Bullion
Indian currency diminishes and its affect are seen on
commodity market, yesterday silver comes under pressure and break down through the
level of 44000. While gold price also depreciated in domestic future and spot market,
currently gold are trading in the range of 27400 to 28000, but more decrement must
be seen in upcoming days. Due to weak rupees silver price are expected to come
near 41000 in this month.
Energies
Increment in dollar price support crude oil in domestic and
result oil price in green side above 5500, open interest also support the trend
with good volume and in upcoming weeks crude oil prices are expected to be volatile.
In MCX for future delivery natural gas and mentha oil are
looking to green side in upcoming weeks. Mentha oil is hopes to again cross the
mark of 1000, but lower demand in Asian market forces him back. Natural gas for future delivery gains its
position with a sharp edge near 221 and expected to increment near to 225 in upcoming
days.
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Base metals
On Saturday trading session base metal are trading in
positive direction, nickel, copper, lead, zinc and aluminum all are looking lazy
and weak but expected to good trading on Monday with volatile trend . Global
physical demand in aluminum and copper are increased especially in china market
and that support the Asian market.
Seed Newsvine
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