Moneycontrol Commodity News

Precious, base metals, Crude may trade lower today: Angel

Fri, 01 Jun 2012 17:55:25 +0530

Angel Commodities has come out with its report on international commodities. According to the research firm, precious metals, base metals and crude oil prices are expected to trade lower on the back of a stronger DX along with poor expectations on the data that it to be released from the US today evening.

MCX SILVERMIC June contract trades lower

Fri, 01 Jun 2012 15:56:12 +0530

At 15:50 hrs MCX SILVERMIC June contract was trading at Rs 53309.00 down Rs 831.00, or 1.53%. It touched an intraday high of Rs 54071.00 and an intraday low of Rs 53221.00. So far 92777 contracts have been traded.

MCX GOLDM June contract dips

Fri, 01 Jun 2012 15:55:02 +0530

At 15:48 hrs MCX GOLDM June contract was trading at Rs 28981.00 down Rs 269.00, or 0.92%. It touched an intraday high of Rs 29210.00 and an intraday low of Rs 28960.00. So far 11417 contracts have been traded.

Euro not dead, dollar rally will fizzle soon: Swiss Asia

Fri, 01 Jun 2012 14:58:32 +0530

Juerg Kiener, managing director chief investment officer, Swiss Asia Capital analyses the commodities space and gives his view on gold, silver and crude.

MCX SILVERM June contract falls 1.5%

Fri, 01 Jun 2012 14:55:45 +0530

At 14:50 hrs MCX SILVERM August contract was trading at Rs 54763.00 down Rs 780.00, or 1.40%. It touched an intraday high of Rs 55450.00 and an intraday low of Rs 54662.00. So far 3904 contracts have been traded.

MCX GOLDGUINEA August contract sheds

Fri, 01 Jun 2012 14:53:55 +0530

At 14:45 hrs MCX GOLDGUINEA August contract was trading at Rs 23458.00 down Rs 145.00, or 0.61%. It touched an intraday high of Rs 23508.00 and an intraday low of Rs 23450.00. So far 73 contracts have been traded.

Chart of the day: Oil sinks to eight-month low below USD 100

Fri, 01 Jun 2012 14:32:02 +0530

Oil fell to its lowest since October 2011 on Friday to just above USD 100 a barrel as weak manufacturing activity data from China and the euro-zone debt crisis raised concern of a slowdown in fuel demand.

MCX SILVER December contract slips 1%

Fri, 01 Jun 2012 14:17:42 +0530

At 14:10 hrs MCX SILVER December contract was trading at Rs 56540.00 down Rs 572.00, or 1.00%. It touched an intraday high of Rs 56780.00 and an intraday low of Rs 56540.00. So far 10 contracts have been traded.

MCX GOLD August contract trading lower

Fri, 01 Jun 2012 14:14:33 +0530

At 14:08 hrs MCX GOLD August contract was trading at Rs 29234.00 down Rs 198.00, or 0.67%. It touched an intraday high of Rs 29380.00 and an intraday low of Rs 29183.00. So far 13207 contracts have been traded.

Gold heads for weekly loss on euro zone woes

Fri, 01 Jun 2012 13:02:02 +0530

Gold slipped on Friday, on course for a second straight week of losses, as a weaker euro sapped appetite for bullion amid the debt crisis in Europe while investors awaited a key U.S. employment report later in the day for further trading cues.

Resistance for Rubber around Rs 19800-19900: Geojit

Fri, 01 Jun 2012 12:10:56 +0530

Geojit Comtrade has come out with its report on Rubber. According to the research firm, it has Support at around Rs 19640-19550 and Resistance at Rs 19800-19900.

9 commodities you should keep an eye on for intraday:Geojit

Fri, 01 Jun 2012 11:55:19 +0530

Geojit Comtrade has come out with its technical report on Gold, Silver, Crude, Natural Gas, Copper, Nickel, Lead, Zinc and Steel

Sell Maize, CPO on pullback; Cocud below Rs 1116: Geojit

Fri, 01 Jun 2012 11:50:13 +0530

Geojit Comtrade has come out with its report on agricultural commodities. The research firm has recommended to sell Maize, CPO on pullback and Cocud below Rs 1116.

Crude may slip on rise in US oil inventories, says Angel

Fri, 01 Jun 2012 11:40:12 +0530

Angel Commodities has come out with its report on energy. According to the research firm, crude oil prices are expected to trade with a negative bias on the back of rise in US crude oil inventories coupled with latest data that indicates a slowdown in the US economy.

Expect downside pressure on precious metals today: Angel

Fri, 01 Jun 2012 11:31:15 +0530

Angel Commodities has come out with its report on bullion. According to the research firm, the DX is expected to strengthen in today’s session and this will lead to downside pressure on the precious metals.