin-bottom: 1em; margin-right: 1em;\"\u003E\u003Cimg border=\"0\" src=\"http:\/\/3.bp.blogspot.com\/-SbvA0x8k8oM\/VdSEi13tVmI\/AAAAAAAATtc\/cbF5BBaZg4w\/s1600\/Chart101.jpg\" \/\u003E\u003C\/a\u003E\u003C\/div\u003E\u003Cdiv style=\"text-align: justify;\"\u003EThe adjacent chart shows price movement of MCX nickel continuous contract. The base metal has been trading in a multi-month falling channel. Recently, it found support near the lower end of a medium-term falling channel and formed a pullback. However, it faced resistance near the key daily moving averages (DMAs). Thus, the base metal has started falling once again. Any minor degree bounce is being caped by the 20-DMA. Hence, unless 20-DMA, ie Rs702, is crossed nickel can fall towards the channel line, which is near Rs.650 and the monthly lower Bollinger band, which is near Rs.646.\u003C\/div\u003E"},"link":[{"rel":"edit","type":"application/atom+xml","href":"http:\/\/www.blogger.com\/feeds\/5521125716068854336\/posts\/default\/3005281850881497855"},{"rel":"self","type":"application/atom+xml","href":"http:\/\/www.blogger.com\/feeds\/5521125716068854336\/posts\/default\/3005281850881497855"},{"rel":"alternate","type":"text/html","href":"http:\/\/www.shubhlaxmicommodity.com\/2015\/08\/19-aug-2015-technical-chart-nickel.html","title":"19 Aug 2015 Technical Chart Nickel Rolling down "}],"author":[{"name":{"$t":"Shubhlaxmi Harish"},"uri":{"$t":"https:\/\/plus.google.com\/109114604645456401059"},"email":{"$t":"noreply@blogger.com"},"gd$image":{"rel":"http://schemas.google.com/g/2005#thumbnail","width":"32","height":"32","src":"\/\/lh4.googleusercontent.com\/-zpgpvNfS450\/AAAAAAAAAAI\/AAAAAAAASPs\/--U4fEkyPFo\/s512-c\/photo.jpg"}}],"media$thumbnail":{"xmlns$media":"http://search.yahoo.com/mrss/","url":"http:\/\/1.bp.blogspot.com\/-wGvsmKO6hqs\/Va9Rm4-IGmI\/AAAAAAAATcU\/deb9OiB7YQQ\/s72-c\/nickel.jpg","height":"72","width":"72"}},{"id":{"$t":"tag:blogger.com,1999:blog-5521125716068854336.post-8255889110174794913"},"published":{"$t":"2015-08-19T10:25:00.002+05:30"},"updated":{"$t":"2015-08-31T11:16:42.771+05:30"},"category":[{"scheme":"http://www.blogger.com/atom/ns#","term":"Commodity News"},{"scheme":"http://www.blogger.com/atom/ns#","term":"Gold"}],"title":{"type":"text","$t":"Yellow metal ends on listless note as Fed minutes eyed"},"content":{"type":"html","$t":"\u003Cdiv class=\"separator\" style=\"clear: both; text-align: center;\"\u003E\u003Ca href=\"http:\/\/3.bp.blogspot.com\/-8oGlG4w9-ZM\/VbiPr6WHSDI\/AAAAAAAATfk\/szmZE2YhlAI\/s1600\/Gold13.jpg\" imageanchor=\"1\" style=\"clear: left; float: left; margin-bottom: 1em; margin-right: 1em;\"\u003E\u003Cimg border=\"0\" src=\"http:\/\/3.bp.blogspot.com\/-8oGlG4w9-ZM\/VbiPr6WHSDI\/AAAAAAAATfk\/szmZE2YhlAI\/s1600\/Gold13.jpg\" \/\u003E\u003C\/a\u003E\u003C\/div\u003E\u003Cdiv style=\"text-align: justify;\"\u003E\u003Cspan style=\"font-family: Verdana, sans-serif;\"\u003EGold futures succumbed to mild losses in the domestic market on Tuesday as investors and speculators were cautious over booking fresh positions in the precious metal ahead of the minutes from the Fed’s latest meet, set for release on Wednesday, which may offer cues over the timing of a maiden interest rate lift-off since 2006. \u003C\/span\u003E\u003C\/div\u003E\u003Cdiv style=\"text-align: justify;\"\u003E\u003Cspan style=\"font-family: Verdana, sans-serif;\"\u003E\u003Cbr \/\u003E\u003C\/span\u003E\u003C\/div\u003E\u003Cdiv style=\"text-align: justify;\"\u003E\u003Cspan style=\"font-family: Verdana, sans-serif;\"\u003EBetter than expected US housing data which showed that new home construction soared to the highest level in almost eight years in July triggered speculation that the world’s top central bank may raise interest rates in September, dimming the lure for Gold as a store of value. \u003C\/span\u003E\u003C\/div\u003E\u003Cdiv style=\"text-align: justify;\"\u003E\u003Cspan style=\"font-family: Verdana, sans-serif;\"\u003E\u003Cbr \/\u003E\u003C\/span\u003E\u003C\/div\u003E\u003Cdiv style=\"text-align: justify;\"\u003E\u003Cspan style=\"font-family: Verdana, sans-serif;\"\u003EA stronger dollar also curbed the lure for the bullion as an alternative asset. Stronger greenback makes Gold more expensive for those holding other currencies, thus dimming demand. \u003C\/span\u003E\u003C\/div\u003E\u003Cdiv style=\"text-align: justify;\"\u003E\u003Cspan style=\"font-family: Verdana, sans-serif;\"\u003E\u003Cbr \/\u003E\u003C\/span\u003E\u003C\/div\u003E\u003Cdiv style=\"text-align: justify;\"\u003E\u003Cspan style=\"font-family: Verdana, sans-serif;\"\u003EHowever, strong safe haven demand amid a rout in Chinese equities which shed more than 6 per cent of their value amid speculation of reduced state intervention to support the country’s battered stock markets limited the losses in the precious metal. \u003C\/span\u003E\u003C\/div\u003E\u003Cdiv style=\"text-align: justify;\"\u003E\u003Cspan style=\"font-family: Verdana, sans-serif;\"\u003E\u003Cbr \/\u003E\u003C\/span\u003E\u003C\/div\u003E\u003Cdiv style=\"text-align: justify;\"\u003E\u003Cspan style=\"font-family: Verdana, sans-serif;\"\u003EGold may trade on a cautious note today as traders await clues over US monetary tightening timing. \u003C\/span\u003E\u003C\/div\u003E\u003Cdiv style=\"text-align: justify;\"\u003E\u003Cspan style=\"font-family: Verdana, sans-serif;\"\u003E\u003Cbr \/\u003E\u003C\/span\u003E\u003C\/div\u003E\u003Cdiv style=\"text-align: justify;\"\u003E\u003Cspan style=\"font-family: Verdana, sans-serif;\"\u003EAt the MCX, Gold futures for October 2015 contract closed at Rs 26,008 per 10 gram, down by 0.09 per cent after opening at Rs 26,059, against the previous closing price of Rs 26,032. It touched the intra-day low of Rs 25,855.\u003C\/span\u003E\u003C\/div\u003E"},"link":[{"rel":"edit","type":"application/atom+xml","href":"http:\/\/www.blogger.com\/feeds\/5521125716068854336\/posts\/default\/8255889110174794913"},{"rel":"self","type":"application/atom+xml","href":"http:\/\/www.blogger.com\/feeds\/5521125716068854336\/posts\/default\/8255889110174794913"},{"rel":"alternate","type":"text/html","href":"http:\/\/www.shubhlaxmicommodity.com\/2015\/08\/yellow-metal-ends-on-listless-note-as.html","title":"Yellow metal ends on listless note as Fed minutes eyed"}],"author":[{"name":{"$t":"Shubhlaxmi Harish"},"uri":{"$t":"https:\/\/plus.google.com\/109114604645456401059"},"email":{"$t":"noreply@blogger.com"},"gd$image":{"rel":"http://schemas.google.com/g/2005#thumbnail","width":"32","height":"32","src":"\/\/lh4.googleusercontent.com\/-zpgpvNfS450\/AAAAAAAAAAI\/AAAAAAAASPs\/--U4fEkyPFo\/s512-c\/photo.jpg"}}],"media$thumbnail":{"xmlns$media":"http://search.yahoo.com/mrss/","url":"http:\/\/3.bp.blogspot.com\/-8oGlG4w9-ZM\/VbiPr6WHSDI\/AAAAAAAATfk\/szmZE2YhlAI\/s72-c\/Gold13.jpg","height":"72","width":"72"}},{"id":{"$t":"tag:blogger.com,1999:blog-5521125716068854336.post-3523637474366458788"},"published":{"$t":"2015-08-17T17:21:00.000+05:30"},"updated":{"$t":"2015-08-31T11:16:18.088+05:30"},"category":[{"scheme":"http://www.blogger.com/atom/ns#","term":"Copper"},{"scheme":"http://www.blogger.com/atom/ns#","term":"Technical Comment \u0026 Charts"}],"title":{"type":"text","$t":"17 Aug 2015 Technical Chart Copper Battle continues"},"content":{"type":"html","$t":"\u003Cdiv class=\"separator\" style=\"clear: both; text-align: center;\"\u003E\u003Ca href=\"http:\/\/1.bp.blogspot.com\/-vc-wVAesru0\/VZS4e-tcY3I\/AAAAAAAATPY\/t4xfJpuPUiA\/s1600\/copper2.jpg\" imageanchor=\"1\" style=\"margin-left: 1em; margin-right: 1em;\"\u003E\u003Cimg border=\"0\" height=\"399\" src=\"http:\/\/1.bp.blogspot.com\/-vc-wVAesru0\/VZS4e-tcY3I\/AAAAAAAATPY\/t4xfJpuPUiA\/s640\/copper2.jpg\" width=\"640\" \/\u003E\u003C\/a\u003E\u003C\/div\u003E\u003Cdiv class=\"separator\" style=\"clear: both; text-align: center;\"\u003E\u003Ca href=\"http:\/\/3.bp.blogspot.com\/-Q3cAuozohEI\/VdHKUMocneI\/AAAAAAAATqA\/uStOZQUnUCI\/s1600\/Chart101.jpg\" imageanchor=\"1\" style=\"margin-left: 1em; margin-right: 1em;\"\u003E\u003Cimg border=\"0\" src=\"http:\/\/3.bp.blogspot.com\/-Q3cAuozohEI\/VdHKUMocneI\/AAAAAAAATqA\/uStOZQUnUCI\/s1600\/Chart101.jpg\" \/\u003E\u003C\/a\u003E\u003C\/div\u003E\u003Cbr \/\u003E\u003Cdiv style=\"text-align: justify;\"\u003ECOMEX copper had formed a complex pullback, which had faced resistance near the 61.8% retracement of the entire previous fall ($3.294-2.419). From the key Fibonacci level the red metal resumed its larger downtrend. The fall is breaking up into lower degree waves. The price has fallen towards a crucial multi-month trendline, which is near $2.328. Once that breaks on closing basis copper can tumble down till $2.24. On the other hand, the swing high of $2.429 will act as a key resistance.\u003C\/div\u003E"},"link":[{"rel":"edit","type":"application/atom+xml","href":"http:\/\/www.blogger.com\/feeds\/5521125716068854336\/posts\/default\/3523637474366458788"},{"rel":"self","type":"application/atom+xml","href":"http:\/\/www.blogger.com\/feeds\/5521125716068854336\/posts\/default\/3523637474366458788"},{"rel":"alternate","type":"text/html","href":"http:\/\/www.shubhlaxmicommodity.com\/2015\/08\/17-aug-2015-technical-chart-copper.html","title":"17 Aug 2015 Technical Chart Copper Battle continues"}],"author":[{"name":{"$t":"Shubhlaxmi Harish"},"uri":{"$t":"https:\/\/plus.google.com\/109114604645456401059"},"email":{"$t":"noreply@blogger.com"},"gd$image":{"rel":"http://schemas.google.com/g/2005#thumbnail","width":"32","height":"32","src":"\/\/lh4.googleusercontent.com\/-zpgpvNfS450\/AAAAAAAAAAI\/AAAAAAAASPs\/--U4fEkyPFo\/s512-c\/photo.jpg"}}],"media$thumbnail":{"xmlns$media":"http://search.yahoo.com/mrss/","url":"http:\/\/1.bp.blogspot.com\/-vc-wVAesru0\/VZS4e-tcY3I\/AAAAAAAATPY\/t4xfJpuPUiA\/s72-c\/copper2.jpg","height":"72","width":"72"}},{"id":{"$t":"tag:blogger.com,1999:blog-5521125716068854336.post-4441201669344509448"},"published":{"$t":"2015-08-13T19:14:00.002+05:30"},"updated":{"$t":"2015-08-31T11:16:03.204+05:30"},"category":[{"scheme":"http://www.blogger.com/atom/ns#","term":"Lead"},{"scheme":"http://www.blogger.com/atom/ns#","term":"Technical Comment \u0026 Charts"}],"title":{"type":"text","$t":"13 Aug 2015 Technical Chart Lead Keep an eye"},"content":{"type":"html","$t":"\u003Ca href=\"http:\/\/2.bp.blogspot.com\/-bitS8S4KsmM\/Vcydyh9NLLI\/AAAAAAAATn0\/VkPY1dySU64\/s1600\/Lead-2.jpg\" imageanchor=\"1\"\u003E\u003Cimg border=\"0\" src=\"http:\/\/2.bp.blogspot.com\/-bitS8S4KsmM\/Vcydyh9NLLI\/AAAAAAAATn0\/VkPY1dySU64\/s1600\/Lead-2.jpg\" \/\u003E\u003C\/a\u003E\u003Cbr \/\u003E\u003Ca href=\"http:\/\/4.bp.blogspot.com\/-tc-hK27qj5Y\/VcyevqzgJUI\/AAAAAAAATpY\/ykZ1Cuy23rE\/s1600\/Chart101.jpg\" imageanchor=\"1\"\u003E\u003Cimg border=\"0\" src=\"http:\/\/4.bp.blogspot.com\/-tc-hK27qj5Y\/VcyevqzgJUI\/AAAAAAAATpY\/ykZ1Cuy23rE\/s1600\/Chart101.jpg\" \/\u003E\u003C\/a\u003E\u003Cbr \/\u003E\u003Cdiv style=\"text-align: justify;\"\u003EMCX lead had fallen sharply from the high of Rs.138.40. It then formed a short-term pullback, which retraced 38.2% of the previous fall. Near the key Fibonacci level the base metal faced resistance near the 40-day exponential moving average and the daily upper Bollinger band. Thus, from thereon lead tumbled back towards the low of Rs.107.15 Since the last few sessions the metal is forming a pullback, which has retraced 50% of the recent fall. Going ahead, the key resistances will be 61.8% (Rs.114.60) and 78.6% (Rs.116.50). Unless these levels are crossed on closing basis lead can fall back towards the low. \u003C\/div\u003E"},"link":[{"rel":"edit","type":"application/atom+xml","href":"http:\/\/www.blogger.com\/feeds\/5521125716068854336\/posts\/default\/4441201669344509448"},{"rel":"self","type":"application/atom+xml","href":"http:\/\/www.blogger.com\/feeds\/5521125716068854336\/posts\/default\/4441201669344509448"},{"rel":"alternate","type":"text/html","href":"http:\/\/www.shubhlaxmicommodity.com\/2015\/08\/13-aug-2015-technical-chart-lead-keep.html","title":"13 Aug 2015 Technical Chart Lead Keep an eye"}],"author":[{"name":{"$t":"Shubhlaxmi Harish"},"uri":{"$t":"https:\/\/plus.google.com\/109114604645456401059"},"email":{"$t":"noreply@blogger.com"},"gd$image":{"rel":"http://schemas.google.com/g/2005#thumbnail","width":"32","height":"32","src":"\/\/lh4.googleusercontent.com\/-zpgpvNfS450\/AAAAAAAAAAI\/AAAAAAAASPs\/--U4fEkyPFo\/s512-c\/photo.jpg"}}],"media$thumbnail":{"xmlns$media":"http://search.yahoo.com/mrss/","url":"http:\/\/2.bp.blogspot.com\/-bitS8S4KsmM\/Vcydyh9NLLI\/AAAAAAAATn0\/VkPY1dySU64\/s72-c\/Lead-2.jpg","height":"72","width":"72"}},{"id":{"$t":"tag:blogger.com,1999:blog-5521125716068854336.post-6798140514615221839"},"published":{"$t":"2015-08-12T19:32:00.004+05:30"},"updated":{"$t":"2015-08-31T11:15:32.565+05:30"},"category":[{"scheme":"http://www.blogger.com/atom/ns#","term":"Nickel"},{"scheme":"http://www.blogger.com/atom/ns#","term":"Technical Comment \u0026 Charts"}],"title":{"type":"text","$t":"12 Aug 2015 Technical Chart Nickel Cracking down "},"content":{"type":"html","$t":"\u003Ca href=\"http:\/\/1.bp.blogspot.com\/-wGvsmKO6hqs\/Va9Rm4-IGmI\/AAAAAAAATcU\/deb9OiB7YQQ\/s1600\/nickel.jpg\" imageanchor=\"1\"\u003E\u003Cimg border=\"0\" src=\"http:\/\/1.bp.blogspot.com\/-wGvsmKO6hqs\/Va9Rm4-IGmI\/AAAAAAAATcU\/deb9OiB7YQQ\/s320\/nickel.jpg\" \/\u003E\u003C\/a\u003E \u003Ca href=\"http:\/\/4.bp.blogspot.com\/-o1Zw1QVygJE\/VctRq9UmLhI\/AAAAAAAATmQ\/8WkSE4aULFA\/s1600\/Chart101.jpg\" imageanchor=\"1\"\u003E\u003Cimg border=\"0\" src=\"http:\/\/4.bp.blogspot.com\/-o1Zw1QVygJE\/VctRq9UmLhI\/AAAAAAAATmQ\/8WkSE4aULFA\/s320\/Chart101.jpg\" \/\u003E\u003C\/a\u003E\u003Cbr \/\u003E\u003Cbr \/\u003E\u003Cdiv style=\"text-align: justify;\"\u003EThe adjacent chart shows the price movement of MCX nickel continuous contract. The base metal has been trading in a multi-month falling channel. Recently, it found support near the lower end of a medium-term falling channel and formed a pullback. However, it faced resistance near the key daily moving averages (DMAs). Thus, the base metal has started falling once again. In terms of wave structure, the base metal is extending on the downside. Unless 20-DMA, ie Rs713 is crossed nickel can fall towards the channel line, which is near Rs.655 and the monthly lower Bollinger band, which is near Rs.649.\u003C\/div\u003E"},"link":[{"rel":"edit","type":"application/atom+xml","href":"http:\/\/www.blogger.com\/feeds\/5521125716068854336\/posts\/default\/6798140514615221839"},{"rel":"self","type":"application/atom+xml","href":"http:\/\/www.blogger.com\/feeds\/5521125716068854336\/posts\/default\/6798140514615221839"},{"rel":"alternate","type":"text/html","href":"http:\/\/www.shubhlaxmicommodity.com\/2015\/08\/12-aug-2015-technical-chart-nickel.html","title":"12 Aug 2015 Technical Chart Nickel Cracking down "}],"author":[{"name":{"$t":"Shubhlaxmi Harish"},"uri":{"$t":"https:\/\/plus.google.com\/109114604645456401059"},"email":{"$t":"noreply@blogger.com"},"gd$image":{"rel":"http://schemas.google.com/g/2005#thumbnail","width":"32","height":"32","src":"\/\/lh4.googleusercontent.com\/-zpgpvNfS450\/AAAAAAAAAAI\/AAAAAAAASPs\/--U4fEkyPFo\/s512-c\/photo.jpg"}}],"media$thumbnail":{"xmlns$media":"http://search.yahoo.com/mrss/","url":"http:\/\/1.bp.blogspot.com\/-wGvsmKO6hqs\/Va9Rm4-IGmI\/AAAAAAAATcU\/deb9OiB7YQQ\/s72-c\/nickel.jpg","height":"72","width":"72"}},{"id":{"$t":"tag:blogger.com,1999:blog-5521125716068854336.post-6793708259820839905"},"published":{"$t":"2015-08-10T17:41:00.003+05:30"},"updated":{"$t":"2015-08-31T11:15:16.180+05:30"},"category":[{"scheme":"http://www.blogger.com/atom/ns#","term":"Silver"},{"scheme":"http://www.blogger.com/atom/ns#","term":"Technical Comment \u0026 Charts"}],"title":{"type":"text","$t":"10 Aug 2015 Technical Chart Silver Bullish outlook"},"content":{"type":"html","$t":"\u003Cdiv class=\"separator\" style=\"clear: both; text-align: center;\"\u003E\u003Ca href=\"http:\/\/1.bp.blogspot.com\/-wMkAg5JxAaM\/VbiPxZQGnzI\/AAAAAAAATiU\/YQPWmqgEJu4\/s1600\/silver2.jpg\" imageanchor=\"1\" style=\"margin-left: 1em; margin-right: 1em;\"\u003E\u003Cimg border=\"0\" src=\"http:\/\/1.bp.blogspot.com\/-wMkAg5JxAaM\/VbiPxZQGnzI\/AAAAAAAATiU\/YQPWmqgEJu4\/s1600\/silver2.jpg\" \/\u003E\u003C\/a\u003E\u003C\/div\u003E\u003Cbr \/\u003E\u003Cbr \/\u003E\u003Cdiv class=\"separator\" style=\"clear: both; text-align: center;\"\u003E\u003Ca href=\"http:\/\/4.bp.blogspot.com\/-09B5oHziQGg\/VciT6I1P1ZI\/AAAAAAAATl8\/kNckeUjhntg\/s1600\/Chart101.jpg\" imageanchor=\"1\" style=\"margin-left: 1em; margin-right: 1em;\"\u003E\u003Cimg border=\"0\" src=\"http:\/\/4.bp.blogspot.com\/-09B5oHziQGg\/VciT6I1P1ZI\/AAAAAAAATl8\/kNckeUjhntg\/s1600\/Chart101.jpg\" \/\u003E\u003C\/a\u003E\u003C\/div\u003E\u003Cbr \/\u003E\u003Cbr \/\u003E\u003Cdiv style=\"text-align: justify;\"\u003ESilver had formed a minor degree bounce, which faced resistance near the key daily moving averages. From thereon it has fallen towards the low of $14.42. Near the low bulls have rushed in to provide support to the white metal. In terms of price pattern, silver has formed an ending diagonal pattern and has broken out on the upside. The short-term momentum indicator has triggered a bullish crossover. Thus, unless the recent low of $14.33 breaks on closing basis silver can bounce till $15.30-15.71.\u003C\/div\u003E"},"link":[{"rel":"edit","type":"application/atom+xml","href":"http:\/\/www.blogger.com\/feeds\/5521125716068854336\/posts\/default\/6793708259820839905"},{"rel":"self","type":"application/atom+xml","href":"http:\/\/www.blogger.com\/feeds\/5521125716068854336\/posts\/default\/6793708259820839905"},{"rel":"alternate","type":"text/html","href":"http:\/\/www.shubhlaxmicommodity.com\/2015\/08\/10-aug-2015-technical-chart-silver.html","title":"10 Aug 2015 Technical Chart Silver Bullish outlook"}],"author":[{"name":{"$t":"Shubhlaxmi Harish"},"uri":{"$t":"https:\/\/plus.google.com\/109114604645456401059"},"email":{"$t":"noreply@blogger.com"},"gd$image":{"rel":"http://schemas.google.com/g/2005#thumbnail","width":"32","height":"32","src":"\/\/lh4.googleusercontent.com\/-zpgpvNfS450\/AAAAAAAAAAI\/AAAAAAAASPs\/--U4fEkyPFo\/s512-c\/photo.jpg"}}],"media$thumbnail":{"xmlns$media":"http://search.yahoo.com/mrss/","url":"http:\/\/1.bp.blogspot.com\/-wMkAg5JxAaM\/VbiPxZQGnzI\/AAAAAAAATiU\/YQPWmqgEJu4\/s72-c\/silver2.jpg","height":"72","width":"72"}},{"id":{"$t":"tag:blogger.com,1999:blog-5521125716068854336.post-2431639508439662813"},"published":{"$t":"2015-08-05T18:01:00.002+05:30"},"updated":{"$t":"2015-08-31T11:16:56.740+05:30"},"category":[{"scheme":"http://www.blogger.com/atom/ns#","term":"Commodity News"},{"scheme":"http://www.blogger.com/atom/ns#","term":"CRUDE"}],"title":{"type":"text","$t":"Oil extends gains ahead of EIA data"},"content":{"type":"html","$t":"\u003Ca href=\"http:\/\/2.bp.blogspot.com\/-nGVxKteYK_g\/VbmviEc5ccI\/AAAAAAAATkE\/55kB1lRe620\/s1600\/Crude-Oil-4.jpg\" imageanchor=\"1\"\u003E\u003Cimg border=\"0\" src=\"http:\/\/2.bp.blogspot.com\/-nGVxKteYK_g\/VbmviEc5ccI\/AAAAAAAATkE\/55kB1lRe620\/s1600\/Crude-Oil-4.jpg\" \/\u003E\u003C\/a\u003E\u003Cbr \/\u003E\u003Cdiv style=\"text-align: justify;\"\u003ECrude oil futures extended an advance in late morning trade on Wednesday as investors and speculators booked fresh positions in the energy commodity ahead of government data which may show a dip in US crude storage levels last week, easing worries over a global supply glut. \u003C\/div\u003E\u003Cdiv style=\"text-align: justify;\"\u003E\u003Cbr \/\u003E\u003C\/div\u003E\u003Cdiv style=\"text-align: justify;\"\u003EThe EIA may say today as US crude supplies fell by 1.3 million barrels in the week ended July 31, 2015. \u003C\/div\u003E\u003Cdiv style=\"text-align: justify;\"\u003E\u003Cbr \/\u003E\u003C\/div\u003E\u003Cdiv style=\"text-align: justify;\"\u003EThe API on Tuesday reported a 2.4 million barrels decline in stockpiles last week. \u003C\/div\u003E\u003Cdiv style=\"text-align: justify;\"\u003E\u003Cbr \/\u003E\u003C\/div\u003E\u003Cdiv style=\"text-align: justify;\"\u003ECrude prices were also supported by value buying by traders at existing levels amidst a slump in prices in recent sessions when fears that Iran may bolster crude shipments immediately after a lift-off of international sanctions against the Islamic nation. \u003C\/div\u003E\u003Cdiv style=\"text-align: justify;\"\u003E\u003Cbr \/\u003E\u003C\/div\u003E\u003Cdiv style=\"text-align: justify;\"\u003EAt the MCX, Crude oil futures, for the August 2015 contract, is trading at Rs 2,956 per barrel, up by 0.72 per cent, after opening at Rs 2,948, against the previous close price of Rs 2,935. It touched an intraday high of Rs 2,960. (At 11:43 AM).\u003C\/div\u003E"},"link":[{"rel":"edit","type":"application/atom+xml","href":"http:\/\/www.blogger.com\/feeds\/5521125716068854336\/posts\/default\/2431639508439662813"},{"rel":"self","type":"application/atom+xml","href":"http:\/\/www.blogger.com\/feeds\/5521125716068854336\/posts\/default\/2431639508439662813"},{"rel":"alternate","type":"text/html","href":"http:\/\/www.shubhlaxmicommodity.com\/2015\/08\/oil-extends-gains-ahead-of-eia-data.html","title":"Oil extends gains ahead of EIA data"}],"author":[{"name":{"$t":"Shubhlaxmi Harish"},"uri":{"$t":"https:\/\/plus.google.com\/109114604645456401059"},"email":{"$t":"noreply@blogger.com"},"gd$image":{"rel":"http://schemas.google.com/g/2005#thumbnail","width":"32","height":"32","src":"\/\/lh4.googleusercontent.com\/-zpgpvNfS450\/AAAAAAAAAAI\/AAAAAAAASPs\/--U4fEkyPFo\/s512-c\/photo.jpg"}}],"media$thumbnail":{"xmlns$media":"http://search.yahoo.com/mrss/","url":"http:\/\/2.bp.blogspot.com\/-nGVxKteYK_g\/VbmviEc5ccI\/AAAAAAAATkE\/55kB1lRe620\/s72-c\/Crude-Oil-4.jpg","height":"72","width":"72"}},{"id":{"$t":"tag:blogger.com,1999:blog-5521125716068854336.post-1235492593312586538"},"published":{"$t":"2015-08-05T17:54:00.002+05:30"},"updated":{"$t":"2015-08-31T11:13:42.255+05:30"},"category":[{"scheme":"http://www.blogger.com/atom/ns#","term":"Nickel"},{"scheme":"http://www.blogger.com/atom/ns#","term":"Technical Comment \u0026 Charts"}],"title":{"type":"text","$t":"05 Aug 2015 Technical Chart Nickel Downward trajectory "},"content":{"type":"html","$t":"\u003Ca href=\"http:\/\/3.bp.blogspot.com\/-14kd0ij1vcg\/VJglAnldbuI\/AAAAAAAAS1Q\/Gi3g_dldngc\/s1600\/lead2.jpg\" imageanchor=\"1\"\u003E\u003Cimg border=\"0\" src=\"http:\/\/3.bp.blogspot.com\/-14kd0ij1vcg\/VJglAnldbuI\/AAAAAAAAS1Q\/Gi3g_dldngc\/s320\/lead2.jpg\" \/\u003E\u003C\/a\u003E \u003Ca href=\"http:\/\/1.bp.blogspot.com\/-oUdYb62NSpM\/VcIAEI0zdBI\/AAAAAAAATk0\/iMF3P6u0n1E\/s1600\/Chart101.jpg\" imageanchor=\"1\"\u003E\u003Cimg border=\"0\" src=\"http:\/\/1.bp.blogspot.com\/-oUdYb62NSpM\/VcIAEI0zdBI\/AAAAAAAATk0\/iMF3P6u0n1E\/s320\/Chart101.jpg\" \/\u003E\u003C\/a\u003E\u003Cbr \/\u003E\u003Cbr \/\u003E\u003Cdiv style=\"text-align: justify;\"\u003EThe adjacent chart shows the price movement of MCX nickel continuous contract. The base metal has been trading in a multi-month falling channel. Recently, it found support near the lower end of a medium-term falling channel and has formed a pullback. However, it faced resistance near the key daily moving averages (DMAs). Thus, the base metal has started falling once again. The daily momentum indicator has triggered a bearish crossover. Unless 20-DMA, ie Rs.720 is crossed on closing basis, nickel can fall back till the recent low, ie Rs.666, and the channel line, which is near Rs660.\u003C\/div\u003E"},"link":[{"rel":"edit","type":"application/atom+xml","href":"http:\/\/www.blogger.com\/feeds\/5521125716068854336\/posts\/default\/1235492593312586538"},{"rel":"self","type":"application/atom+xml","href":"http:\/\/www.blogger.com\/feeds\/5521125716068854336\/posts\/default\/1235492593312586538"},{"rel":"alternate","type":"text/html","href":"http:\/\/www.shubhlaxmicommodity.com\/2015\/08\/05-aug-2015-technical-chart-nickel.html","title":"05 Aug 2015 Technical Chart Nickel Downward trajectory "}],"author":[{"name":{"$t":"Shubhlaxmi Harish"},"uri":{"$t":"https:\/\/plus.google.com\/109114604645456401059"},"email":{"$t":"noreply@blogger.com"},"gd$image":{"rel":"http://schemas.google.com/g/2005#thumbnail","width":"32","height":"32","src":"\/\/lh4.googleusercontent.com\/-zpgpvNfS450\/AAAAAAAAAAI\/AAAAAAAASPs\/--U4fEkyPFo\/s512-c\/photo.jpg"}}],"media$thumbnail":{"xmlns$media":"http://search.yahoo.com/mrss/","url":"http:\/\/3.bp.blogspot.com\/-14kd0ij1vcg\/VJglAnldbuI\/AAAAAAAAS1Q\/Gi3g_dldngc\/s72-c\/lead2.jpg","height":"72","width":"72"}},{"id":{"$t":"tag:blogger.com,1999:blog-5521125716068854336.post-833632983151652152"},"published":{"$t":"2015-07-30T18:00:00.000+05:30"},"updated":{"$t":"2015-08-19T10:19:48.242+05:30"},"category":[{"scheme":"http://www.blogger.com/atom/ns#","term":"Technical Comment \u0026 Charts"},{"scheme":"http://www.blogger.com/atom/ns#","term":"Zinc"}],"title":{"type":"text","$t":"30 July 2015 Technical Chart Zinc Sliding down"},"content":{"type":"html","$t":"\u003Ca href=\"http:\/\/1.bp.blogspot.com\/-woYIkogQh84\/VJpZfJISHZI\/AAAAAAAAS5k\/0iMdWQAMZ-k\/s1600\/zinc-metal.jpg\" imageanchor=\"1\"\u003E\u003Cimg border=\"0\" src=\"http:\/\/1.bp.blogspot.com\/-woYIkogQh84\/VJpZfJISHZI\/AAAAAAAAS5k\/0iMdWQAMZ-k\/s320\/zinc-metal.jpg\" \/\u003E\u003C\/a\u003E\u003Ca href=\"http:\/\/3.bp.blogspot.com\/-iXP2PxOAM6w\/VboasvIv4XI\/AAAAAAAATkk\/u4CGA6iBp8w\/s1600\/Chart101.jpg\" imageanchor=\"1\"\u003E\u003Cimg border=\"0\" src=\"http:\/\/3.bp.blogspot.com\/-iXP2PxOAM6w\/VboasvIv4XI\/AAAAAAAATkk\/u4CGA6iBp8w\/s320\/Chart101.jpg\" \/\u003E\u003C\/a\u003E\u003Cbr \/\u003E\u003Cdiv style=\"text-align: justify;\"\u003E\u003Cbr \/\u003EMCX zinc on daily chart shows a three-wave pullback, which retraced 38.2% of the previous fall. Near the key Fibonacci level, the base metal faced resistance from the junction of 40-day exponential moving average and the daily upper Bollinger band. From these multiple hurdles zinc has started falling down. The daily momentum indicator has triggered a bearish crossover near the equilibrium line. Thus, zinc is expected to trade with downward bias. Unless it crosses 20-day moving average, ie Rs.128, on closing basis zinc can test lower levels. From short- to medium-term perspective, the key level on the downside will be Rs.120-117\u003C\/div\u003E"},"link":[{"rel":"edit","type":"application/atom+xml","href":"http:\/\/www.blogger.com\/feeds\/5521125716068854336\/posts\/default\/833632983151652152"},{"rel":"self","type":"application/atom+xml","href":"http:\/\/www.blogger.com\/feeds\/5521125716068854336\/posts\/default\/833632983151652152"},{"rel":"alternate","type":"text/html","href":"http:\/\/www.shubhlaxmicommodity.com\/2015\/07\/30-july-2015-technical-chart-zinc.html","title":"30 July 2015 Technical Chart Zinc Sliding down"}],"author":[{"name":{"$t":"Shubhlaxmi Harish"},"uri":{"$t":"https:\/\/plus.google.com\/109114604645456401059"},"email":{"$t":"noreply@blogger.com"},"gd$image":{"rel":"http://schemas.google.com/g/2005#thumbnail","width":"32","height":"32","src":"\/\/lh4.googleusercontent.com\/-zpgpvNfS450\/AAAAAAAAAAI\/AAAAAAAASPs\/--U4fEkyPFo\/s512-c\/photo.jpg"}}],"media$thumbnail":{"xmlns$media":"http://search.yahoo.com/mrss/","url":"http:\/\/1.bp.blogspot.com\/-woYIkogQh84\/VJpZfJISHZI\/AAAAAAAAS5k\/0iMdWQAMZ-k\/s72-c\/zinc-metal.jpg","height":"72","width":"72"}},{"id":{"$t":"tag:blogger.com,1999:blog-5521125716068854336.post-7570062292893455607"},"published":{"$t":"2015-07-29T18:49:00.003+05:30"},"updated":{"$t":"2015-08-19T10:16:03.500+05:30"},"category":[{"scheme":"http://www.blogger.com/atom/ns#","term":"Technical Comment \u0026 Charts"}],"title":{"type":"text","$t":"29 July 2015 Technical Chart MCX Lead Keep an eye"},"content":{"type":"html","$t":"\u003Ca href=\"http:\/\/1.bp.blogspot.com\/-5RfwLwJWx-c\/VbjSPnRy1pI\/AAAAAAAATi0\/u-YG-bl2_-k\/s1600\/Lead-6.jpg\" imageanchor=\"1\"\u003E\u003Cimg border=\"0\" src=\"http:\/\/1.bp.blogspot.com\/-5RfwLwJWx-c\/VbjSPnRy1pI\/AAAAAAAATi0\/u-YG-bl2_-k\/s1600\/Lead-6.jpg\" \/\u003E\u003C\/a\u003E\u003Cbr \/\u003E\u003Cbr \/\u003E\u003Ca href=\"http:\/\/2.bp.blogspot.com\/-juN_0wel2b0\/VbjSYG8HytI\/AAAAAAAATi8\/pTyexRpyuHk\/s1600\/Chart101.jpg\" imageanchor=\"1\"\u003E\u003Cimg border=\"0\" height=\"433\" src=\"http:\/\/2.bp.blogspot.com\/-juN_0wel2b0\/VbjSYG8HytI\/AAAAAAAATi8\/pTyexRpyuHk\/s640\/Chart101.jpg\" width=\"640\" \/\u003E\u003C\/a\u003E\u003Cbr \/\u003E\u003Cbr \/\u003E\u003Cbr \/\u003E\u003Cdiv style=\"text-align: justify;\"\u003EMCX lead had fallen sharply from the high of Rs.138.40.It recently formed a short-term pullback, which retraced 38.2% of the previous fall. Near the key Fibonacci level the base metal faced resistance near the 40-day exponential moving average and the daily upper Bollinger band. The weekly chart shows that the key weekly moving averages were also nearby. Thus, from thereon lead has fallen back towards the low of Rs.107.15, which holds the key for further course of action. Unless that breaks lead can bounce back towards the 20-day moving average, which is near Rs.113.\u003C\/div\u003E"},"link":[{"rel":"edit","type":"application/atom+xml","href":"http:\/\/www.blogger.com\/feeds\/5521125716068854336\/posts\/default\/7570062292893455607"},{"rel":"self","type":"application/atom+xml","href":"http:\/\/www.blogger.com\/feeds\/5521125716068854336\/posts\/default\/7570062292893455607"},{"rel":"alternate","type":"text/html","href":"http:\/\/www.shubhlaxmicommodity.com\/2015\/07\/28-july-2015-technical-chart-mcx-lead.html","title":"29 July 2015 Technical Chart MCX Lead Keep an eye"}],"author":[{"name":{"$t":"Shubhlaxmi Harish"},"uri":{"$t":"https:\/\/plus.google.com\/109114604645456401059"},"email":{"$t":"noreply@blogger.com"},"gd$image":{"rel":"http://schemas.google.com/g/2005#thumbnail","width":"32","height":"32","src":"\/\/lh4.googleusercontent.com\/-zpgpvNfS450\/AAAAAAAAAAI\/AAAAAAAASPs\/--U4fEkyPFo\/s512-c\/photo.jpg"}}],"media$thumbnail":{"xmlns$media":"http://search.yahoo.com/mrss/","url":"http:\/\/1.bp.blogspot.com\/-5RfwLwJWx-c\/VbjSPnRy1pI\/AAAAAAAATi0\/u-YG-bl2_-k\/s72-c\/Lead-6.jpg","height":"72","width":"72"}},{"id":{"$t":"tag:blogger.com,1999:blog-5521125716068854336.post-1408532940643068456"},"published":{"$t":"2015-07-29T13:57:00.003+05:30"},"updated":{"$t":"2015-08-19T10:15:42.106+05:30"},"category":[{"scheme":"http://www.blogger.com/atom/ns#","term":"Commodity News"},{"scheme":"http://www.blogger.com/atom/ns#","term":"Gold"}],"title":{"type":"text","$t":"Yellow metal scripts mild rebound Fed eyed"},"content":{"type":"html","$t":"\u003Ca href=\"http:\/\/3.bp.blogspot.com\/-CWdgfV4QbNg\/Va9RmdIZuII\/AAAAAAAATcM\/ggaJkgm2gIo\/s1600\/gold5.jpg\" imageanchor=\"1\"\u003E\u003Cimg border=\"0\" height=\"417\" src=\"http:\/\/3.bp.blogspot.com\/-CWdgfV4QbNg\/Va9RmdIZuII\/AAAAAAAATcM\/ggaJkgm2gIo\/s740\/gold5.jpg\" width=\"740\" \/\u003E\u003C\/a\u003E\u003Cbr \/\u003E\u003Cbr \/\u003E\u003Cdiv style=\"text-align: justify;\"\u003EGold prices bounced back in early morning trade in the domestic market on Wednesday following significant losses in the prior session as traders await the outcome of the two-day US Federal Reserve policy meeting, for greater clarity over the outlook for interest rates in the world’s biggest economy. \u003C\/div\u003E\u003Cdiv style=\"text-align: justify;\"\u003E\u003Cbr \/\u003E\u003C\/div\u003E\u003Cdiv style=\"text-align: justify;\"\u003EThe world’s top central bank is pondering the timing for a maiden interest rate lift-off since 2006. However, the Fed may stop short of offering any major clues over the exact timing for a hike in borrowing costs as it awaits a heavy dosage of US economic data including jobs and Q2 GDP growth to determine the progress in the American economy after a Q1 stutter while heightened global risks and the strength of the dollar will also be weighed as the Fed considers when to say goodbye to its zero interest rate policy. \u003C\/div\u003E\u003Cdiv style=\"text-align: justify;\"\u003E\u003Cbr \/\u003E\u003C\/div\u003E\u003Cdiv style=\"text-align: justify;\"\u003ESpeculation that the ongoing turmoil in Chinese shares may have severe repercussions on Gold demand in the Asian nation, the world’s second biggest bullion consumer curbed gains in the yellow metal. \u003C\/div\u003E\u003Cdiv style=\"text-align: justify;\"\u003E\u003Cbr \/\u003E\u003C\/div\u003E\u003Cdiv style=\"text-align: justify;\"\u003EAt the MCX, Gold futures for August 2015 contract is trading at Rs 24,791 per 10 gram, up by 0.16 per cent after opening at Rs 24,778, against the previous closing price of Rs 24,752. It touched the intra-day high of Rs 24,799. (At 10:52 AM).  \u003C\/div\u003E"},"link":[{"rel":"edit","type":"application/atom+xml","href":"http:\/\/www.blogger.com\/feeds\/5521125716068854336\/posts\/default\/1408532940643068456"},{"rel":"self","type":"application/atom+xml","href":"http:\/\/www.blogger.com\/feeds\/5521125716068854336\/posts\/default\/1408532940643068456"},{"rel":"alternate","type":"text/html","href":"http:\/\/www.shubhlaxmicommodity.com\/2015\/07\/yellow-metal-scripts-mild-rebound-fed.html","title":"Yellow metal scripts mild rebound Fed eyed"}],"author":[{"name":{"$t":"Shubhlaxmi Harish"},"uri":{"$t":"https:\/\/plus.google.com\/109114604645456401059"},"email":{"$t":"noreply@blogger.com"},"gd$image":{"rel":"http://schemas.google.com/g/2005#thumbnail","width":"32","height":"32","src":"\/\/lh4.googleusercontent.com\/-zpgpvNfS450\/AAAAAAAAAAI\/AAAAAAAASPs\/--U4fEkyPFo\/s512-c\/photo.jpg"}}],"media$thumbnail":{"xmlns$media":"http://search.yahoo.com/mrss/","url":"http:\/\/3.bp.blogspot.com\/-CWdgfV4QbNg\/Va9RmdIZuII\/AAAAAAAATcM\/ggaJkgm2gIo\/s72-c\/gold5.jpg","height":"72","width":"72"}},{"id":{"$t":"tag:blogger.com,1999:blog-5521125716068854336.post-6034867689777364530"},"published":{"$t":"2015-07-28T17:10:00.002+05:30"},"updated":{"$t":"2015-08-10T17:52:06.325+05:30"},"category":[{"scheme":"http://www.blogger.com/atom/ns#","term":"Nickel"},{"scheme":"http://www.blogger.com/atom/ns#","term":"Technical Comment \u0026 Charts"}],"title":{"type":"text","$t":"28 July 2015 Technical Chart MCX Nickel Facing resistance "},"content":{"type":"html","$t":"\u003Ca href=\"http:\/\/4.bp.blogspot.com\/-JqaOtl_rbzQ\/Va4zhSy2NVI\/AAAAAAAATbE\/fBhh60mI67w\/s1600\/nickel1.jpg\" imageanchor=\"1\"\u003E\u003Cimg border=\"0\" src=\"http:\/\/4.bp.blogspot.com\/-JqaOtl_rbzQ\/Va4zhSy2NVI\/AAAAAAAATbE\/fBhh60mI67w\/s1600\/nickel1.jpg\" \/\u003E\u003C\/a\u003E\u003Cbr \/\u003E\u003Cbr \/\u003E\u003Ca href=\"http:\/\/1.bp.blogspot.com\/-VjeZAuFf_10\/Vbdp1W21BRI\/AAAAAAAATec\/7hUY9QZUFK8\/s1600\/Chart101.jpg\" imageanchor=\"1\"\u003E\u003Cimg border=\"0\" src=\"http:\/\/1.bp.blogspot.com\/-VjeZAuFf_10\/Vbdp1W21BRI\/AAAAAAAATec\/7hUY9QZUFK8\/s1600\/Chart101.jpg\" \/\u003E\u003C\/a\u003E\u003Cbr \/\u003E\u003Cbr \/\u003E\u003Cdiv style=\"text-align: justify;\"\u003EThe adjacent chart shows the price movement of MCX nickel continuous contract. The base metal has been trading in a multi-month falling channel. Recently, it found support near the lower end of a medium-term falling channel and formed a pullback. However, it faced resistance near the key daily moving averages. Thus, the base metal has started falling once again. Unless 20-day moving average, ie Rs.733 is crossed on closing basis nickel can fall back till the channel line, which is near Rs67\u003C\/div\u003E"},"link":[{"rel":"edit","type":"application/atom+xml","href":"http:\/\/www.blogger.com\/feeds\/5521125716068854336\/posts\/default\/6034867689777364530"},{"rel":"self","type":"application/atom+xml","href":"http:\/\/www.blogger.com\/feeds\/5521125716068854336\/posts\/default\/6034867689777364530"},{"rel":"alternate","type":"text/html","href":"http:\/\/www.shubhlaxmicommodity.com\/2015\/07\/28-july-2015-technical-chart-mcx-nickel.html","title":"28 July 2015 Technical Chart MCX Nickel Facing resistance "}],"author":[{"name":{"$t":"Shubhlaxmi Harish"},"uri":{"$t":"https:\/\/plus.google.com\/109114604645456401059"},"email":{"$t":"noreply@blogger.com"},"gd$image":{"rel":"http://schemas.google.com/g/2005#thumbnail","width":"32","height":"32","src":"\/\/lh4.googleusercontent.com\/-zpgpvNfS450\/AAAAAAAAAAI\/AAAAAAAASPs\/--U4fEkyPFo\/s512-c\/photo.jpg"}}],"media$thumbnail":{"xmlns$media":"http://search.yahoo.com/mrss/","url":"http:\/\/4.bp.blogspot.com\/-JqaOtl_rbzQ\/Va4zhSy2NVI\/AAAAAAAATbE\/fBhh60mI67w\/s72-c\/nickel1.jpg","height":"72","width":"72"}},{"id":{"$t":"tag:blogger.com,1999:blog-5521125716068854336.post-6376291823098930921"},"published":{"$t":"2015-07-28T16:51:00.003+05:30"},"updated":{"$t":"2015-08-19T10:15:20.267+05:30"},"category":[{"scheme":"http://www.blogger.com/atom/ns#","term":"Commodity News"},{"scheme":"http://www.blogger.com/atom/ns#","term":"Silver"}],"title":{"type":"text","$t":"Silver in Bear grip as Fed eyed"},"content":{"type":"html","$t":"\u003Ca href=\"http:\/\/3.bp.blogspot.com\/-hIy-EGtTa3I\/Va9RmP3UmhI\/AAAAAAAATcQ\/4pYBcF2iBoc\/s1600\/gold%2Band%2BSilver.jpg\" imageanchor=\"1\"\u003E\u003Cimg border=\"0\" height=\"411\" src=\"http:\/\/3.bp.blogspot.com\/-hIy-EGtTa3I\/Va9RmP3UmhI\/AAAAAAAATcQ\/4pYBcF2iBoc\/s640\/gold%2Band%2BSilver.jpg\" width=\"640\" \/\u003E\u003C\/a\u003E\u003Cbr \/\u003E\u003Cbr \/\u003E\u003Cdiv style=\"text-align: justify;\"\u003ESilver prices retreated during noon trade in the domestic market on Tuesday as traders stuck to a cautious stance eying the two-day US Fed meet which begins later today wherein the Fed may offer some cues over the exact timing for a maiden interest rate lift-off since 2006. \u003C\/div\u003E\u003Cdiv style=\"text-align: justify;\"\u003E\u003Cbr \/\u003E\u003C\/div\u003E\u003Cdiv style=\"text-align: justify;\"\u003EA hike in borrowing costs will be bearish for Silver which, like Gold doesn’t earn any interest, and hence loses out against competing assets when interest rates head northward. \u003C\/div\u003E\u003Cdiv style=\"text-align: justify;\"\u003E\u003Cbr \/\u003E\u003C\/div\u003E\u003Cdiv style=\"text-align: justify;\"\u003EFed Chair Janet Yellen indicated recently that the FOMC is likely to raise rates at some point in 2015, curbing the lure for Silver as a store of value. Upbeat US durable goods orders report with capital equipment orders bouncing back into positive terrain in June signaled improving health of the world’s biggest economy, bolstering the case for the US Federal Reserve to start considering an exit from its easy money policy stance. \u003C\/div\u003E\u003Cdiv style=\"text-align: justify;\"\u003E\u003Cbr \/\u003E\u003C\/div\u003E\u003Cdiv style=\"text-align: justify;\"\u003EAt the MCX, Silver futures for September 2015 contract is trading at Rs 33,770 per 1 kg, down by 0.47 per cent after opening at Rs 33,760, against the previous closing price of Rs 33,930. It touched the intra-day low of Rs 33,750. (At 12:47 PM).\u003C\/div\u003E"},"link":[{"rel":"edit","type":"application/atom+xml","href":"http:\/\/www.blogger.com\/feeds\/5521125716068854336\/posts\/default\/6376291823098930921"},{"rel":"self","type":"application/atom+xml","href":"http:\/\/www.blogger.com\/feeds\/5521125716068854336\/posts\/default\/6376291823098930921"},{"rel":"alternate","type":"text/html","href":"http:\/\/www.shubhlaxmicommodity.com\/2015\/07\/silver-in-bear-grip-as-fed-eyed.html","title":"Silver in Bear grip as Fed eyed"}],"author":[{"name":{"$t":"Shubhlaxmi Harish"},"uri":{"$t":"https:\/\/plus.google.com\/109114604645456401059"},"email":{"$t":"noreply@blogger.com"},"gd$image":{"rel":"http://schemas.google.com/g/2005#thumbnail","width":"32","height":"32","src":"\/\/lh4.googleusercontent.com\/-zpgpvNfS450\/AAAAAAAAAAI\/AAAAAAAASPs\/--U4fEkyPFo\/s512-c\/photo.jpg"}}],"media$thumbnail":{"xmlns$media":"http://search.yahoo.com/mrss/","url":"http:\/\/3.bp.blogspot.com\/-hIy-EGtTa3I\/Va9RmP3UmhI\/AAAAAAAATcQ\/4pYBcF2iBoc\/s72-c\/gold%2Band%2BSilver.jpg","height":"72","width":"72"}},{"id":{"$t":"tag:blogger.com,1999:blog-5521125716068854336.post-8970804532879580625"},"published":{"$t":"2015-07-27T17:19:00.003+05:30"},"updated":{"$t":"2015-08-10T17:51:54.915+05:30"},"category":[{"scheme":"http://www.blogger.com/atom/ns#","term":"Silver"},{"scheme":"http://www.blogger.com/atom/ns#","term":"Technical Comment \u0026 Charts"}],"title":{"type":"text","$t":"27 July 2015 Technical Chart Silver Scope for a bounce"},"content":{"type":"html","$t":"\u003Ca href=\"http:\/\/2.bp.blogspot.com\/-DzUPF920GtQ\/VbYaZzST-bI\/AAAAAAAATd8\/P14N_1Za8q0\/s1600\/silver_bullion.jpg\" imageanchor=\"1\"\u003E\u003Cimg border=\"0\" src=\"http:\/\/2.bp.blogspot.com\/-DzUPF920GtQ\/VbYaZzST-bI\/AAAAAAAATd8\/P14N_1Za8q0\/s320\/silver_bullion.jpg\" \/\u003E\u003C\/a\u003E \u003Ca href=\"http:\/\/3.bp.blogspot.com\/-XXJe1YLHOBU\/VbYafnq8D5I\/AAAAAAAATeE\/7x_56PtpR2E\/s1600\/Chart101.jpg\" imageanchor=\"1\"\u003E\u003Cimg border=\"0\" src=\"http:\/\/3.bp.blogspot.com\/-XXJe1YLHOBU\/VbYafnq8D5I\/AAAAAAAATeE\/7x_56PtpR2E\/s320\/Chart101.jpg\" \/\u003E\u003C\/a\u003E\u003Cbr \/\u003E\u003Cbr \/\u003E\u003Cdiv style=\"text-align: justify;\"\u003E Silver had formed a minor degree bounce, which faced resistance near the key daily moving averages. From thereon it has fallen towards the low of $14.42. Near the low bulls have rushed in to provide support to the white metal. In terms of price pattern, silver seems to have formed an ending diagonal pattern. Thus, unless the recent low of $14.33 breaks on closing basis silver can bounce till $15.54-$15.71.\u003C\/div\u003E"},"link":[{"rel":"edit","type":"application/atom+xml","href":"http:\/\/www.blogger.com\/feeds\/5521125716068854336\/posts\/default\/8970804532879580625"},{"rel":"self","type":"application/atom+xml","href":"http:\/\/www.blogger.com\/feeds\/5521125716068854336\/posts\/default\/8970804532879580625"},{"rel":"alternate","type":"text/html","href":"http:\/\/www.shubhlaxmicommodity.com\/2015\/07\/27-july-2015-technical-chart-silver.html","title":"27 July 2015 Technical Chart Silver Scope for a bounce"}],"author":[{"name":{"$t":"Shubhlaxmi Harish"},"uri":{"$t":"https:\/\/plus.google.com\/109114604645456401059"},"email":{"$t":"noreply@blogger.com"},"gd$image":{"rel":"http://schemas.google.com/g/2005#thumbnail","width":"32","height":"32","src":"\/\/lh4.googleusercontent.com\/-zpgpvNfS450\/AAAAAAAAAAI\/AAAAAAAASPs\/--U4fEkyPFo\/s512-c\/photo.jpg"}}],"media$thumbnail":{"xmlns$media":"http://search.yahoo.com/mrss/","url":"http:\/\/2.bp.blogspot.com\/-DzUPF920GtQ\/VbYaZzST-bI\/AAAAAAAATd8\/P14N_1Za8q0\/s72-c\/silver_bullion.jpg","height":"72","width":"72"}},{"id":{"$t":"tag:blogger.com,1999:blog-5521125716068854336.post-1946321896427617388"},"published":{"$t":"2015-07-27T16:57:00.002+05:30"},"updated":{"$t":"2015-08-19T10:14:43.828+05:30"},"category":[{"scheme":"http://www.blogger.com/atom/ns#","term":"Commodity News"},{"scheme":"http://www.blogger.com/atom/ns#","term":"CRUDE"}],"title":{"type":"text","$t":"5 Reasons why Oil prices are falling"},"content":{"type":"html","$t":"\u003Ca href=\"http:\/\/1.bp.blogspot.com\/-Pm8YqSbjkCk\/VJeweKevyNI\/AAAAAAAAS0w\/UtASpmLCfVI\/s1600\/crude-oil.jpg\" imageanchor=\"1\"\u003E\u003Cimg border=\"0\" height=\"478\" src=\"http:\/\/1.bp.blogspot.com\/-Pm8YqSbjkCk\/VJeweKevyNI\/AAAAAAAAS0w\/UtASpmLCfVI\/s640\/crude-oil.jpg\" width=\"640\" \/\u003E\u003C\/a\u003E\u003Cbr \/\u003E\u003Cbr \/\u003E\u003Cdiv style=\"text-align: justify;\"\u003E\u003Cspan style=\"font-family: Verdana, sans-serif;\"\u003EBears have gripped Crude oil which has shed more than half of its value since last June, pushing the prices of the energy commodity to the lowest since the Great Recession. From over USD 100 per barrel, the price of the WTI crude, the US crude benchmark has fallen to USD 47-48 per barrel while Brent Crude, the main international benchmark, has halved to USD 54 per barrel from a year ago. So what has caused this steep rout in oil prices? Below are the top 5 reasons. \u003C\/span\u003E\u003C\/div\u003E\u003Cdiv style=\"text-align: justify;\"\u003E\u003Cspan style=\"font-family: Verdana, sans-serif;\"\u003E\u003Cbr \/\u003E\u003C\/span\u003E\u003C\/div\u003E\u003Cdiv style=\"text-align: justify;\"\u003E\u003Cspan style=\"font-family: Verdana, sans-serif;\"\u003EUS shale oil boom- A shale oil boom in the US has pushed production in the country to a four-decade high, while inventories at 463 million barrels are at the highest level in at least 80 years, meaning that the American oil market remains more than adequately supplied. Notwithstanding the oil price slump, American drilling activity has picked up, meaning that production may head northward going forward, signaling no respite for oil prices. According to Baker Hughes, the number of rigs drilling for oil in the US rose by 21 in the week ended July 24 to 659, the highest level since May 2015. \u003C\/span\u003E\u003C\/div\u003E\u003Cdiv style=\"text-align: justify;\"\u003E\u003Cspan style=\"font-family: Verdana, sans-serif;\"\u003E\u003Cbr \/\u003E\u003C\/span\u003E\u003C\/div\u003E\u003Cdiv style=\"text-align: justify;\"\u003E\u003Cspan style=\"font-family: Verdana, sans-serif;\"\u003EChanging OPEC strategy- The OPEC, which accounts for about 40 per cent of global supplies, has altered the dynamics of the oil market. In a battle to regain lost market share from US shale oil producers, leading OPEC members such as Saudi Arabia and Iraq are pumping oil at record rates. According to a Reuters, OPEC supply hit a three-year high at 31.60 million barrels per day in June. Despite an oil price collapse, the cartel has held its production target at 30 million barrels per day. \u003C\/span\u003E\u003C\/div\u003E\u003Cdiv style=\"text-align: justify;\"\u003E\u003Cspan style=\"font-family: Verdana, sans-serif;\"\u003E\u003Cbr \/\u003E\u003C\/span\u003E\u003C\/div\u003E\u003Cdiv style=\"text-align: justify;\"\u003E\u003Cspan style=\"font-family: Verdana, sans-serif;\"\u003EIran back from forced hiatus – Iran, the fourth largest oil producer, is eying to double its crude exports as soon as sanctions against the Islamic nation are lifted following a landmark nuclear deal with the West earlier in July. The Islamic Republic may flood markets with as much as 30-40 million barrels of crude it is presently hoarding, once curbs are removed, probably within a span of a year or so. \u003C\/span\u003E\u003C\/div\u003E\u003Cdiv style=\"text-align: justify;\"\u003E\u003Cspan style=\"font-family: Verdana, sans-serif;\"\u003E\u003Cbr \/\u003E\u003C\/span\u003E\u003C\/div\u003E\u003Cdiv style=\"text-align: justify;\"\u003E\u003Cspan style=\"font-family: Verdana, sans-serif;\"\u003ESoftening global demand- With Europe battling its five-year old debt woes as periphery economies such as Greece threaten the breakup of the single currency union, coupled with a worsening slowdown in China, the world’s second biggest oil consumer, the demand outlook for crude oil has darkened considerably. China’s economy is set to expand at the slowest pace since 1990s in 2015 with the country’s factories slashing production, while a steep stock sell-off and a lingering property slump threaten to weaken domestic consumption casting a gloom on the energy commodity’s demand prospects. \u003C\/span\u003E\u003C\/div\u003E\u003Cdiv style=\"text-align: justify;\"\u003E\u003Cspan style=\"font-family: Verdana, sans-serif;\"\u003E\u003Cbr \/\u003E\u003C\/span\u003E\u003C\/div\u003E\u003Cdiv style=\"text-align: justify;\"\u003E\u003Cspan style=\"font-family: Verdana, sans-serif;\"\u003EDollar surge- the greenback is on a charge, surging to a decade high against a basket of key currencies, registering a year-to-date gains of a whopping around 20 per cent, wreaking havoc on dollar-denominated commodities. Stronger greenback has curbed the lure for oil as an alternative asset. Stronger dollar has made crude oil more expensive for those holding other currencies, thus dimming oil demand. \u003C\/span\u003E\u003C\/div\u003E\u003Cdiv style=\"text-align: justify;\"\u003E\u003Cspan style=\"font-family: Verdana, sans-serif;\"\u003E\u003Cbr \/\u003E\u003C\/span\u003E\u003C\/div\u003E\u003Cdiv style=\"text-align: justify;\"\u003E\u003Cspan style=\"font-family: Verdana, sans-serif;\"\u003EWhen will the oil market recover? Hard to say but a near-term recovery is quite unlikely with experts fearing that the current slump in prices could be even more severe than the one in 1986, signaling hard days ahead for energy companies.\u003C\/span\u003E\u003C\/div\u003E"},"link":[{"rel":"edit","type":"application/atom+xml","href":"http:\/\/www.blogger.com\/feeds\/5521125716068854336\/posts\/default\/1946321896427617388"},{"rel":"self","type":"application/atom+xml","href":"http:\/\/www.blogger.com\/feeds\/5521125716068854336\/posts\/default\/1946321896427617388"},{"rel":"alternate","type":"text/html","href":"http:\/\/www.shubhlaxmicommodity.com\/2015\/07\/5-reasons-why-oil-prices-are-falling.html","title":"5 Reasons why Oil prices are falling"}],"author":[{"name":{"$t":"Shubhlaxmi Harish"},"uri":{"$t":"https:\/\/plus.google.com\/109114604645456401059"},"email":{"$t":"noreply@blogger.com"},"gd$image":{"rel":"http://schemas.google.com/g/2005#thumbnail","width":"32","height":"32","src":"\/\/lh4.googleusercontent.com\/-zpgpvNfS450\/AAAAAAAAAAI\/AAAAAAAASPs\/--U4fEkyPFo\/s512-c\/photo.jpg"}}],"media$thumbnail":{"xmlns$media":"http://search.yahoo.com/mrss/","url":"http:\/\/1.bp.blogspot.com\/-Pm8YqSbjkCk\/VJeweKevyNI\/AAAAAAAAS0w\/UtASpmLCfVI\/s72-c\/crude-oil.jpg","height":"72","width":"72"}},{"id":{"$t":"tag:blogger.com,1999:blog-5521125716068854336.post-6684635778342682877"},"published":{"$t":"2015-07-27T16:36:00.003+05:30"},"updated":{"$t":"2015-08-19T10:14:11.400+05:30"},"category":[{"scheme":"http://www.blogger.com/atom/ns#","term":"Commodity News"},{"scheme":"http://www.blogger.com/atom/ns#","term":"Gold"}],"title":{"type":"text","$t":"Gold reaching ‘Buying Temptation Zone’ in India: Study"},"content":{"type":"html","$t":"\u003Ca href=\"http:\/\/2.bp.blogspot.com\/-DOoQlP5k_Ho\/VbYQQ8gz9dI\/AAAAAAAATds\/1kEGESSmXJw\/s1600\/Gold%2BJewellery.jpg\" imageanchor=\"1\"\u003E\u003Cimg border=\"0\" src=\"http:\/\/2.bp.blogspot.com\/-DOoQlP5k_Ho\/VbYQQ8gz9dI\/AAAAAAAATds\/1kEGESSmXJw\/s1600\/Gold%2BJewellery.jpg\" \/\u003E\u003C\/a\u003E\u003Cbr \/\u003E\u003Cbr \/\u003E\u003Cdiv style=\"text-align: justify;\"\u003EGiven the sharp correction in gold prices in the recent past due to receding global risk perceptions, the yellow metal is fast reaching a “Buying Temptation Zone” in India, reveals an ASSOCHAM Paper. According to the study report, Rs 25,000 or a shade below per ten grams in the spot market is a “Buying Temptation Zone (BTZ)” for Indian retail demand, taking note of the fact that in the futures market the prices are already below this level for August delivery. \u003C\/div\u003E\u003Cdiv style=\"text-align: justify;\"\u003E\u003Cbr \/\u003E\u003C\/div\u003E\u003Cdiv style=\"text-align: justify;\"\u003E“The enquiries among the consumers, mostly women, are increasing. As we near the festive and wedding seasons in the next few months, the demand for jewellery will pick up, boosting the overall sentiment, which of course at a bottom now,” the ASSOCHAM Paper said. \u003C\/div\u003E\u003Cdiv style=\"text-align: justify;\"\u003E\u003Cbr \/\u003E\u003C\/div\u003E\u003Cdiv style=\"text-align: justify;\"\u003EIt said India, along with China, being among the largest two consumers of the gold can influence the global prices as well. A sharp reduction in the international prices below the USD 1100 per troy ounce was triggered by a resolution of the Greek financial crisis and stability returning in the Chinese stock market which had lost a huge three trillion dollar between June 12 and the second week of July on apprehensions of a bubble in the making. \u003C\/div\u003E\u003Cdiv style=\"text-align: justify;\"\u003E\u003Cbr \/\u003E\u003C\/div\u003E\u003Cdiv style=\"text-align: justify;\"\u003EThen, there have also been expectations of interest rates hikes to be announced by the US Fed sometime in September-October. This optimism about the interest rates in the US has been cemented by the better job data. \u003C\/div\u003E\u003Cdiv style=\"text-align: justify;\"\u003E\u003Cbr \/\u003E\u003C\/div\u003E\u003Cdiv style=\"text-align: justify;\"\u003E“Yes, in this backdrop gold lost some lustre as risk aversion in other asset classes got reduced, but neither in Greece , nor in China systemic issues have not been addressed’’, the paper pointed out. \u003C\/div\u003E\u003Cdiv style=\"text-align: justify;\"\u003E\u003Cbr \/\u003E\u003C\/div\u003E\u003Cdiv style=\"text-align: justify;\"\u003ECommenting on the scenario, ASSOCHAM Secretary General D S Rawat said “ when it comes to gold, some kind of conventional wisdom is seen whereby it is considered to be best save haven even among the central bankers all over the world. So, it would be premature to write off gold, even though in India a debate is underway whether as an investment class, gold is productive”. \u003C\/div\u003E\u003Cdiv style=\"text-align: justify;\"\u003E\u003Cbr \/\u003E\u003C\/div\u003E\u003Cdiv style=\"text-align: justify;\"\u003EAccording to ASSOCHAM Paper, gold is not all that non-productive item, given its contributions in the market for jewellery-both for domestic customers and the global markets. \u003C\/div\u003E\u003Cdiv style=\"text-align: justify;\"\u003E\u003Cbr \/\u003E\u003C\/div\u003E\u003Cdiv style=\"text-align: justify;\"\u003E“One of the factors, hitting the domestic demand for jewellery is the requirement of PAN card for purchases above Rs one lakh ….This raises apprehensions among the buyers as if they are under a strong watch”.\u003C\/div\u003E"},"link":[{"rel":"edit","type":"application/atom+xml","href":"http:\/\/www.blogger.com\/feeds\/5521125716068854336\/posts\/default\/6684635778342682877"},{"rel":"self","type":"application/atom+xml","href":"http:\/\/www.blogger.com\/feeds\/5521125716068854336\/posts\/default\/6684635778342682877"},{"rel":"alternate","type":"text/html","href":"http:\/\/www.shubhlaxmicommodity.com\/2015\/07\/gold-reaching-buying-temptation-zone-in.html","title":"Gold reaching ‘Buying Temptation Zone’ in India: Study"}],"author":[{"name":{"$t":"Shubhlaxmi Harish"},"uri":{"$t":"https:\/\/plus.google.com\/109114604645456401059"},"email":{"$t":"noreply@blogger.com"},"gd$image":{"rel":"http://schemas.google.com/g/2005#thumbnail","width":"32","height":"32","src":"\/\/lh4.googleusercontent.com\/-zpgpvNfS450\/AAAAAAAAAAI\/AAAAAAAASPs\/--U4fEkyPFo\/s512-c\/photo.jpg"}}],"media$thumbnail":{"xmlns$media":"http://search.yahoo.com/mrss/","url":"http:\/\/2.bp.blogspot.com\/-DOoQlP5k_Ho\/VbYQQ8gz9dI\/AAAAAAAATds\/1kEGESSmXJw\/s72-c\/Gold%2BJewellery.jpg","height":"72","width":"72"}},{"id":{"$t":"tag:blogger.com,1999:blog-5521125716068854336.post-3311750004632356718"},"published":{"$t":"2015-07-24T17:19:00.004+05:30"},"updated":{"$t":"2015-07-30T10:51:44.123+05:30"},"category":[{"scheme":"http://www.blogger.com/atom/ns#","term":"Technical Comment \u0026 Charts"},{"scheme":"http://www.blogger.com/atom/ns#","term":"Zinc"}],"title":{"type":"text","$t":"24 July 2015 Technical Chart Zinc Under pressure"},"content":{"type":"html","$t":"\u003Ca href=\"http:\/\/1.bp.blogspot.com\/-wGvsmKO6hqs\/Va9Rm4-IGmI\/AAAAAAAATcU\/deb9OiB7YQQ\/s1600\/nickel.jpg\" imageanchor=\"1\"\u003E\u003Cimg border=\"0\" src=\"http:\/\/1.bp.blogspot.com\/-wGvsmKO6hqs\/Va9Rm4-IGmI\/AAAAAAAATcU\/deb9OiB7YQQ\/s320\/nickel.jpg\" \/\u003E\u003C\/a\u003E \u003Ca href=\"http:\/\/4.bp.blogspot.com\/-71OpfEluMVc\/VbIl_bybzII\/AAAAAAAATdY\/cD8A2-CqTzQ\/s1600\/Chart101.jpg\" imageanchor=\"1\"\u003E\u003Cimg border=\"0\" src=\"http:\/\/4.bp.blogspot.com\/-71OpfEluMVc\/VbIl_bybzII\/AAAAAAAATdY\/cD8A2-CqTzQ\/s320\/Chart101.jpg\" \/\u003E\u003C\/a\u003E\u003Cbr \/\u003E\u003Cbr \/\u003E\u003Cdiv style=\"text-align: justify;\"\u003EMCX Zinc on the daily chart shows a three-wave pullback, which retraced 38.2% of the previous fall. Near the key Fibonacci level the base metal faced resistance from the junction of the 40-day exponential moving average and the daily upper Bollinger Band. From those multiple hurdles zinc has started falling down. The daily momentum indicator has triggered a bearish cross-over near the equilibrium line. Thus, zinc is expected to fall back to test the recent low, ie 121.30. The daily lower Bollinger Band, which is near 124.70, will be an intermediate level to watch out for. On the other hand, the 20-day moving average, ie Rs.128.70, will act as a key resistance on a closing basis.\u003C\/div\u003E"},"link":[{"rel":"edit","type":"application/atom+xml","href":"http:\/\/www.blogger.com\/feeds\/5521125716068854336\/posts\/default\/3311750004632356718"},{"rel":"self","type":"application/atom+xml","href":"http:\/\/www.blogger.com\/feeds\/5521125716068854336\/posts\/default\/3311750004632356718"},{"rel":"alternate","type":"text/html","href":"http:\/\/www.shubhlaxmicommodity.com\/2015\/07\/24-july-2015-technical-chart-zinc-under.html","title":"24 July 2015 Technical Chart Zinc Under pressure"}],"author":[{"name":{"$t":"Shubhlaxmi Harish"},"uri":{"$t":"https:\/\/plus.google.com\/109114604645456401059"},"email":{"$t":"noreply@blogger.com"},"gd$image":{"rel":"http://schemas.google.com/g/2005#thumbnail","width":"32","height":"32","src":"\/\/lh4.googleusercontent.com\/-zpgpvNfS450\/AAAAAAAAAAI\/AAAAAAAASPs\/--U4fEkyPFo\/s512-c\/photo.jpg"}}],"media$thumbnail":{"xmlns$media":"http://search.yahoo.com/mrss/","url":"http:\/\/1.bp.blogspot.com\/-wGvsmKO6hqs\/Va9Rm4-IGmI\/AAAAAAAATcU\/deb9OiB7YQQ\/s72-c\/nickel.jpg","height":"72","width":"72"}},{"id":{"$t":"tag:blogger.com,1999:blog-5521125716068854336.post-7143324046582942818"},"published":{"$t":"2015-07-24T13:08:00.003+05:30"},"updated":{"$t":"2015-08-05T17:56:38.101+05:30"},"category":[{"scheme":"http://www.blogger.com/atom/ns#","term":"Commodity News"},{"scheme":"http://www.blogger.com/atom/ns#","term":"Silver"}],"title":{"type":"text","$t":"Silver Bears rule the roost on Fed jitters"},"content":{"type":"html","$t":"\u003Cdiv class=\"separator\" style=\"clear: both; text-align: center;\"\u003E\u003Ca href=\"http:\/\/4.bp.blogspot.com\/-ICcYj-MyFpc\/VZpuKbPZO6I\/AAAAAAAATSk\/DfoFH13SLSU\/s1600\/silver_bullion.jpg\" imageanchor=\"1\" style=\"margin-left: 1em; margin-right: 1em;\"\u003E\u003Cimg border=\"0\" height=\"504\" src=\"http:\/\/4.bp.blogspot.com\/-ICcYj-MyFpc\/VZpuKbPZO6I\/AAAAAAAATSk\/DfoFH13SLSU\/s640\/silver_bullion.jpg\" width=\"640\" \/\u003E\u003C\/a\u003E\u003C\/div\u003E\u003Cbr \/\u003E\u003Cdiv style=\"text-align: justify;\"\u003ESilver prices retreated during noon trade in the domestic market on Friday as traders cut bullish bets in the precious metal as robust US economic data bolstered the case for near-term interest rate tightening by the US Federal Reserve, dimming the lure for the bullion as a store of value. \u003C\/div\u003E\u003Cdiv style=\"text-align: justify;\"\u003E\u003Cbr \/\u003E\u003C\/div\u003E\u003Cdiv style=\"text-align: justify;\"\u003EThe number of Americans seeking unemployment benefit claims fell to the lowest level in four decades last week while a leading index signaled a pickup in the world’s biggest economy. US jobless claims fell 26,000 to 255,000 in the week ended July 18, 2015. The US leading index climbed 0.6 per cent in June from May when it climbed 0.8 per cent. \u003C\/div\u003E\u003Cdiv style=\"text-align: justify;\"\u003E\u003Cbr \/\u003E\u003C\/div\u003E\u003Cdiv style=\"text-align: justify;\"\u003EAt the MCX, Silver futures for September 2015 contract is trading at Rs 33,733 per 1 kg, down by 0.50 per cent after opening at Rs 33,836, against the previous closing price of Rs 33,904. It touched the intra-day low of Rs 33,706. (At 12:35 PM).  \u003C\/div\u003E"},"link":[{"rel":"edit","type":"application/atom+xml","href":"http:\/\/www.blogger.com\/feeds\/5521125716068854336\/posts\/default\/7143324046582942818"},{"rel":"self","type":"application/atom+xml","href":"http:\/\/www.blogger.com\/feeds\/5521125716068854336\/posts\/default\/7143324046582942818"},{"rel":"alternate","type":"text/html","href":"http:\/\/www.shubhlaxmicommodity.com\/2015\/07\/silver-bears-rule-roost-on-fed-jitters.html","title":"Silver Bears rule the roost on Fed jitters"}],"author":[{"name":{"$t":"Shubhlaxmi Harish"},"uri":{"$t":"https:\/\/plus.google.com\/109114604645456401059"},"email":{"$t":"noreply@blogger.com"},"gd$image":{"rel":"http://schemas.google.com/g/2005#thumbnail","width":"32","height":"32","src":"\/\/lh4.googleusercontent.com\/-zpgpvNfS450\/AAAAAAAAAAI\/AAAAAAAASPs\/--U4fEkyPFo\/s512-c\/photo.jpg"}}],"media$thumbnail":{"xmlns$media":"http://search.yahoo.com/mrss/","url":"http:\/\/4.bp.blogspot.com\/-ICcYj-MyFpc\/VZpuKbPZO6I\/AAAAAAAATSk\/DfoFH13SLSU\/s72-c\/silver_bullion.jpg","height":"72","width":"72"}}]}});