Showing posts with label live commodity news. Show all posts
Showing posts with label live commodity news. Show all posts

RESEARCH VIA MCX: BUY ZINC ABOVE 127.70 03 MARCH 2014

REVIA MCX: BUY ZINC ABOVE 127.70 TGTS 128.10/128.80/129.80 SL 127.20 (9977785000) WWW.RESEARCHVIA.COM

REVIA MCX: ZINC HIT 1ST TGT 128.10 HIGH OF 128.15 BOOK PART PROFIT (9977785000) WWW.RESEARCHVIA.COM

REVIA MCX: BUY SILVER MAY ABOVE 47900 TGTS 48050/48300/48650 SL 47750 (9977785000) WWW.RESEARCHVIA.COM

REVIA MCX: SILVER HIT 1ST TGT 48050 HIGH OF 48082 BOOK PART PROFIT (9977785000) WWW.RESEARCHVIA.COM

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Intraday Outlook


Bullion
 Gold futures were down today tracking rise in the rupee against the dollar and as COMEX futures shed early gains and fell. Earlier in the day the gold futures were trading marginally higher as weak US non-farm payrolls, data for which was posted Friday, boosted demand for the safe-haven metal. However, profit booking after the recent rise pulled down prices in the US session. 

Energy
 Domestic oil futures were trading slightly lower tracking the same in benchmark contracts on the New York Mercantile Exchange.  Oil prices had declined, as sentiment weakened following release of discouraging US job data. Gas prices remained well supported even as temperatures in key Midwest and Northeast regions climbed to above-normal levels, shaking off a stubborn latewinter cold spell that spiked demand.

Metals 
 Base metal futures on the MCX were trading higher tracking the rise in benchmark contracts on the London Metal Exchange, where  prices gained on lower level buying, but appreciation in the rupee against the dollar capped the rise in prices. LME base metals futures had declined earlier due to demand concerns from the US and China and rising inventory in  warehouses.

MCX Gold, Silver, Copper, Crude Oil Updates Today 26 Feb. 2013


Bullion: Gold futures were up on domestic exchanges tracking rise in international prices, but a firm rupee against the dollar limited the gains. On COMEX, gold futures rose due to weakness in the dollar against the euro and on bargain buying after the recent fall in prices. 

Metals: Base metal futures on MCX were trading lower tracking firm rupee against the dollar, but mild upward correction in benchmark contracts on London Metal Exchange limited losses. LME contracts moved higher today on bargain buying, but demand concerns and release of discouraging Chinese manufacturing Purchasing Manager's Index data capped gains.

Energy: Domestic crude oil futures were trading lower tracking New York Mercantile Exchange and also due to appreciation in rupee against the dollar. China, the worlds second-biggest oil consumer after the U.S., and the engine for oil-demand growth, is sending mixed signals. China's crude oil imports rose in January by a healthy 7.4% from a year earlier, but early indications show manufacturing activity dropped in February to a level that barely indicates a growing economy. 

Free Commodity tips, mcx tips, mcx silver tips, gold tips, NCDEX

All base metals are trading on a flat note today. Precious metals are trading flat on COMEX today. We expect prices to trade lower for the day. Industrial metals are trading flat on International bourses today. We expect prices to trade  lower for the day. Crude oil is trading higher on International bourses today. We expect prices to trade lower for the day on account of demand concerns triggered by the debt crisis in Europe.