Energy
Oil edges up on falling U.S. crude inventories, but supply remains ample
Oil prices inched up today on a reported decline in U.S. crude inventories, but prices stayed below recent three-year highs
Bullions
Gold Prices Fall In Asia On Profit Taking, Mild Dollar Rebound
Gold prices fell in Asia today in profit taking and after a mild dollar rebound overnight.
Currency
Euro slips from three-year peak on ECB officials' remarks
The euro fell on Wednesday, pulling back from a three-year high above $1.23 as some European Central Bank officials voiced worries about the currency's strength.
Base Metals
Shanghai metals lower as weaker China GDP data looms
Shanghai base metals futures were under pressure ahead of the release of data later today that is expected to show China’s economic growth slowed in the fourth quarter.
Agri Commodity
Selling pressure crushes pepper
Selling pressure is building up in pepper market as harvest is on full swing in Kerala and Karnataka. This phenomenon, coupled with continued supply of Sri Lankan pepper in good volumes, has pounded the spot pepper prices further down on Wednesday.
Mixed trend in pulses
Absence of cash flow and weak demand have affected trading in pulses and pulse seeds with majority of them, barring tur, trading low.
PIVOT TABLES
GOLD 29600 29680 29800 29900 SELL ON RISE
SILVER 38820 39010 39450 39670 SELL ON RISE
CRUDE OIL 4020 4050 4110 4130 BUY ON DIPS
SELL ZINC BELOW 217 TGT 216/214 SL ABOVE 219
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