BULLION
Gold April future is trading on a soft note at $ 1,201.10.Silver May future has slipped 0.7 per cent at $ 17,023.Platinum April future is down 0.2 per cent at $ 1,150.65.
ENERGY
Crude Oil May future has tumbled over 2 per cent at $ 50.39.Brent Oil May future has dropped 1.4 per cent at $ 58.24.Natural Gas April future is trading on a flat note at $ 2.683.
The Crude Oil April MCX futures rallied for the third straight day, owing to big gains in NYMEX Crude Oil.
On Thursday, the energy futures witnessed sharp rally and jumped above the higher-end of the Bollinger Band (3,280) to touch a high at Rs 3,370, but however pared gains and ended slightly below the higher-end of the Bollinger Band - with a surge of 5 per cent (Rs 159) at Rs 3,253.
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.
Yesterday, the energy futures tested a low of Rs 169, before signing off the day with a loss of around 2 per cent at Rs 170. In the past two sessions, the commodity declined 3.5 per cent at Rs 170 from Rs 176.
BASE METAL
Copper May future has declined over a per cent at $ 2.779.
MCX Copper April expiry contract gained on Thursday continuing with its zig zag moves.Prices inched closer to Rs 395 which proved a crucial resistance of last week.
Copper ended the day at Rs 392.45 on 26 March 2015 against 387.15 per kg on 25 March 2015.In last session trades gains are expected to get resisted at Rs 395 per kg.
CapitalStars Financial
Research Private Limited is an advisory company incepted with a vision of
providing fair and accurate trading and investment calls in share and commodity
market. CapitalStars also
available on linkedin and facebook.
Get Free Share Market Tips, MCX Tips Free Trial, NCDEX Tips, Commodity Tips, Nifty Futures Tips with profitable calls and tips.
0 comments:
Post a Comment