Friday, 17 October 2014

Mcx Energy News For Today

WTI oil prices rose on Thursday on bargain buying at lower levels. Besides, data showing tight U.S. gasoline supplies and technical trading ahead of options expiry provided rare support amid a long downturn. U.S. government data showed gasoline stockpiles fell to their lowest level in two years, pushing gasoline futures 3 percent higher early and boosting crude futures which have fallen more than 25 percent since  June.

On the MCX, crude prices declined by 0.3 percent continuing its 
downtrend in the recent weeks and closed at Rs.5109/bbl. 

US natural gas futures edged lower on Thursday after the government reported a bigger-than-expected storage build and on forecasts for moderate weather over the next two weeks. 

On the MCX, crude oil prices are expected to trade lower taking cues from weak international markets.
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Commodity Market Gold and Silver News

Spot gold prices remained steady on Thursday supported by renewed worries about a global economic slowdown.

On the MCX, gold prices rose by 0.72 percent and closed at Rs.27449/10 gms.

Spot silver prices declined by half a percent taking cues from marginal decline in gold prices. Weakness in the base metal pack exerted downside pressure on prices.

On the MCX, silver prices rose marginally by 0.27 percent and closed at Rs.38872/kg.
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Tuesday, 14 October 2014

Latest News on Mcx Industrial Metals

Trend: Consolidate | Strategy: Buy on Dips
R1- 143.9  R2- 146.5 | S1-140.2 , S2- 137.3

Trend: Consolidate | Strategy: Sell on High
R1- 1037, R2- 1055| S1-985, S2-958

Trend: Consolidate | Strategy: Sell on High
R1- 120.3, R2- 122.5 | S1-116.3 , S2- 113.5
Ph: 0731-6619100

Gold and Silver Market Trend

Trend: Consolidate | Strategy: Sell on High
R1- 27150, R2- 27480| S1- 26650, S2- 26280

Trend: Consolidate | Strategy: Sell on high
R1- 39350,R2- 40500| S1-37350, S2- 36180
Ph: 0731-6619100

Commodity Market Latest News for Today

Gold futures for December delivery rose 0.7 percent

Copper for delivery in three months added 1 percent

Aluminum, zinc and lead advanced in London

Gold futures rose to a three-week high as concern that the global economy is faltering stoked bets that the Federal Reserve will keep U.S. interest rates low, driving the dollar down and boosting the metal’s allure. Silver futures for December delivery climbed 0.2 percent to $17.345 an ounce. Copper prices rose in London, pacing gains by industrial metals, as faster exports eased concern that economic growth will fade in China, the world’s biggest consumer.
Ph: 0731-6619100