Thursday, November 3, 2011

Commodity News For Today|Chana Trend|Crude Oil Trend|NCDEX Tips

Crude Oil Trend-
The support for Crude remains at 4491/4440 while it has resistance at 4599/4656 level. Crude-oil futures fell sharply in Asia. Thursday as weak Asian equities and a fall in the euro strengthened the rationale to short growth-sensitive assets like oil and commodities, while worries about euro-zone debt persisted. 

Chana Trading (NCDEX)
Chana futures overall witnessed a mixed to flat trade during the last trading session. It opened slightly firm, but then witnessed a range bound trade,
followed by some bargain buying to end almost steady. Key spot market witnessed a slight firm trade with key markets of Bikaner witnessing an up move
move of Rs.5 whereas key market of Delhi witnessed an up move of Rs.5.
CHANA NCDEX NOV CLOSE PRICE 3406-Chana has resistance at 3445 which if crossed can be seen approaching 3460-3495. Whereas support is at 3380-3365-3340. Mixed to Weak trade is expected today.

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