Monday, 27 April 2015

Commodity Market News-28 April 2015

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MCX Copper April expiry contract gained on Monday. Prices moved past to Rs 385 that was acting as a formidable resistance.

Copper ended the day at Rs 387.65 on  April 2015 against 385.10 per kg on 24 April 2015. On Monday trading gains are expected to get resisted at Rs 383 and 380 per kg.

Gold prices ended higher Monday and moving above Rs 27,000. The prices ended the day at Rs 27,083 per 10 grams on 27 April 2015 against Rs 26,701 per 10 grams on 24 April 2015.

Gold price tested a high of Rs 27,135 per 10 grams and a low of Rs 26,707 per 10 grams.

The MCX Crude Oil May futures are moving in a broader range of between the higher-end of the Bollinger Band (Rs 3,870) and 50-DMA (Rs 3,395) on the daily charts for the past many trading sessions.

Gold future prices are quoted at Rs 27,028 - down Rs 55, or 0.2 percent. The counter has seen trades of around 670-odd lots, and the open interest has added almost 300-odd lots at 6,965-odd lots on the MCX.

MCX Silver May contracts are also down 0.2 percent at Rs 37,076. The commodity has touched a low at Rs 37,035 and a high at Rs 37,156.

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