Sandeep Sinha

Senior Sub-Editor

Moneycontrol News

Crude palm oil futures decline 1.29% to Rs 1,158.80 per 10 kg on tepid demand

BUSINESS

Crude palm oil futures decline 1.29% to Rs 1,158.80 per 10 kg on tepid demand

The momentum indicator Relative Strength Index is at 49.39 which indicates neutral movement in prices.

Gold prices ease to Rs 46,791/10 gm, dip 2.12% for the week; silver slips Rs 660 a kg

BUSINESS

Gold prices ease to Rs 46,791/10 gm, dip 2.12% for the week; silver slips Rs 660 a kg

The broader range on COMEX could be between $1750- 1780 and on the domestic front, prices could hover in the range of Rs 46,550- 47,020, said Damani.

Aluminium prices rise 0.85% to Rs 194.95 per kg on strong demand, bullish outlook

BUSINESS

Aluminium prices rise 0.85% to Rs 194.95 per kg on strong demand, bullish outlook

In the futures market, aluminium for May delivery touched an intraday high of Rs 195.30 and a low of Rs 193.35 per kg on the MCX.

Crude oil falls 1% to Rs 4,763/barrel on weak China data, rising coronavirus cases

BUSINESS

Crude oil falls 1% to Rs 4,763/barrel on weak China data, rising coronavirus cases

Rising virus cases, mixed economic data from major economies and the prospect of higher supply from OPEC and Iran are weighing on crude oil prices.

Silver futures flat at Rs 67,600 per kg on muted global cues

BUSINESS

Silver futures flat at Rs 67,600 per kg on muted global cues

Silver holdings in iShares ETF were unchanged at 17,650.65 tonnes. The fund NAV is trading at a discount of 0.53 percent.

Natural gas futures firm at Rs 215.20 per mmBtu on lower inventory buildup

BUSINESS

Natural gas futures firm at Rs 215.20 per mmBtu on lower inventory buildup

The momentum indicator Relative Strength Index (RSI) is at 65.70 which indicates upbeat movement in the prices.

Gold price slips for 6th day to Rs 46,971/10 gm on firm rupee, bond yields

BUSINESS

Gold price slips for 6th day to Rs 46,971/10 gm on firm rupee, bond yields

The broader range on COMEX could be between $1775- $1798 and on the domestic front, prices could hover in the range of Rs 47,000- Rs 47,550, said Damani.

Natural gas futures slide nearly 1% to Rs 218.80 per mmBtu on warmer weather

BUSINESS

Natural gas futures slide nearly 1% to Rs 218.80 per mmBtu on warmer weather

The commodity has been trading higher than 5, 20, 50, 100 and 200 days' moving averages on the daily chart. The momentum indicator Relative Strength Index is at 66.49 which indicates bullish movement in the prices.

Crude palm oil futures drop 0.72% to Rs 1,198 per 10 kg in evening trade

BUSINESS

Crude palm oil futures drop 0.72% to Rs 1,198 per 10 kg in evening trade

The agri commodity has been trading higher than 50, 100 and 200-days’ moving averages but lower than 5 and 20 days’ moving averages on a daily chart for the May series.

Copper prices hit fresh lifetime high of Rs 754.20 per kg on green infrastructure push

BUSINESS

Copper prices hit fresh lifetime high of Rs 754.20 per kg on green infrastructure push

Copper prices traded higher, underpinned by spending on green infrastructure and a weaker dollar.

Gold prices slip to Rs 47,351/10 gram on firm rupee; silver corrects Rs 727 a kg

BUSINESS

Gold prices slip to Rs 47,351/10 gram on firm rupee; silver corrects Rs 727 a kg

Prices are trading below $1,800 levels and we may expect a downfall where support of $1,765-1,760 could be tested.

Cotton futures dip marginally to Rs 21,780 per bale on weak global cues

BUSINESS

Cotton futures dip marginally to Rs 21,780 per bale on weak global cues

The momentum indicator Relative Strength Index is at 54.69 which indicates upbeat movement in prices.

Crude oil prices dip 1.57% to Rs 4,579/barrel on demand concerns

BUSINESS

Crude oil prices dip 1.57% to Rs 4,579/barrel on demand concerns

Crude oil witnessed selling on mixed fundamentals as investors weighed on demand growth worries amid rising cases in top oil consumers like India and Japan.

Silver futures flat at Rs 68,525/kg on weaker dollar; experts raise bullish positions

BUSINESS

Silver futures flat at Rs 68,525/kg on weaker dollar; experts raise bullish positions

Technically, LBMA Silver Spot trading above $25.75 which could push prices to $26.30-$27.50 levels.

Natural gas futures fall 0.66% to Rs 209.80 per mmBtu on weak demand; speculators raised net long positions

BUSINESS

Natural gas futures fall 0.66% to Rs 209.80 per mmBtu on weak demand; speculators raised net long positions

Technically, MCX Natural Gas May could see a positive session in coming session up to Rs 213-215 levels as it holds strong support at 209-207 levels, said Iyer.

MCX Natural Gas futures up 2.25% to Rs 204.70/mmBtu this week; adopt sell-on-rise strategy, says expert

BUSINESS

MCX Natural Gas futures up 2.25% to Rs 204.70/mmBtu this week; adopt sell-on-rise strategy, says expert

The energy commodity has been trading higher than 20, 50, 100 and 200 days' moving averages but lower than the 5-day moving average on a daily chart.

Gold rises 0.44% to Rs 47,560/10 gm this week; outlook bullish

BUSINESS

Gold rises 0.44% to Rs 47,560/10 gm this week; outlook bullish

"Fundamentally for the coming month, we expect international Gold futures to continue to trade bullish as the US Dollar Index and Bond yields are expected to witness a further decline," said Sunand Subramaniam, Senior Research Associate at Choice Broking.

MCX Copper rises for second consecutive week, price in uncharted territory; check outlook & strategy for next week

BUSINESS

MCX Copper rises for second consecutive week, price in uncharted territory; check outlook & strategy for next week

Domestically, MCX Copper May is trading at an all-time high 736.80 level indicating a strong bullish momentum where prices have shifted to a new range zone as prices are in uncharted territory.

Copper futures rise 1.21% to Rs 733.10 per kg on positive global cues, weak dollar

BUSINESS

Copper futures rise 1.21% to Rs 733.10 per kg on positive global cues, weak dollar

The non-ferrous metal has been trading higher than 5, 20, 50, 100 and 200 days' moving averages on the daily chart. The momentum indicator Relative Strength Index is at 68.57 which indicates bullish movement in prices.

Nickel futures jump 1% to Rs 1,216 per kg, brokerages see further upside

BUSINESS

Nickel futures jump 1% to Rs 1,216 per kg, brokerages see further upside

The hourly momentum indicator RSI is trading at 52 and it has given a bullish divergence.

Bitcoin plunge helps gold regain safe-haven status; silver tumbles

BUSINESS

Bitcoin plunge helps gold regain safe-haven status; silver tumbles

Bitcoin has tumbled $15,198.7 or 23.46 percent from the high of $64,778 it touched on April 14.

Cotton futures up nearly 1% to Rs 21,410 per bale on firm global cues

BUSINESS

Cotton futures up nearly 1% to Rs 21,410 per bale on firm global cues

The momentum indicator Relative Strength Index is at 49.48, which indicates sideways movement in prices.

Crude Palm oil slips after hitting new lifetime high on profit booking

BUSINESS

Crude Palm oil slips after hitting new lifetime high on profit booking

The agri commodity has been trading higher than 5, 20, 50, 100 and 200-days’ moving averages on a daily chart. The momentum indicator Relative Strength Index (RSI) is at 66.22, which indicates bullish movement in the prices.

Crude oil futures steady at Rs 4,628/barrel, likely to trade sideways; WTI trades above $61/bbl

BUSINESS

Crude oil futures steady at Rs 4,628/barrel, likely to trade sideways; WTI trades above $61/bbl

The momentum indicator Relative Strength Index (RSI) is at 53.94 indicating neutral movement in prices.

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