DAILY COMMODITY MARKET STRATEGY-12 Mar 2015

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

Gold April future is trading on a flat note at $ 1,151.00.Silver May future is up 0.5 per cent at $ 15.435.Platinum April future is trading on a soft note at $ 1,118.10.

ENERGY

Crude Oil April future trading on a quiet note at $ 48.19.Brent Oil and Natural Gas April futures are down 0.2 per cent each at $ 57.81 and $ 2.822, respectively.

The MCX Crude Oil March futures extended losses for the second straight day following NYMEX Crude Oil prices and fresh selling in the commodity.
Yesterday, the energy futures faced resistance above the 50-DMA at Rs 3,095, but however ended below it- with significant loss of 2 per cent (Rs 61) at Rs 3,000.

The March MCX Natural Gas futures rallied for the second consecutive day and jumped above the key moving averages like 20-DMA (Rs 175) and 50-DMA (Rs 178) to close with a surge of over 3.5 per cent at Rs 178.60 owing to smart rally in NYMEX Natural Gas prices.

BASE METAL

Copper May future is trading on a soft note at $ 2.609.MCX Copper April expiry contract closed lower on Wednesday. The trend of lower highs and higher lows has been active on technical charts.The metal has declined below the psychological resistance of Rs 370 per kg this week.

Copper ended the day at Rs 365.05 per kg on 11 March 2015 against 367.70 per kg on 10 March 2015.

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