BUSINESS
Copper futures fall nearly 1% to Rs 672.30 per kg on higher inventory
MCX Copper price is expected to trade in a bearish trend with strong resistance at Rs 677 level and intermediate resistance at Rs 674 level, said Motilal Oswal.
BUSINESS
Gold flat at Rs 44,861/10 gm on rupee weakness, silver eases by Rs 25
The gold/silver ratio currently stands at 67.01 to 1, which means the number of silver ounces required to buy one ounce of gold.
BUSINESS
Crude oil futures slip over 1% to Rs 4,682 per barrel on demand concern; WTI trades below $65/bbl
The black gold has been trading higher than 20, 50, 100 and 200 days' moving averages but lower than the 5-day moving average on the daily chart.
BUSINESS
Silver futures slip 0.51% to Rs 67,324 per kg on firm dollar
The semi-precious metal has been trading higher than 100 and 200 days’ moving averages but lower than 50, 20 and 5 days’ moving averages on the daily chart. The Relative Strength Index (RSI) is at 48.88 which indicates neutral momentum in prices.
BUSINESS
Natural gas futures marginally lower at Rs 181 per mmBtu on weak demand
The commodity has been trading lower than 5, 20, 50 100 and 200 days' moving averages on a daily chart. The Relative Strength Index (RSI) is at 32.67 which indicates bearish momentum in prices.
BUSINESS
Gold price surges to Rs 44,828 per 10 gram on safe-haven demand; silver up by Rs 1,124 a kg
Money managers decreased net long positions by 15,960 lots last week, according to the CFTC data.
BUSINESS
Crude oil futures decline 0.73% to Rs 4,762 per barrel
The number of rigs drilling crude oil in the US fell by 1 to 309 rigs for the week to March 12, said Baker Hughes in a weekly report.
BUSINESS
Copper futures slips 0.29% to Rs 678 per kg; speculators cut net long positions
Patel expects the base metal to trade sideways to lower for the week with MCX Copper support at Rs 670 and resistance at Rs 689.
BUSINESS
Silver futures rise nearly 1% to Rs 67,390 per kg; experts expect further upside
Hedge funds and money managers slashed their bullish positions in COMEX silver contracts by 3,829 to 27,677 in the week to March 9, according to US CFTC data.
BUSINESS
Natural gas futures slump 3.36% to Rs 184.10 per mmBtu on muted global cues
Speculators cut their net long natural gas futures and options positions by 45,659 contracts to 284,213 in the week to March 9, according to US CFTC data.
BUSINESS
Copper futures drop 1.07% to Rs 677 per kg on weak demand
The base metal has been trading higher than 50, 100 and 200 days' moving averages but lower than 20 and 5 days’ moving average on the daily chart.
BUSINESS
Gold prices slide to Rs 44,332/10 gm on dollar, bond yields uptick; Silver crashes Rs 529 a kg
The benchmark 10-year US T-bond yield climbed above 1.6 percent, up 8 basis point putting pressure on bullion metal.
BUSINESS
Nickel futures slip 1.37% to Rs 1,165 per kg on dollar uptick
The commodity has been trading higher than 200-day moving averages but lower than 5, 20, 50, and 100 days’ moving averages on a daily chart.
BUSINESS
Silver futures plunge 1.61% to Rs 66,459 per kg as US treasury yields and dollar rise
The semi-precious metal has been trading higher than 100 and 200 days’ moving averages but lower than 50, 20 and 5 days’ moving averages on the daily chart.
BUSINESS
Crude oil futures firm at Rs 4,807, WTI inches closer to $66 a barrel
The black gold has been trading higher than 5, 20, 50, 100 and 200 days' moving averages on the daily chart. The momentum indicator Relative Strength Index (RSI) is at 68.06 indicating bullish momentum in prices.
BUSINESS
Cotton futures slip marginally to Rs 21,970 per bale on weak global trend
In the futures market, cotton for March delivery touched an intraday high of Rs 22,160 and an intraday low of Rs 21,960 per bale on the MCX.
BUSINESS
Natural gas futures decline 0.41% to Rs 193 per mmBtu on lower inventory drawdown
The commodity has been trading lower than 5, 20, 50 and 100 days' moving averages but higher than the 200-day moving average on a daily chart.
BUSINESS
Crude oil futures rise 2.54% to Rs 4,763, Brent trades above $69 a barrel
The black gold has been trading higher than 5, 20, 50, 100 and 200 days' moving averages on the daily chart. The momentum indicator Relative Strength Index (RSI) is at 64.91, indicating bullish momentum in prices.
BUSINESS
Gold rates flat at Rs 44,680 per 10 gram as dollar rebounds; silver rises Rs 83 a kg
The gold/silver ratio currently stands at 67.31 to 1, which means the number of silver ounces required to buy one ounce of gold.
BUSINESS
Crude futures gain marginally to Rs 4,689, WTI trades above $64 a barrel
West Texas Intermediate crude was up 0.34 percent to $64.23 per barrel, while Brent crude, the London-based international benchmark, gained 0.16 percent to $67.63 per barrel.
BUSINESS
Silver futures drop 0.57% to Rs 67,096 per kg on dollar rebound
The semi-precious metal has been trading higher than 5, 100 and 200 days’ moving averages but lower than 50 and 20 days’ moving averages on the daily chart.
BUSINESS
Cotton futures slip 0.86% to Rs 21,890 per bale, outlook bullish
The soft commodity has been trading higher than 20, 50, 100 and 200 days' moving averages, but lower than the 5-day moving average on the daily chart.
BUSINESS
Natural gas futures down 0.62% to Rs 192.50 per mmBtu on weak global trend
The commodity has been trading lower than 5, 20, 50 and 100 days' moving averages but higher than the 200-day moving average on a daily chart.
BUSINESS
Copper futures down over 2% at Rs 681.90 per kg, experts expect further downside
MCX Copper March could see some sideways momentum near its 21-Daily Moving Average at Rs 678 level below which could see a downside move up to Rs 673-665 levels whereas resistance is at Rs 683-688 levels.
