Prices of Brent have remained stable during the United States shutdown and oil reserves have surged due to no movement of government vehicles, says David Lennox.
Angel Commodities has come out with its report on international commodities. According to the research firm, crude oil prices are expected to trade on the negative note on back of mixed global market sentiments.
Emkay Global Financial Services has come out with its report on metals sector. The research firm believes that, uncertainty and concerns over global macroeconomic health would keep metals prices volatile.
Angel Broking has come out with its report on metal sector. According to the research firm, iron ore prices are expected to decline as significant newer capacities by global iron ore giants such as BHP Billiton, Rio Tinto and Vale hit the sea-borne markets.
The overall market sentiments have improvement. The optimism of the US economic recovery could support the precious metals like silver and base metal prices today. Reena Walia of Angel Broking recommended a buy on MCX silver March contract around Rs 53,000 per kilogram levels.