DAILY COMMODITY MARKET STRATEGY-27 Mar 2015

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

Gold April future is trading on a soft note at $ 1,201.10.Silver May future has slipped 0.7 per cent at $ 17,023.Platinum April future is down 0.2 per cent at $ 1,150.65.

ENERGY

Crude Oil May future has tumbled over 2 per cent at $ 50.39.Brent Oil May future has dropped 1.4 per cent at $ 58.24.Natural Gas April future is trading on a flat note at $ 2.683.

The Crude Oil April MCX futures rallied for the third straight day, owing to big gains in NYMEX Crude Oil.

On Thursday, the energy futures witnessed sharp rally and jumped above the higher-end of the Bollinger Band (3,280) to touch a high at Rs 3,370, but however pared gains and ended slightly below the higher-end of the Bollinger Band - with a surge of 5 per cent (Rs 159) at Rs 3,253.

The MCX Natural Gas April futures moved lower for the second straight day and slipped below the 20-50-DMAs, owing to weakness in NYMEX Natural Gas prices.

Yesterday, the energy futures tested a low of Rs 169, before signing off the day with a loss of around 2 per cent at Rs 170. In the past two sessions, the commodity declined 3.5 per cent at Rs 170 from Rs 176.

BASE METAL

Copper May future has declined over a per cent at $ 2.779.

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

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