Tuesday, January 6, 2015

Commodity market today, is where the stakes?

Light crude vigorous recovery after yesterday's decline, but prices still remain at 55 -year lows. Yesterday was Nymax crude slipped below $ 50. The Brent price is under $ 54. Crude oil prices are likely to trade on negative note on the back of increasing supply and decreasing demand is likely to keep crude oil prices under pressure. 

MCX crude oil is trading down 0.5 per cent at Rs 3,200 slipped. The natural gas down 1.5 per cent to Rs 200 seems. MCX gold trading close to half a per cent to Rs 27 135 is stronger. Silver also has seen strong and is trading around Rs 37160.

In MCX, Except copper all the base metals are looking weak, Light aluminium is trading below Rs 115 with weakness. While copper is trading close to 0.3 per cent to Rs 400. Nickel is getting to see the weakness of 0.5 per cent and is trading below the 960 bucks. In the lead and zinc are seeing a decline of 0.2 percent. 

MCX Silver May contract gains: 
MCX SILVER March contract was trading at Rs 37100 up Rs 74, or 0.20 percent. The SILVER rate touched an intraday high of Rs 37450 and an intraday low of Rs 37052. So far 1537 contracts have been traded. SILVER prices have moved down Rs 8877, or 19.31 percent in the March series so far. 

MCX Gold Contract Rises: 
MCX GOLD February contract was trading at Rs 27145 up Rs 57, or 0.21 percent. The GOLD rate touched an intraday high of Rs 27289 and an intraday low of Rs 27083. So far 1660 contracts have been traded. GOLD prices have moved down Rs 1144, or 4.05 percent in the February series so far.
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3 comments:

  1. UnknownJanuary 07, 2015

    Whenever we want to purchase any metals so that time we see current market rate after that we decide to purchase or not. it is necessary for all because people don't know about market. Everyone know that market is very volatile and there is lots risk. So in this case we have to get knowledge about market.
    Thank you,
    Mcx Crude Oil Calls

    ReplyDelete
  2. UnknownJanuary 07, 2015

    MCX Crude Oil 16JAN2015 Future Sell below 3080 target 3016 stop loss 3134.. http://rediff.ly/41vdc

    ReplyDelete
  3. CapitalStars07January 13, 2015

    MCX Gold for delivery in February contracts was up by Rs 103, or 0.38%, to Rs 27,133 per 10 grams in a business turnover of 922 lots.
    Agri commodity Tips

    ReplyDelete

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