Friday, 19 January 2018

Zinc MCX Market News

Zinc futures were trading higher during the afternoon trade in the domestic market on Friday as speculators created fresh positions on pick-up in demand from consuming industries at the spot markets. Market analysts attributed the rise in zinc futures to fresh bets created by participants on the back of rising demand at the domestic spot market.
At the MCX, zinc futures for January 2018 contract was trading at Rs 218.65 per kg, up by 0.44 per cent, after opening at Rs 217.65, against a previous close of Rs 217.70. It touched the intra-day high of Rs 218.70
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Thursday, 18 January 2018

CARDAMOM FUTURES NEWS UPDATE BY MARKETMAGNIFY

Cardamom futures were trading higher during the evening trade in the domestic market on Thursday as investors and speculators extended their positions in the agri-commodity amid rise in physical demand for cardamom in the domestic spot market.
Further, insufficient supplies on higher physical arrivals from the major cardamom producing regions, supported the upward trend in the domestic cardamom prices. At the MCX, cardamom futures for December 2017 contract was trading at Rs 1045 per kg, up by 3.34 per cent, after opening at Rs 1024.90, against a previous close of Rs 1011.20. It touched the intra-day high of Rs 1049.70(at 16:08 hours).

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Wednesday, 17 January 2018

COMMODITY MARKET NEWS MENTHA OIL FUTURES

Mentha oil futures were trading higher during the morning trade in the domestic market on Wednesday amid pick-up in demand at domestic spot market and restricted supplies from producing regions. Market analysts said fresh positions built up by traders following pick-up in demand from consuming industries in the spot market against restricted supplies from Chandausi, led to the rise in mentha oil prices in futures trade.
At the MCX, mentha oil futures for January 2018 contract was trading at Rs 1573.70 per kg, up by 1.18 per cent, after opening at Rs 1569.90, against the previous closing price of Rs 1555.30. It touched the intra-day high of Rs 1590.
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Tuesday, 16 January 2018

COMMODITY MARKET NEWS UPDATE GOLD & CRUDE OIL

     GOLD
Gold prices traded at four-month highs on Monday, as demand for the U.S. dollar moved lower.
Floor trading on the Comex on Monday did not take place because of the Martin Luther King Day holiday in the U.S. All electronic transactions will be booked with Tuesdays trades for settlement
The dollar brushed aside data on Friday showing that underlying U.S. consumer prices marked their largest increase in 11 months in December, fueling to expectations that inflation will accelerate this year.
   CRUDE OIL
Crude oil prices varied on Monday, but they were still hovering near multi-year highs as overall cheerfulness regarding the rebalancing of the market continued to support the commodity.
Floor trading on the Nymex on Monday didn’t take place because of the Martin Luther King Day holiday in the U.S. All electronic transactions will be booked with Tuesdays trades for settlement.
Brent Oil for March delivery on the ICE Futures Exchange in London eased 5 cents or about 0.09% to $69.83 a barrel, not far from a three-year higher of $70.05 also hit last Thursday.
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Monday, 15 January 2018

Cardamom News Update By MarketMagnify

Cardamom futures were trading higher during the evening trade in the domestic market on Thursday as investors and speculators extended their positions in the agri-commodity amid rise in physical demand for cardamom in the domestic spot market.
Further, insufficient supplies on higher physical arrivals from the major cardamom producing regions, supported the upward trend in the domestic cardamom prices. At the MCX, cardamom futures for December 2017 contract was trading at Rs 1045 per kg, up by 3.34 per cent, after opening at Rs 1024.90, against a previous close of Rs 1011.20. It touched the intra-day high of Rs 1049.70(at 16:08 hours).

Friday, 12 January 2018

FRIDAY GOLD MARKET NEWS UPDATE

 Gold prices rose for a third straight session on Friday to their highest since September as the slumping dollar drew investors to buy the yellow metal. Bullion is on track for its fifth weekly gain.
Spot gold edged up 0.3 percent to $1,326.68 an ounce by 0318 GMT. Prices rose their highest since Sept. 15, 2017, at $1,327. Gold is up 0.5 percent for the week so far and the streak of weekly gains is the most since the week ending April 14.
U.S. gold futures were up 0.3 percent at $1,326.90 an ounce. The dollar index, which measures the greenback against six rival currencies, fell to its lowest since Sept. 20, 2017, at 91.689.
The euro jumped against the dollar as the European Central Bank signalled it could begin to wind down its 2.5 trillion euro ($3.01 trillion) stimulus program this year. A stronger euro potentially boosts demand for gold by making dollar-priced bullion cheaper for European investors.
"Gold has to breach the recent high of $1,327, above which prices can touch $1,360."

Thursday, 11 January 2018

FOLLOWUP : COMMODITY MARKET LIVE CALL MENTHA OIL

FOLLOWUP: MENTHA OIL HIT 1ST TARGET   BOOK MORE PROFIT MARKET HIGH IS 1652



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