DAILY COMMODITY MARKET STRATEGY-13 May 2015
Gold June future is trading on a soft note in early trade at $ 1,193.Silver July contract has added 0.2 percent at $ 16.557.Platinum July delivery is slightly down at $ 1,131.70.
Crude Oil June and Brent Oil July series have spurted nearly a percent each at $ 61.23 and $ 67.64, respectively.Natural Gas June expiry has gained 0.2 percent at $ 2.910.
The MCX Crude Oil May futures are facing hurdle around the higher-end of the Bollinger Band. Yesterday, Crude Oil prices rallied above Bollinger Band and touched a high at Rs 3,935, owing to steep rally in NYMEX Crude Oil market.
MCX Crude Oil futures are below the higher-end of the Bollinger Band (Rs 3,915). Hence, further upward movement is only possible after a success close above Rs 3,915-odd level.
Copper July future is marginally up at $ 2.932.
Capitalstars is an India's Leading financial advisory company,Our Company Provides tips in an equity & commodity market such as bullion tips,bullion premium tips,mcx tips,premium services etc So take our services and check our premium calls....