The MCX Gold April future started the day on a positive note following the NYMEX Gold futures.
The bullion future opened at the highest point of the day at Rs 25,950 - up 0.2 per cent (Rs 31) from the previous close.
Now, Gold price in India is trading on a flat note at Rs 25,928.
The MCX Silver May futures started the day on a positive note following the NYMEX Silver futures.
The March MCX Crude Oil futures in yesterday's trade witnessed heavy losses and slipped below the key moving average the 50-DMA (Rs 3,095) and hit s low of Rs 3,052, before closing with significant loss of over 3 per cent (Rs 102) at Rs 3,061 due to sharp fall in NYMEX Crude Oil prices as US dollar hit 12-year high.
Further drop in MCX Crude Oil futures may take prices towards the lower-end of the Bollinger Band at Rs 2,985 on the daily charts.
MCX Copper April expiry contract closed lower on Tuesday.
The metal has declined below the psychological resistance of Rs 370 per kg.
Copper ended the day at Rs 367.70 per kg on 10 March 2015 against 374.05 per kg on 9 March 2015.
MCX Natural Gas March futures yesterday bounced back into the positive zone and ended with gain of 1.4 per cent at Rs 172, on account of renewed buying.
Further upward movement is possible only after a successful close above Rs 174-odd level the 20-DMA for the MCX Natural Gas March futures.
The bullion future opened at the highest point of the day at Rs 25,950 - up 0.2 per cent (Rs 31) from the previous close.
Now, Gold price in India is trading on a flat note at Rs 25,928.
The MCX Silver May futures started the day on a positive note following the NYMEX Silver futures.
The March MCX Crude Oil futures in yesterday's trade witnessed heavy losses and slipped below the key moving average the 50-DMA (Rs 3,095) and hit s low of Rs 3,052, before closing with significant loss of over 3 per cent (Rs 102) at Rs 3,061 due to sharp fall in NYMEX Crude Oil prices as US dollar hit 12-year high.
Further drop in MCX Crude Oil futures may take prices towards the lower-end of the Bollinger Band at Rs 2,985 on the daily charts.
MCX Copper April expiry contract closed lower on Tuesday.
The metal has declined below the psychological resistance of Rs 370 per kg.
Copper ended the day at Rs 367.70 per kg on 10 March 2015 against 374.05 per kg on 9 March 2015.
MCX Natural Gas March futures yesterday bounced back into the positive zone and ended with gain of 1.4 per cent at Rs 172, on account of renewed buying.
Further upward movement is possible only after a successful close above Rs 174-odd level the 20-DMA for the MCX Natural Gas March futures.
Free Commodity Tips , commodity tips , commodity trading tips , mcx advisory indore , mcx crude oil tips
No comments:
Post a Comment