DAILY COMMODITY MARKET STRATEGY-10 Apr 2015

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

Gold June future has gained 0.2 per cent at $ 1,196.00.Silver May and Platinum July futures have added 0.3-0.4 per cent at $ 16.227 and $ 1,161.35, respectively.

ENERGY

Crude Oil May future is trading on a soft note at $ 50.76.Brent Oil May future is up 0.3 per cent at $ 56.81.Natural Gas May future remains unchanged at $ 2.541.The MCX April Crude Oil futures seem to be consolidating in the broader trading range of Rs 3,330-3,110, which is the higher-end of the Bollinger Band and 50-DMA, respectively.Yesterday, the energy futures tested a high at Rs 3,250, before settling with a gain of a per cent (Rs 33) at Rs 3,215 on account of renewed buying.

The MCX Natural Gas April futures tumbled for the second straight day and also gave a fresh break out below the key support the lower-end of the Bollinger Band on the daily charts, owing to sharp fall in global NYMEX Natural Gas prices.On Thursday, the energy futures ended at the lowest level of the day - with a loss of over 3 per cent at Rs 158.

BASE METAL

Copper May future is trading with a gain of 0.4 per cent at $ 2.736.

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