Moneycontrol Be a Pro
Get App
Last Updated : Aug 02, 2018 04:15 PM IST | Source: Moneycontrol.com

Crude Oil prices to trade higher: Angel Commodities

According to Angel Commodities, expect CPO futures may trade sideways to higher tracking improved physical demand in the domestic market from the stockists

Broker Research @moneycontrolcom

Angel Commodities' report on Crude Oil

MCX CPO closed higher tracking firm soy oil and weak rupees. Moreover, improved demand from the traders, increase in base  import prices and firm  Malaysia  futures also support prices .The government  has  raised base import prices  for CPO by D6 per tn to D681 while  increase tariffs for RBD Palmolein by 35 to D 6 98 for the  second half of  Feb .  India's CPO imports rose 63% on year  to 6.72 lakh tonnes in January.

Outlook

Close

We expect Ref Soy oil to trade sideways to higher tracking on expectation that government is thinking of increase in import duty of edible oil to support domestic oilseeds prices. Higher stocks with the traders may keep the prices stable.

For all commodities report, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.



Are you happy with your current monthly income? Do you know you can double it without working extra hours or asking for a raise? Rahul Shah, one of the India's leading expert on wealth building, has created a strategy which makes it possible... in just a short few years. You can know his secrets in his FREE video series airing between 12th to 17th December. You can reserve your free seat here.
First Published on Feb 20, 2018 01:20 pm
Loading...
Follow us on
Available On