Sunday 26 April 2015

Commodity Market News-27 April 2015

Free Commodity Tips

Copper gained sharply at the last session of the week. April expiry contract ended the day at Rs 385.1 per kg, against Rs 376.95 per kg on 23 April 2015.

Crude Oil for May expiry ended the session at Rs 3,650 per barrel on 24 April 2015 against levels of Rs 3,688 per barrel. The prices lost from levels of Rs 3,698 per barrel which was the intraday high.

The prices of MCX Gold charged backward in the intraday moves on 24 April 2015. The prices closed at Rs 26,701 per 10 grams against Rs 26,900 per 10 grams on 23 April 2015. The prices of Gold are expected to face resistance at Rs 27,000 per 10 grams.

The prices of Gold June futures are expected to show more strength if Gold manages to break Rs 26,700 and 27,100 per 10 grams.

The MCX Silver May futures have kick started the week on a positive note - with a jump of Rs 110 at Rs 36,060, owing to smart rally in NYMEX Silver market.

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