MCX TIPS | COMMODTIY MARKET STRATEGY

COMMODITY  MARKET STRATEGY

Record crude oil supplies from OPEC's forecast has slipped to its lowest level in the last 1 month, however slight recovery is visible from below. Nymex and Brent crude at $ 47 are trading below $ 49. Indeed, Nigeria, Libya and Iraq, increased supply from OPEC's total exports in October is expected to record high. Heavy crude oil yesterday fell nearly 3 percent. Although it is believed that crude oil may continue to decline.  

 

Zinc on the London Metal Exchange was trading with consistently fast. Its price has risen to the upper level of 5 years. The lack of supply is estimated support to prices. The 1-month copper on the upper level is reached. The US Federal Reserve's two-day meeting starting today is going to be extremely small in scope, and just before the gold is traded. Comaks its price is near $ 1275. While silver is trading below $ 18. Today has been fantastic recovery in rupee against the dollar and fell below a price of $ 66.70.

 MCX crude oil in the domestic market fell by 0.3 per cent to around Rs 3140 is visible. While natural gas is trading around Rs 200, losing 1.2 percent. While gold rose by 0.3 per cent looks around Rs 30040. Rs 42 580 with a gain of 0.4 percent, while silver seems odd

In terms of base metals with weak 0.2 percent and copper around 0.2 per cent to Rs 115, Rs 325 looks up. While the lead with a gain of 0.7 per cent is trading around Rs 140. With a gain of 0.8 percent, while nickel is trading around Rs 705. Rs 165 with a gain of 0.6 percent, while zinc is showing around. 

Agri commodities in terms of NCDEX jeera November futures 0.8 per cent, with 17545 trading around Rs doing. While Mustard November futures around Rs 4550 with a gain of 0.6 percent is visible. 

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