Best Mcx Market Trading Tips for Natural Gas

Best Trading Tips on Mcx Market

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Natural Gas futures slipped by more than 6 per cent in the domestic market on Tuesday as investors and speculators exited positions in the energy commodity as forecasts for warmer than average weather in parts of the US through the middle of February dampened the demand prospects for the heating fuel in the world’s biggest gas consumer. 

About 49 per cent of US households use natural gas for heating purposes.

November to March is the peak US gas heating season. At the MCX, Natural Gas futures for February 2016 contract closed at Rs 136.6 per mmBtu, down by 6.37 per cent.

Best Mcx Ncdex Market News On Crude palm Oil

Crude palm Oil settled up by 0.72% at 448.7 on the back of pickup in demand at the spot market. Prices also seen supported on supply worries in domestic and international market. Prices of the palm oil will be supported by supply worries after India's palm oil imports for December month fell. India's Crude palm oil imports slipped 29.24% to 778,815 tons in December compared to 551,058 tons in the same period a month ago

Trading Ideas:
CPO trading range for the day is 443.6-453.6.
Crude palm oil prices ended with gains on the back of pickup in demand at the spot market.
Prices of the palm oil will be supported by supply worries after India's palm oil imports for December month fell.
India's Crude palm oil imports slipped 29.24% to 778,815 tons in December compared to 551,058 tons in the same period a month ago.
Crude palm oil prices in spot market gained by 9.70 rupees and settled at 442.70 rupees.


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