Thursday, 28 April 2016

Gold Falter as US Rate Climb in June Remains a Probability

Gold facilitated on Thursday, after the Federal Reserve kept the entryway open for a loan fee trek in June, despite the fact that it demonstrated it was in no rush to make such a stride. Essentials. 

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Spot gold had facilitated 0.1 percent to USD1,244.50 an ounce by 0043 GMT. The metal has increased around 1 percent in the last three sessions. 

Gold rose similarly as USD1,250.09 on Wednesday, yet pared increases after the Fed proclamation.

Crude Oil Prices go Highs Attention Dear Investors

Crude oil fates pulled once again from 2016 highs at an opportune time Thursday as merchants secured benefits after April's sharp rally, however investigators said falling US generation and solid speculator longing could push costs higher. Universal Brent unrefined prospects were exchanging at USD 47.02 for each barrel at 0045 GMT, down 16 pennies from their last settlement, and US West Texas Intermediate (WTI) fates were down 12 pennies at USD 45.21 a barrel.

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The value plunge came after both rough benchmarks hit 2016 highs the earlier day in what has been one of the steepest value ascends as of late. Both Brent and WTI have aroused more than 70 percent since their particular 2016 lows in January and February. 

Experts said falling yield in the United States and a frail dollar were pushing costs up and pulling in speculators.

Wednesday, 27 April 2016

Crude Oil Strong Against Dollar, Investor Appetite

Crude oil futures rose half a dollar in early Asian trading on Wednesday and remained near 2016 highs on the back of strong investor sentiment and a weak dollar, although analysts warned this month's bull-run could soon run out of steam.

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International Brent crude futures were trading at USD 46.26 per barrel at 0023 GMT, up 52 cents, or 1.1 percent, from their last settlement. US West Texas Intermediate (WTI) crude was also up 52 cents, or 1.2 percent, at USD44.56 a barrel.

WTI was further lifted after the American Petroleum Institute (API) reported a drawdown of nearly 1.1 million barrels in U.S. crude inventories last week versus a 2.4 million-barrel build expected by analysts in a Reuters poll. Both Brent and WTI were near 2016 highs of USD 46.49 and USD 44.83, respectively reached the previous session.

Tuesday, 26 April 2016

Breaking News, Gold Extends Gains 0.1 percent to USD

A weaker dollar and values helped gold develop picks up into Tuesday, with financial specialists mindful in front of approach gatherings this week at the Bank of Japan and the US Federal Reserve.

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The US dollar fell versus the yen as dealers took benefits from the greenback's late rally against the Japanese cash. Desires of a timid Fed additionally hurt the dollar. Asian stocks withdrew as financial specialists were careful about more dangerous resources in front of the national bank gatherings. 

Spot gold had edged up 0.1 percent to USD 1,238.83 an ounce by 0250 GMT, in the wake of increasing 0.5 percent in the past session.

Energy Insight: Crude Oil Technical Recommendation

Crude Oil costs today are running on a positive note particularly the WTI International. Foreseeing lower unrefined development and proceeded with ruin in items side stock levels, International raw petroleum costs have picked up bolster today. Bloomberg discharged its week after week stock information desires.

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Crude Oil costs yesterday drooped foreseeing additional pumping exercises by the OPEC majors. MCX raw petroleum for May contract drooped by 2%, enlisting at Rs. 2878/bbl.

Monday, 25 April 2016

Best Commodity Trading Tips Provided by Marketmagnify

Gold costs are exchanging close to the Friday's end level of $1230/ounce when it shut lower by more than 1.5 %, as the U.S. dollar rose to its most elevated amount against the yen in three weeks on after a report said the Bank of Japan is considering growing its negative rate arrangement to bank credits and could cut rates further at its two-day approach survey in this week.

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Gold imports declined by around 8% to $31.72 billion in 2015-16 because of feeble worldwide cost. India is the biggest merchant of gold on the planet ,with most request by the adornments portion. 

Silver costs cooled on Friday in the wake of testing new 11 month highs and shut lower by 1.11 % on COMEX. In information discharged Friday, the US streak fabricating PMI for April came in at 50.8, beneath the figure of 51.9 and under the past perusing of 51.5. Speculative stock investments and cash supervisors brought their bullish position up in COMEX silver contracts to a record high in the week to April 19 when costs surged to a 11-month top, U.S. Product Futures Trading Commission information appeared on Friday.

Base Metals Daily Updates for Investors

Base metals segment a week ago indicated positive pattern expecting expanded Chinese hunger in close term. On week after week premise, copper beat rest metals at MCX, while at LME, aluminum was the top entertainer.

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Base metal costs are liable to solidify today as the greater part of the Asian value markets are seeing some weight. The recuperation in the dollar is likewise liable to put weight on the metals notwithstanding the US streak producing PMI for April additionally came in at 50.8, beneath the estimate of 51.9 and under the past perusing of 51.5.

Friday, 22 April 2016

Best Commodity Tips and News Provided by Marketmagnify

Gold inched down as the ECB held interest rates steady at a highly-anticipated meeting, while hinting that rates could be cut again in the short-term future.

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Silver slipped sharply from an 11-month peak on Thursday as a rebound in the dollar prompted traders to cash in earlier gains.

Crude oil prices fell as Russia and major producers in the Organization of the Petroleum Exporting Countries indicated they will raise output.

Copper gained boosted by rising expectations of improving demand growth from China after a string of stronger economic data from the top consumer.

Zinc prices ended with losses due to profit booking amid a strengthening dollar Pulses.

Nickel prices dropped tracking LME prices due to profit booking after gaining earlier due to improving technical Spices outlook.

Thursday, 21 April 2016

Today's NCDEX Oil & Oilseeds Updates

As per Soybean Processors Association of India (SOPA), carry forward stocks of soybean in India for 2015-16 is at 4.8 Lakh MT against 6.12 Lakh in 2014-15.

The supplies have been steady at the domestic front however the prices may take cues from overseas soybean prices and trade higher. Meanwhile, the demand in domestic market is likely to be limited at higher levels.
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Gold Become Looser and Silver is best Gainers as Dollar

Gold held overnight misfortunes on Thursday, while silver steadied underneath a 11-month top as the dollar solidified against the euro and values crept higher. 

Spot gold was minimal changed at USD 1,243.90 an ounce by 0046 GMT, in the wake of dropping 0.5 percent in the past session.

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US gold fates facilitated 0.6 percent to USD 1,246, making up for lost time with moves in the spot market. 

Spot silver steadied at USD 16.94 an ounce. It rose to a 11-month high of USD 17.23 on Wednesday, however surrendered increases to close the session level. 

Silver has beated different valuable metals as of late, aided by an achievement graph resistance at its late October high on Tuesday and expanding positive thinking about China. Silver has more mechanical use than alternate valuable metals. 

Bullion dealers will be looking at the ECB meeting later in the session for any effect on the dollar. The ECB is not anticipated that would roll out any strategy improvement at its rate-setting meeting on Thursday.

Wednesday, 20 April 2016

Now India Generate Total 6,763 mw Solar Power Report Says

India added near 3,019 mw of lattice associated sunlight based force era limit in 2015-16, which is well over its objective of 2,000 mw for the financial. India's aggregate sunlight based force era limit touched 6,763 mw as on March 31, 2016, as indicated by the most recent redesign on advancement on clean vitality activities.

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The tendering of more than 21,000 mw of sunlight based force era limit has as of now been finished amid the last monetary, with the point of around 20,000 mw of introduced creation limit from this renewable source by this financial end.

So also, India included 3,300 mw of wind force era limit last monetary as against the targetted 2,400 mw, raising the aggregate wind power ability to 26,744 mw as on March 31. Little hydro ventures (up to 25 mw) included 219 mw last financial against the objective of 250 mw. The aggregate limit of such tasks in the nation remained at 4,274 mw as of March-end.

With respect to biogas ventures, India was on focus as it included 400 mw in 2015-16, taking the aggregate ability to 4,831 mw as on March 31. Be that as it may, no advancement has been recorded on waste to power ventures as India did not include any limit in this fragment against the objective of 10 mw.

The aggregate introduced limit in the section peruses 115 mw. Against the targetted limit option of 5,060 mw from clean sources, India included 6,937 mw last financial, raising the aggregate lattice associated clean vitality ability to 42,728 mw as on March 31.

Tuesday, 19 April 2016

Is Tesla Car End of Oil Requirement, its $10 Billion Orders in 36 Hours

Envision a future where all autos keep running on power. You never need to re-fuel since you basically have sun powered cells on the top of your auto which get charged each time the sun sparkles. Notwithstanding this there are no dangerous outflows and life is brilliant.

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I trust this is surely going to happen and Tesla's Model 3 is a planting a seed in that course. The organization got requests of an astounding $ 10 billion in scarcely 36 hours. 

This is a first in the historical backdrop of vehicles and this is a sign things are moving in the correct course. Before long electric autos will get to be less expensive and running them will be free. Power rates will keep falling as sun oriented innovation enhances and in the long run there will be a world with endless vitality and force which is free and non-contaminating. 

We will have production lines, commercial ventures and homes that will all be fueled by the sun. What's more, when a wonder such as this happens, the interest for oil will be over. We are as of now in reality as we know it where the supply for oil is substantially more than the interest - and this is occurring despite the fact that sunlight based advancements are not being utilized on an everyday premise by a great many people.

Tesla and other vehicles organizations like Mahindra that has put resources into the Reva electric auto will most likely advantage later on. Other auto producers will likewise without a doubt need to move toward electric and afterward connect it up to sun powered vitality in the event that they need to contend. 

Will we in India for instance all of a sudden have the chance to spare the vitality from the sun in batteries and fare it to colder parts of Europe and to the Arctic? Then again will there be new administrations expected to ensure sun oriented cells are kept clean and in working condition? Alternately perhaps arrive costs in desolate treats will shoot up in view of the interest for laying out sun powered cells?

Monday, 18 April 2016

Daily Mcx Gold and Silver News provider

Gold rose by Rs 119 to Rs 29,282 for each ten gram in prospects exchanging today as examiners raised their wagers, following a firming incline abroad. 

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So also, the metal for conveyance in June was likewise exchanging higher by Rs 111, or 0.38 for every penny, to Rs 29,070 for each 10 grams in 593 parcels. Experts said examiners broadened their wagers, following a firming worldwide pattern as interest for place of refuge grabbed as the disappointment of talks among oil makers to top yield set off a selloff in rough and values, affected gold fates here. 

A week ago silver May contract saw a gigantic pick up and finished at 38507 picking up 5 %. Costs have precisely headed towards the quick high of 38600 and have settled quite recently beneath it.

Base Metals Prices & Analysis by Marketmagnify

Last week Zinc April contract price on MCX remained volatile and rose 6.10% to settle at 124.30. The prices have retraced till the 50% retracement of the overall fall from (154.35 - 96.65). A long bullish candle on weekly chart is showing good amount of strength in the counter.

In the coming session if it manages to surpass and holds above 125.50 then further rise can be seen till 132.10 i.e. 61.8% retracement of the same range.
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Latest Price & Updates for Crude Oil and Natural Gas

For second successive week Crude oil May contract costs cited higher and surpassed the past highs of 2884, yet neglected to hold above it lastly settled at 2805. Neglecting to hold over the past tops and framing a twofold top is showing a minor remedy in coming nsession. 

In any case, the general pattern is still bullish and plunges towards 2650 and lower can be used for starting long positions.
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Saturday, 16 April 2016

Know About Goverment Sovereign Gold Bond Scheme For Investment

India goverment has propelled the Sovereign gold bond (SGB) plan as an other venture structure to physical gold. Financial specialists will get returns taking into account the overall gold cost. Since this is a bond, it can be held in demat or physical paper structure.

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Notable components of Sovereign Gold Bonds The residency of the bond is 8 years with way out choices toward the end of the fifth, sixth and seventh year. Bonds can be utilized as security for advances. Bonds will be exchanged on the trade in this manner giving financial specialists the chance to exit early. Bonds will convey sovereign assurance both on capital contributed and the hobby.

Why purchase SGB rather than physical gold? 
The amount of gold for which the financial specialist pays for is ensured because of the way that the SGB is ensured to get the continuous business sector cost at the season of
reclamation/untimely recovery. 

The SGB offers a better option than holding gold in physical structure since it liberates the financial specialist from bearing the dangers and expenses of capacity. Financial specialists are guaranteed of the business sector estimation of gold at the season of development and periodical interest.SGB is free from virtue issues and making charges which are brought about when gold is held in gems structure.

Friday, 15 April 2016

Don't wait Finally Some Good News For Oil in Commodity Market

We're at last seeing a glint of uplifting news for oil: worldwide creation has begun to back off. 

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As per information refered to in their graphs, worldwide oil generation has eased back to around 83 million barrels for each day in 2016, from around 84 million in mid-2015.

Generation obviously is not versatile anyplace for long," they composed. Notwithstanding, we ought to note that late information from the US Energy Information Administration demonstrates that aggregate world generation is up to 96.27 million barrels for every day in 2016, up from 95.76 million bpd in 2015. Information from the EIA demonstrates that the US now creates around 8.60 million barrels of raw petroleum every day in 2016, down from 9.43 million barrels of oil for each day in 2015.

Thursday, 14 April 2016

Only Gold is Investment Option, Some others Know Here

Indian speculators love gold. We put resources into gold by method for gold adornments, gold bars, gold coins, and such other physical gold. Indeed the affection for physical gold is appeared in the numbers for India's utilization of gold.

According to the World Gold Council, in spite of the fact that the yearly gold interest did not change much in 2015, Indian buyer request developed by 6% in Q4 2015. This was in spite of antagonistic climatic conditions in South India and frail country earnings in India. The inquiry in this way is "In what manner would it be a good idea for one to put resources into gold? Is physical gold better, or are there more reasonable and effective strategies to put resources into gold?

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Physical gold has its impediments, some of them being 
Immaculateness – The virtue of gold adornments , bars and coins is normally hard to build up, and hallmarking adds to costs. 

Safety and Storage – Owning lockers and getting to them is a repetitive procedure for speculators and again includes costs. 

Pricing– There is no straightforwardness in evaluating of physical gold as financial specialists are normally charged additional for making and different charges in the event of adornments, or when they buy gold coins from banks. 

Capital Gains Tax – Physical gold when held for a long time qualifies as a long haul resource and is exhausted at 20% with indexation. 

Resale esteem – Converting physical gold/adornments to money could include some disintegration in quality at the season of change, i.e. you may not get the full estimation of the gold at time of resale. 

Passing on to beneficiaries according to your will – Division of physical gold/Jewelry might be testing. Gold held as budgetary resources can be acquired by the assigned chosen one in this manner guaranteeing that it goes to the legitimate beneficiaries in the chose extent.

Wednesday, 13 April 2016

Best Commodity Market Tips for Mcx Gold and Silver

Gold facilitated underneath a three-week high on Wednesday as the dollar recovered some ground from the yen and values moved higher, yet the metal remained a most loved in the midst of vulnerabilities in the worldwide economy and timing of a US rate trek.

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Spot gold facilitated 0.1 percent to USD 1,254.10 an ounce by 0041 GMT, taking after a 1.4 percent overnight ascent. 

The metal bounced to a three-week high of USD 1,262.60 on Tuesday yet pared a few additions after the dollar fortified.

The US dollar bounced back against the place of refuge yen a day subsequent to hitting its most minimal level against the cash in approximately 18 months on more serious danger hankering from increases in value and oil costs.

Commodity Market Outlook for Natural Gas and Crude Oil

Oil costs sat down in Asia today after sharp picks up fuelled by reports of an assention between Saudi Arabia and Russia on solidifying yield in front of a key makers' meeting. 

Costs moved to their largest amounts this year yesterday, as reports Saudi Arabia and Russia had achieved an agreement helped desires of a more extensive arrangement amid Sunday's meeting in Doha. 

The meeting will unite OPEC individuals drove by Saudi Arabia and non-OPEC makers, for example, Russia, to examine how to facilitate an oil excess that has discouraged costs for almost two years.
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Tuesday, 12 April 2016

Commodity Market Outlook for Natural Gas and Crude Oil

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As per closing basis, WTI International posted gains around 1.60%, registering at $40.36/ bbl, whereas Brent crude oil gains were more than 2%, registering at $42.83/bbl

MCX crude oil posted gains around 1.60%, registering at Rs.2666/bbl.

NG prices yesterday showed sharp decline as the snow storm forecast over the eastern coast of the United States region faded away.

As per closing basis, NYMEX NG showed losses around 4%, registering at $1.912/ MMBTu, whereas MCX NG went down by around 4.60%, registering at Rs. 127.70/ MMBTu.

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Gold prices traded above $ 1259/ounce in early morning today as weak economic data and uncertainty over US monetary policy have sparked risk-averse sentiment in the market, underpinning the demand for safety assets such as gold.

 Assets in SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, fell 0.22 percent to 817.81 tonnes on Friday.

Silver prices led from the front and ended the session with almost 4 % gains on COMEX to close at $16/ounce. On MCX also the prices spurred to end the session higher 2.85% at Rs 37764/Kg.

The total known ETF holdings rose by .19 % to 63.79 Million Oz , while more importantly the gold- silver ratio fell sharply towards 79 from a reading of 82 where it was hovering in the previous week.
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Base Metals Daily Updates by MarketMagnify

Base metals sector yesterday showed some mixed move, having some initial support seeing declining dollar but later on upon concerns over China’s appetite the same slumped. 

At MCX every metal yesterday ended their day posting losses, whereas at LME, copper, nickel and zinc tried showing some tad gains. Yesterday, the Chinese CPI data was released, which was 2.30% against the forecasted 2.40% and previously 2.30%. The PPI data continued its slowdown but the pace was less this time. China’s Premier also mentioned of some positive signs from their economy but the downward pressure still persists.
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Monday, 11 April 2016

Today's NCDEX Oil & Oilseeds updates

For today, we expect the prices to trade moderately higher tracking positive cues from international prices. The supplies are declining at the domestic market it may support prices. In CBOT, Soybean future prices are likely to trade on a positive note today.

Conab cut its forecast for record soybean exports 2.5 percent to 55.4 million tons. That’s up 2 percent from last season.
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Best Commodity Market Tips for Mcx Gold and Silver

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Precious metals weakened on Friday as strength in equities prompted investors to cash in some of the previous day's gains, remaining on track for its biggest weekly rise in five weeks as the Federal Reserve remained cautious on U.S. interest rate increases.

SPDR Gold Trust GLD, the world's largest gold-backed exchangetraded fund, said its holdings stood at 817.81 down 1.79 tonnes, from previous business day.

Holdings of the largest silverbacked exchange-traded-fund (ETF), New York's iShares Silver Trust SLV, stood at 10455.48 up 44.39 tonnes, from previous business day.

Commodity Market Outlook for Natural Gas and Crude Oil

Crude oil prices rose more than 6 percent on Friday to end with the biggest weekly gain in a month as drawdowns in U.S. crude stockpiles fed hopes that a punishing global oversupply may be approaching a tipping point after nearly two years.

Iran is exporting around 350,000 barrels of crude oil a day to India and hopes to increase this number, Oil Minister Bijan Zanganeh was quoted as saying on Saturday after meeting Indian counterpart Dharmendra Pradhan.
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Base Metals Daily Updates by MarketMagnify

Industrial metals prices stabilised in London on Friday, helped by a lower dollar, but still staged their biggest weekly loss since January on concerns about when demand will grow again and ample supply in China.

Malaysia will extend its ban on bauxite mining by another three months, effective April 15, in order to clear stockpiles and remove the risk of the aluminium-making  ingredient contaminating the country's rivers, the environment minister said on Friday.
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Friday, 8 April 2016

Today's NCDEX Oil & Oilseeds updates

On the domestic front, NCDEX May soybean contract edged up 0.14% to Rs. 4,179 per 100 kg, while the May rapeseed contract surged 2.12% to Rs. 4,525 per 100 kg on demand from stockists and millers. 

The NCDEX May soybean oil futures were 0.13% lower at Rs. 669.60 rupees per 10kg.

A drop in Malaysian Palm oil inventories lifted the prices of domestic oilseeds and edible oils. CPO price at MCX didn’t witness a major change as traders locked in profits ahead of the official data from Malaysia, due next week.
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Copper, Zinc and Base Metals Update by MarketMagnify

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LME copper prices are trading lower by 1.4 percent today at $4707/tonne as GFMS forecast a 150,000 mt surplus for both 2016 and 2017, as well as a fifth year of price declines. 

It also said the refined global copper market recorded a 363,000 mt surplus in 2015, up 41% from a 257,000 mt surplus in 2014. However, decline in LME stocks restricted sharp fall. On the 

MCX, copper prices plunged 1.6 percent trading at Rs.311.20 per kg in line with international trends.

Profitable Mcx Commodity Market News for Gold and Silver

Spot gold prices are trading higher today by 1.25 percent at $1236/oz while MCX gold prices are trading higher by 1.3 percent at Rs.29016 per 10 gms. Gold ticked up on Thursday after minutes from the Federal Reserve's last policy meeting showed caution over U.S. interest rates and the dollar slumped to fresh 17-month lows against the yen.

Minutes from the Fed's March 15-16 policy meeting released on Wednesday showed policymakers debated whether an interest rate hike would be needed in April, although a consensus emerged that risks from a global economic slowdown warranted a cautious approach.
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Commodity Natural Gas and Crude Oil Market Prices

WTI oil prices are trading lower today by 0.1 percent at $37.80 per barrel, while MCX oil prices are trading higher by 0.2 percent at Rs.2520 per barrel. Oil steadied at around $40 per barrel on Thursday as a surprise fall in U.S. inventories the previous day was offset by an increase in exports from Iraq, underlining global oversupply.

Oil exports from Iraq's southern ports have risen to an average of 3.494 million barrels per day (bpd) in April, an official from the state-run South Oil Company said on Thursday. This was above the 3.286 million bpd average for March.
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Thursday, 7 April 2016

Daily Rubber Market Commentary by Marketmagnify

Natural rubber in the major overseas market is seen trading in red on Thursday. TOCOM rubber futures inched lower for the second day today weighed down by strengthening yen. The benchmark September rubber futures on the exchange had rallied a seven-and –half month high last day before it fizzled-off to end lower. However, firm oil prices and concerns over production lend firm support.

Indian’s natural rubber production and imports falls sharply in February by 10 and 12 percent respectively according to the Rubber Board. The country imported 27280 tonnes and production stood at 37000 tonnes. Consumption declined as well by 1.0 per cent to 82500 tonnes.
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Today's NCDEX Oil & Oilseeds updates

As per Solvent Extractors Association, oil imports rose by 58.2% to 380,121 metric tonnes in the month of February. Soymeal exports in February declined a whopping 98% on year to just 1,127 tn due to subdued demand from key buyers, data from the Soybean Processors Association of India showed. The country had exported 64,515 tn soymeal a year ago.
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Profitable Mcx Commodity Market News for Gold and Silver

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Gold prices surged yesterday as the global growth uncertainties eclipsed the investor’s confidence. The weakness in the global equities and base metals turned investors towards safe havens like gold. Prices ended around $1230/ounce after rallying intraday towards $1236/ounce.

Silver prices gained by more than 1% at MCX to close the session at Rs 36082/Kg. Prices managed to give an intraday recovery however some profit booking was see at higher levels.

Commodity Natural Gas and Crude Oil Market Prices

Crude oil prices today during early morning session are showing sky-rocketing gains at both the benchmarks especially the WTI International. The API data released today showed huge drawdown in crude stocks, which could be for the first time since 7 weeks and for the third time in 2016.

MCX crude price slumped by 0.80%, registering at Rs.2380/bbl.

Natural Gas prices today during early morning session are still showing losses as the inventory expectations are not positive. Bloomberg’s survey suggests around 7 bcf NG injections for last week.

As per closing basis, NYMEX NG showed losses more than 2%, registering at $1.954/ MMBTu, whereas MCX NG moved down by around 3%, registering at Rs.129.90/ MMBTu.
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Copper, Zinc and Base Metals Update by MarketMagnify

Base metals yesterday showed some mixed move as the market is having an eye on the minutes of FED meeting due to be released today. As per closing basis, aluminum and zinc posted loss at MCX, while at LME, lead too joined the list.

Apart from this, as per the GFMS latest release, copper prices can move down below its January’s six and half years low levels on account of extra production despite of lack in demand. The global copper market this year shall remain in surplus by around 150,000 tonnes.
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Tuesday, 5 April 2016

NCDEX Maize Insight Report by MarketMagnify

For the day, maize futures are forecast to trade on a positive note on follow through buying. During the period from 27th March 2016 to 2nd April 2016, major maize producing regions of Bihar have witnessed a rainfall, which is hampering harvesting of the fresh crop and it is also affecting supplies of harvested crop.

According to USDA’s recent planting projections, U.S. corn planting is likely to rise by 6.4% Y/Y to 93.6 million acres in 2016 which is the 3 rd highest since 1944.
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Daily Sugar Price Review & Market Highlights

NCDEX sugar futures slumped on Friday on account of profit booking triggered by lowering on buying interest at higher prices level whereas weaker export prospects prompted speculators to cover their long positions. Most active sugar contract at NCDEX settled at Rs.3538/quintal on Friday, down by 2.70 % from the previous close. 

However, sugar prices showed mixed trade at Spot front as S grade and M graded rose by Rs.30 and Rs.25 respectively on Friday and traded at Rs.3570-3702 and Rs.3662 – 3882 per quintal at Vashi market.
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Commodity Natural Gas and Crude Oil Market Prices

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Crude oil prices today are running down at both the global benchmarks showing concerns over the rising supply levels. A week before or so, market was expecting some better results from the much awaited 17th April Doha meet, which was scheduled after the failure of Moscow meet.

MCX crude oil slumped around 4.20%, registering at Rs.2463/bbl.

NG prices today shall remain on positive note on account of unseasonable demand that came basically due to multi year low NG prices. As per study done by Association of American Railroads, due to multi year low NG prices, demand for coal has slumped by 6% already within 12 weeks of 2016.

As per Friday’s closing, NYMEX NG and MCX NG showed tad losses, registering at $1.956/ MMBTu and Rs.129.70/ MMBTu respectively.

Profitable Mcx Commodity Market News for Gold and Silver

Silver prices tumbled on Friday as the dollar recovered after the stronger than expected employment data from US. The prices ended at $15/ounce down 2.70% on COMEX while on MCX the day ended with losses of 2.26% with closing seen at Rs 35922/Kg. The gold- silver ration again jumped above 81 from sub 80 levels a day earlier.

                               Gold prices slipped on Friday after Nonfarm payrolls rose by 215,000 last month, higher than expectations of 205,000 suggesting that the US economy is on strong footing. The report supported the dollar that was trading near six month lows.
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Copper, Zinc and Base Metals Update by MarketMagnify

In this sector, copper, lead and nickel posted weekly losses both at MCX and LME, while zinc and aluminum showed significant gains. Copper is running down for the seventh straight session near its lowest in month as the anticipations for rate hike is likely to be soon on stronger US jobs data.

                                            Last week, some potential was seen by unexpected Chinese Manufacturing PMI, which came up for the first time since 9 months, but eventually failed to boost the metals over concerns of slowdown in the economy.
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Monday, 4 April 2016

Today's NCDEX Oil & Oilseeds updates

In NCDEX, Soybean April futures last Friday opened on a positive note and it traded higher for most part of the day

In Indore around 1800-2000 bags were reported with spot prices hovering in the range of Rs3930-4040/quintal. Soybeans crushed for crude oil was 4.64 million MT in Feb’16, compared to 4.81 million tons in Jan’16. Soyoil produced was 1.80 billion pounds down 4% from Jan’16.
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Daily Mcx Cotton Insight Report

MCX Cotton futures witnessed short covering triggered by emerging domestic demand of cotton in spot market. Similarly, heightening concerns over lower production amid slowing pace of arrivals also led to the smart recovery to cotton futures by end of the week. Most active cotton contract settled at Rs.16190/bales of 170kg each, higher by 1.76% from the previous close.

Cotton Association of India (CAI) has further revised its production estimates downwardly to 345 lakh bales in its latest forecast which were earlier estimated at 353 lakh bales. The projected Balance Sheet drawn by the CAI estimated total cotton supply for the season 2015-16 at 432.60 lakh bales while the domestic consumption is estimated at 304.00 lakh bales thus leaving an available surplus of 128.60 lakh bales.
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Profitable Mcx Commodity Market News for Gold and Silver

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In Mcx market Gold constantly down - 0.99% at 28466 since U.S. March payrolls information beat desires, alleviating a few fears about the U.S. economy and stirring hypothesis about the timing of likely loan cost climbs by the Federal Reserve this year. U.S. businesses included 215,000 employments in March.

The payrolls report appeared, against desires for 205,000. U.S. loan fee prospects recommended merchants are currently wagering the Fed will next raise rates when November, versus December in front of the report.

In fact now Gold is getting support at 28226 and beneath same could see a test of 27986 level, And resistance is presently liable to be seen at 28785, a move above could see costs testing 29104. 

Silver on MCX settled down - 2.26% at 35922 as an idealistic U.S. Walk occupations report flagged solid changes in the work market, likely pushing a June financing cost climb by the Federal Reserve back on the table. 

In fact now Silver is getting support at 35278 and beneath same could see a test of 34634 level, And resistance is currently prone to be seen at 36707, a move above could see costs testing 37492.

Commodity Natural Gas and Crude Oil Market Prices

Crudeoil on MCX settled down -4.24% at 2463 after a Saudi prince reportedly said the kingdom will not freeze output without Iran and other major producers doing so and data showed the global crude glut was likely to grow.

Technically now Crudeoil is getting support at 2424 and below same could see a test of 2385 level, And resistance is now likely to be seen at 2531, a move above could see prices testing 2599.
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