Sunday 29 March 2015

Commodity Market News-30 March 2015

Free Commodity Tips

BULLION

Gold April future has slipped 0.5 per cent at $ 1,194.60.

Silver May future has shed over a per cent at $ 16,892.

ENERGY

Crude Oil May future has dropped 1.5 per cent at $ 48.15.

The April MCX Crude Oil futures after facing strong resistance above the higher-end of the Bollinger Band (Rs 3,290), however reversed its gains in Friday's trade and ended with a significant loss of over 3 per cent (Rs 101) at Rs 3,152. The fall in the energy futures was on account of profit-booking after the commodity galloped 11 per cent in three trading sessions.

Natural Gas April future has shed over a per cent at $ 2.628.

The MCX Natural Gas logged losses for the third day in a row, owing to set fall in NYMEX Natural Gas prices after US natural gas supplies rose for the first time since last April.  

BASE METAL

Copper May future is trading on a flat note at $ 2.767.

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