Friday, June 13, 2014

Mcx commdity bullish: Crude oil has peaked

Mcx commodity market opened bullish trend , Gold and silver trading with high prices. Crude oil has recovered. MCX crude oil prices have reached close to Rs 6,400. The price of crude oil has peaked at 9 months. 

The insurgent violence in Iraq has increased the tension. Hence, crude oil has gone up. This week, crude oil prices have reached about 5% of the year's biggest weekly fast. Natural gas has also risen in the international market. MCX Natural gas prices rose nearly 0.5% to Rs 283.

Base metals have gone up today. On all metals including copper on MCX is strongly edge. Although copper is still under 400 bucks. Despite nearly 1.5% , while nickel is down to Rs 1,100. Aluminium 1% , 0.75% lead and zinc was 0.9% .


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