DAILY COMMODITY MARKET STRATEGY-11 Mar 2015

Commodity Tips Expert: - commodity tips , mcx trading tips , bullion commodity tips

BULLION

Gold April and Silver May futures are up 0.2 per cent each at $ 1,162.50 and $ 15,675.Platinum April future has gained 0.3 per cent at $ 1,133.45.

ENERGY

Crude Oil April future has jumped over a per cent at $ 48.85.Brent Oil April future is trading on a flat note at $ 56.70.Natural Gas April future is trading on a soft note $ 2.726, respectively.

The March MCX Crude Oil futures in yesterday's trade witnessed heavy losses and slipped below the key moving average the 50-DMA (Rs 3,095) and hit s low of Rs 3,052, before closing with significant loss of over 3 per cent (Rs 102) at Rs 3,061 due to sharp fall in NYMEX Crude Oil prices as US dollar hit 12-year high.

The MCX Natural Gas March futures yesterday bounced back into the positive zone and ended with gain of 1.4 per cent at Rs 172, on account of renewed buying.

On the daily charts, the energy futures are trading below the key moving averages like the 20-DMA (Rs 174) and 50-DMA (Rs 177). Hence, the bias is likely to remain slightly negative as long as Natural Gas prices trade below Rs 174-177-odd levels.

BASE METAL

Copper May future has added 0.4 per cent at $ 2.631.

Get Free Share Market Tips, MCX Tips Free Trial, NCDEX Tips, Commodity Tips, Nifty Futures Tips with profitable calls and tips.
Commodity Tips Expert: - commodity tips , mcx trading tips , bullion commodity tips

Share:

No comments:

Post a Comment