Tuesday, June 14, 2016

Non Agri Commodity market decline Impact by Fed's Meeting


In the US, the Federal Reserves two-day meeting starting today. This meeting is special because it so there could be a decision on interest rates. So, before it declined in the Non-agri commodities market. Crude oil fell nearly 1 percent. Natural gas dominates selling. Gold and silver have also waned. The decline in base metals are trading at around 1.5 per cent and zinc prices have fallen the most.
MCX Crude Oil slipped 0.7 percent is trading at Rs 3250. Natural gas is trading at Rs 174, down 0.25 percent. At the MCX, gold fell by 0.25 per cent is trading around Rs 30,300. Silver by 0.5 per cent to Rs 41 180 with osteoporosis seems.
Tips for Today
Sold MCX Crude oil June around 3250 targets 3225, 3207 Stop Loss 3271
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