Tuesday 17 March 2015

Commodity Market News-18 March 2015

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The MCX Gold April futures declined for the second straight day and are seeking support around the lower-end of the Bollinger Band (Rs 25,545) on the on the daily charts.

The MCX Gold April future is trading on a negative note following the NYMEX Gold futures.

The MCX Silver May future started the day marginally in red at Rs 35,331, but soon drifted lower owing to fresh fall in NYMEX Silver prices.

the MCX Natural Gas opened in green at Rs 179.

The Natural Gas could not sustain its gains for a long and slipped into negative zone to touch a low of Rs 178.

The Crude Oil has tumbled nearly 3 per cent at Rs 2,680. The counter has seen trades of around 12,449 contracts.

The MCX Crude Oil March futures ended in positive territory for the first time in past five trading sessions, on account of bargain-hunting.

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