Wednesday 26 October 2016

MCX TIPS | COMMODITY MARKETS | MARKET STRATEGY

TODAY STRATEGY OF COMMODITY MARKET

Crude oil last 3 weeks trying to recover from the lows. Currently, it is trading flat. But stores in the US, about 5.5 million barrels a sudden decrease in prices also got support.Production cuts due to uncertainty on the Brent crude fell below $ 50. Light gold is trading close to $ 1266 in the red.
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Meanwhile, gold remains constant in small scope is light pressure from the upper level. Today in the US durable goods and weekly unemployment figures are coming. The data remains on the watch market.MCX crude oil in the domestic market with a gain of 0.3 per cent is trading around Rs 3305. While natural gas around Rs 205 with a gain of 1.9 percent is visible. 29 870 with a gain of 0.12 percent, while gold is trading above Rs. 42120 with a slight rise, while silver is trading above Rs.Agri commodities at NCDEX soy oil December futures around Rs 685 with a gain of 0.15 percent is visible. With a gain of 0.2 percent, while cotton is trading around Rs 910.


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