Sureshot mcx Tips Commodity Trading News

At MCX, crude future for March contract closed on Saturday at Rs. 4,548.00, down by 0.24%, after opening at Rs. 4,560.00 against the previous close price of Rs. 4,559.00 per barrel. It touched the intra-day low of Rs. 4,543.00 with a business volume of 2,735 lots..

Crude oil for April future, at NYMEX, closed on Friday at $ 101.16 per barrel, down by $ 1.54, after opening at $ 102.64 against the previous close price of $ 102.70. It touched the intra-day low of $ 99.01 with a business volume of 309,906 lots.

On Saturday, The top gainers at MCX were Kapas for April contract (4.00%), Mentha oil for March contract (1.57%), Iron ore for April contract (1.26%), Refined soya oil for April contract (1.00%), Refined soya oil for May contract (0.71%).

Similarly the top losers at MCX were Wheat for April contract (-3.00%), Potato TRWR for April contract (-3.00%), Cardamom for March contract (-2.60%), Potato for May contract (-2.38%), Potato TRWR for May contract (-2.27%).

Moreover, the gainers at NCDEX were Kapas for April contract (4.00%), Castor seed for March contract (2.7%), Castor seed for April contract (2.4%), Cotton seed oilcake for March contract (2.2%) and Cotton seed oilcake for April contract (2.2%).

The top losers at NCDEX were Potato for July contract (-4.00%), Potato for June contract (-3.5%), Potato for May contract (-3.2%), Potato for April Contract (-3.1%) and Coriander June contract (-3.00%).

The top traded commodities in terms of quantity were Silver M for April contract with 8,900 lots, Silver MIC for April contract with 5,332 lots, Silver for May contract with 4,535 lots, Copper for April contract with 4,150 lots and Gold M for April contract with 2,970 lots.

Cardamom futures dropped in the domestic market due to profits booking by the speculators amid weakening in spot demand. March future declined as much as 4% to Rs. 1,024.90 per kg on the Multi Commodity Exchange (MCX) on Saturday. Moreover, increased arrivals from major producing regions also put a downward pressure on the cardamom futures prices.

At Multi Commodity Exchnage (MCX), cardamom future for March contract closed at Rs. 1,036.70 per kg after opening at 1,040.10 against the previous close price of Rs. 1,067.60 per kg. It touched the intra-day low of Rs. 1,024.90 per kg.

Copper futures rose with a little changed in the domestic market on Saturday as global markets were closed for weekly holiday. Domestic futures prices closed with positive note due to strengthening of global economy that boosted the demand for the metals which is mainly used in building and electricity transmission grids. On Friday, The U.S. Census Bureau reported that U.S. retail sales increased to 1% in February, most in four months, from 0.3% in January. Moreover, increased industrial demand for metals also kept the copper futures prices in positive zone on Saturday.

At MCX, copper future for April contract closed at Rs. 423.60 per kg, up by 0.36%, after opening at Rs. 422.70 against the previous close price of Rs. 422.05.

Natural gas for March contract closed at Rs 176.20 per mmBtu after opening at Rs 176.70 against the previous close price of Rs. 176.70. It touched the intra-day low of 176.00 with a business volume of 541 lots.

At MCX, Gold Future for April contract closed on Saturday at Rs 20,974.00 per 10 grams, up by 0.08%, after opening at Rs 20,955.00 against the previous close price of Rs. 20,957.00. It touched the intra-day high of Rs. 20,979.00 per 10 grams with a business volume of 2,238 lots.

At COMEX, gold future for April contract closed on Friday at $ 1,421.8 per ounce, up by $ 9.3, after opening at $ 1,411.8 against the previous close price of $ 1,412.5 per ounce. It touched the intra-day high of 1,424.6 with a business volume of 204,144 lots.

Silver for May contract closed at Rs 54,053.00, up by 0.02%, after opening at Rs 54,240.00 against the previous close price of Rs. 54,047.00. It touched the intra-day high of Rs. 54,244.00 with a business volume of 4,535 lots.

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