Friday, 23 October 2015

Daily Mcx Commodity Market Trading Tips and Advice

On an intraday basis, we expect gold prices to trade sideways as investors will keenly watchUS Federal Reserve meeting on 26th October will have a large impact across commodities if it provides clues about the timing of rate hike.

IEA and OPEC forecast shows that oil glut and higher supplies will be the crucial factor dominating oil markets which in turn will exert downside pressure on oil prices.

We expect Copper prices to trade lower as focus shifts on the Federal Reserve latest monetary review this month. Also, slowing Chinese economy along with rising expectations of rate hike will hurt demand.

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