Thursday 26 March 2015

Commodity Market News-27 March 2015

Free Commodity Tips

The MCX Silver March future is trading on a negative zone tracking NYMEX Silver prices.

The MCX April Gold futures seem to be on joyride as the precious yellow metal surged for the seventh day in row and has also cleared the 50-DMA on the back of strong rally in NYMEX Gold prices.

On Thursday, Gold prices rallied above the higher-end of the Bollinger Band (Rs 26,840) to touch a high at Rs 26,990, but however pared gains to end below the Bollinger Band - with a gain 1.2 per cent (Rs 318) at Rs 26,801.

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

The MCX Natural Gas April futures moved lower for the second straight day and slipped below the 20-50-DMAs, owing to weakness in NYMEX Natural Gas prices.

The Crude Oil April MCX futures rallied for the third straight day, owing to big gains in NYMEX Crude Oil.

MCX Copper April expiry contract gained on Thursday continuing with its zig zag moves.

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