Sandeep Sinha

Senior Sub-Editor

Moneycontrol News

Crude Palm oil futures hit lifetime high of Rs 1,167/10 kg on the MCX

BUSINESS

Crude Palm oil futures hit lifetime high of Rs 1,167/10 kg on the MCX

The agri commodity has been trading higher than 5, 20, 50, 100 and 200-days’ moving averages on the daily chart. The Relative Strength Index (RSI) is at 60.83, which indicates positive momentum in the prices.

Copper futures gain 1.64% to Rs 717.95 per kg on falling mines supply, firm demand

BUSINESS

Copper futures gain 1.64% to Rs 717.95 per kg on falling mines supply, firm demand

Supply worries arising from major Copper producing nations amid a weaker US Dollar has painted a favourable picture for the red metal prices.

Cotton futures gain 0.69% to Rs 21,830 per bale on lower inventory

BUSINESS

Cotton futures gain 0.69% to Rs 21,830 per bale on lower inventory

The soft commodity has been trading higher than 5, 20, 50, 100 and 200 days’ moving averages on the daily chart. The Relative Strength Index (RSI) is at 57.32 which indicates upbeat momentum in prices.

Gold prices jump to Rs 46,545/10 gm on safe-haven appeal; silver surges Rs 1,178 a kg

BUSINESS

Gold prices jump to Rs 46,545/10 gm on safe-haven appeal; silver surges Rs 1,178 a kg

The broader range on COMEX could be between $1720- 1750 and on the domestic front, prices could hover in the range of Rs 46,580- 47,070, said Damani.

Crude oil futures slip 0.80% to Rs 4,714/barrel; WTI trades near $63/bbl

BUSINESS

Crude oil futures slip 0.80% to Rs 4,714/barrel; WTI trades near $63/bbl

The International Energy Agency (IEA) forecasted global oil demand and supply to rebalance in the second half of the year.

Silver futures rise 0.62% to Rs 68,059 per kg tracking gains in gold, dollar weakness

BUSINESS

Silver futures rise 0.62% to Rs 68,059 per kg tracking gains in gold, dollar weakness

The semi-precious 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 57.94 which indicates bullish momentum in prices.

Natural gas futures fall 0.51% to Rs 195.30 per mmBtu ahead of inventory report

BUSINESS

Natural gas futures fall 0.51% to Rs 195.30 per mmBtu ahead of inventory report

The commodity has been trading higher than 5, 20 and 200 days' moving averages but lower than the 50 and 100 day’s moving average on a daily chart. The momentum indicator Relative Strength Index (RSI) is at 53.78 which indicates positive momentum in the prices.

Zinc futures tank 2.7% to Rs 221.55 per kg on weak global trend; outlook bullish

BUSINESS

Zinc futures tank 2.7% to Rs 221.55 per kg on weak global trend; outlook bullish

Falling production is likely to add worries to the prices, however, the demand/usage of metals and ores is also forecasted to remain strong especially in China and other Asian countries with positive economic reports in India.

Copper futures slip 0.54% to Rs 686.10 per kg on China concern

BUSINESS

Copper futures slip 0.54% to Rs 686.10 per kg on China concern

The non-ferrous metal 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. The Relative Strength Index (RSI) is at 55.07 which indicates bullish momentum in prices.

Gold prices jump for seventh successive day to Rs 46,545/10 gm; silver gains Rs 247 a kg

BUSINESS

Gold prices jump for seventh successive day to Rs 46,545/10 gm; silver gains Rs 247 a kg

Speculators raised their bullish position in COMEX gold and silver contracts by 26,943 contracts to 77,406 and by 3,648 contracts to 24,884 respectively in the week to April 6, US CFTC data showed.

Interview | Gold buying for wedding rises as COVID restrictions cut other costs: Kalyan Jewellers' Ramesh Kalyanaraman

BUSINESS

Interview | Gold buying for wedding rises as COVID restrictions cut other costs: Kalyan Jewellers' Ramesh Kalyanaraman

Kalyan Jewellers says customers prefer its standalone showrooms over small shops because of better safety protocols during the pandemic and the quality of its products. The company's executive director Ramesh Kalyanaraman says its 14 new stores being launched will break even from day-1 as major costs like advertising are borne by existing stores.

Crude oil futures surge 1.65% to Rs 4,507/barrel; Brent trades near $64

BUSINESS

Crude oil futures surge 1.65% to Rs 4,507/barrel; Brent trades near $64

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 53.03, indicating positive momentum in prices.

Silver futures trade flat on weak global cues; rupee depreciation cap downside

BUSINESS

Silver futures trade flat on weak global cues; rupee depreciation cap downside

The semi-precious metal has been trading higher than 5, 20, 100 and 200 days’ moving averages but lower than the 50-day moving average on the daily chart. The Relative Strength Index (RSI) is at 54.29 which indicates positive momentum in prices.

Natural gas futures rise 1.64% to Rs 192.20 per mmBtu on colder weather outlook

BUSINESS

Natural gas futures rise 1.64% to Rs 192.20 per mmBtu on colder weather outlook

The commodity has been trading higher than 5, 20 and 200 days' moving averages but lower than the 50 and 100 day’s moving average on a daily chart. The momentum indicator Relative Strength Index is at 51.31 which indicates sideways momentum in the prices.

Gold price surges 4% to Rs 46,610/10 gm this week; check key events, trading strategy for next week

BUSINESS

Gold price surges 4% to Rs 46,610/10 gm this week; check key events, trading strategy for next week

Gold is currently in a consolidation phase which is encouraging bargain hunters and long-term investors to step in and take advantage of low prices as it may soon reverse direction decisively and recover.

MCX Crude oil falls 1.77% to Rs 4,432/barrel this week; expert suggests buy for a target of Rs 4,500

BUSINESS

MCX Crude oil falls 1.77% to Rs 4,432/barrel this week; expert suggests buy for a target of Rs 4,500

The momentum indicator Relative Strength Index (RSI) is at 49.50, indicating sideways momentum in prices.

Silver prices jump 3% for the week to Rs 66,941/kg; check outlook and strategy for next week

BUSINESS

Silver prices jump 3% for the week to Rs 66,941/kg; check outlook and strategy for next week

The Relative Strength Index (RSI) is at 53.79, which indicates positive momentum in prices.

mjunction targets 25% top line growth in FY22; conducts 27,000 e-auctions in FY21

BUSINESS

mjunction targets 25% top line growth in FY22; conducts 27,000 e-auctions in FY21

Our helpdesk and toll-free helpdesks were made operational within three days after the lockdown was declared. Being an e-commerce service provider, our customer-facing processes are 100% digital and already available on the Internet.

MCX Nickel rises 4% for the week to 1,254.50 per kg; outlook bullish for the month

BUSINESS

MCX Nickel rises 4% for the week to 1,254.50 per kg; outlook bullish for the month

MCX Nickel has formed an Extended Rectangle pattern in the hourly chart and provided the channel breakout and traded above the psychological resistance of Rs 1,200.

MCX Natural gas futures fall 2.58% to Rs 189.20/mmBtu this week, experts suggest buy-on-dips strategy

BUSINESS

MCX Natural gas futures fall 2.58% to Rs 189.20/mmBtu this week, experts suggest buy-on-dips strategy

The energy commodity has been trading higher than 5, 20 and 200 days' moving averages but lower than the 50 and 100 days’ moving average on a daily chart for the April contract. The Relative Strength Index (RSI) is at 48.08, which indicates sideways momentum in the prices.

Crude palm oil futures steady at Rs 1,140 per 10 kg in evening trade

BUSINESS

Crude palm oil futures steady at Rs 1,140 per 10 kg in evening trade

The agricultural commodity has been trading higher than 5, 20, 50, 100 and 200-days’ moving averages on a daily chart. The Relative Strength Index is at 57.15 which indicates positive momentum in the prices.

Copper futures slip 0.50% to Rs 692.30 per kg on firm US dollar

BUSINESS

Copper futures slip 0.50% to Rs 692.30 per kg on firm US dollar

The non-ferrous metal has been trading higher than 5, 20, 50, 100 and 200 days' moving averages on the daily chart. The Relative Strength Index (RSI) is at 60.01 which indicates positive momentum in prices.

Gold prices flat at Rs 46,446/10 gm on weak rupee, gain 3.4% for the week; silver Rs 289 a kg

BUSINESS

Gold prices flat at Rs 46,446/10 gm on weak rupee, gain 3.4% for the week; silver Rs 289 a kg

The gold/silver ratio currently stands at 69.39 to 1, which means the number of silver ounces required to buy one ounce of gold.

Crude oil futures rise 0.32% to Rs 4,452 per barrel; WTI trades below $60

BUSINESS

Crude oil futures rise 0.32% to Rs 4,452 per barrel; WTI trades below $60

Crude may witness mixed trade amid lack of clear cues. However, rising virus cases and the prospect of higher supply may keep pressure on prices.

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