Thursday 12 March 2015

Commodity Market News-13 March 2015

Free Commodity Tips

The MCX Silver March future is trading on a Positive zone.
The bullion white metal started the day with a gain of Rs 97 (0.3 per cent) at Rs 35,422, tracking NYMEX Silver prices.

the precious white metal ended at Rs 35,325.

The MCX Silver March future has touched a high at Rs 35,488 - up (Rs 163) and a low at Rs 35,422.

The MCX Gold April future started the day on a positive note following the NYMEX Gold futures.

The bullion future opened with a gain of 0.2 per cent (Rs 65) at Rs 25,720. So far, the Indian Gold has touched a high at Rs 25,760 (up Rs 105 from the previous close).

Gold price in India is quoted at Rs 25,750 - up 0.4 per cent.

The MCX March futures for Natural Gas corrected after facing strong resistance above the 20-DMA (Rs 174) and 50-DMA (Rs 176) on the daily charts.

The energy futures rallied to a high of Rs 180, but however wiped out all the gains and ended with a significant loss of 3.7 per cent at Rs 172 following NYMEX Natural Gas prices despite data showed that US Natural Gas supplies fell more than expected last week.

The March MCX Crude Oil futures tumbled for the third day in row, owing to step fall in NYMEX Crude Oil prices amid an unexpected decline in US retail sales.

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