Commodity report this week
MCX bullion
this week gold and silver prices fall
down sharply form a high level despite of a big festival Diwali and
closes to 29705 per 10 gram at MCX . Many analyst believe that market
expected to be volatile in upcoming week due to correction in Dollar
prices after US job data up in October month. In global market gold
prices fall around 2% to their lowest to $1282.69 an ounce since
October 17. while silver price in international market down by 1.3%
to $21.35 an ounce . In Indian market silver prices closes to 48144
after made a low of 48004 in Mcx for December delivery.
Gold support and resistance
S1: 29150 , S2: 29050
R1: 30300, R2: 30780
Energies
After a low week trend crude oil prices
for delivery in November closes in positive zone to 5993 up by +53
point at MCX. In coming week crude oil look above 6000 due to strong
demand raise in US market. While natural gas show a high increment
on Friday that's close to 227.10 hope more in upside above 230 and
hover between 225 to 237 in this week.
Mentha oil in this week look bearish
overall will low correction is seen in November delivery. On Friday
trading session mentha oil trade in upper side on morning but low
volume break down to make a low of 870.10. in upcoming week we can
see mentha oil above 870 within the range of 890.
crude oil support and resistance
S1: 5900, S2: 5800
R1: 6120, R2: 6250
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Seed Newsvine
n upcoming session we can see more down fall in market and Nifty can touch 6000 and Sensex can again come near to 20000.0 in next week. get more about market
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