DAILY COMMODITY MARKET STRATEGY-5 Mar 2015

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

Gold April future is up 0.3 per cent at $ 1,204.40.Silver May future has gained 0.5 per cent at $ 16.258.Platinum April future is up 0.3 per cent at $ 1,185.80.

ENERGY

Crude Oil April future has gained 0.5 per cent at $ 51.78.Brent Oil April future is up 0.3 per cent at $ 60.52.Natural Gas April future is up 0.3 per cent at $ 2.783.

The March MCX Crude Oil futures are facing strong resistance around the 20-DMA (Rs 3,180) for the past three trading sessions. On Wednesday, the energy futures tested a high above the short-term moving average at Rs 3,200, but however ended slightly below it with a gain of almost a per cent (Rs 25) at Rs 3,163 tracking NYMEX Crude Oil prices.

The Crude Oil prices are trading above the 50-DMA (Rs 3,120), However, the bias may turn positive in case the commodity is able to break and trade above Rs 3,180-odd level.

BASE METAL

Copper May future is trading on a flat note at $ 2.665.

MCX Copper April expiry contract has been in a volatile trajectory this week.The prices, which were trading higher in last two days ended on a lower note on Tuesday but again moved higher on Wednesday.

Copper ended the day above Rs 370 per kg, and settled the day at Rs 370.25 per kg.

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


1 comment:

  1. Currency Derivatives tips for copper says that Copper prices fell by 0.18 percent on Thursday at the domestic markets after euro zone service sector activity fell unexpectedly in the last quarter signaling weak sentiment in the region which reduced the demand outlook for the metal.

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