Mcx Commodity Market News : Morning Session - 21.9.2016
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Silver rises on firm global cues
21/09/2016 08:54
SILVER: UPTREND
Silver futures closed higher in the domestic market on Tuesday as traders built up fresh positions tracking a firm trend overseas. Market analysts said that fresh positions created by participants in line with a firm trend in precious metals in global markets ahead of policy meetings at the US Federal Reserve and the Bank of Japan this week, mainly influenced silver prices at the futures trade. At the MCX, silver futures for December 2016 contract closed at Rs 46,135 per kg, up by 0.20 per cent, after opening at Rs 46,189, against a previous close of Rs 46,041. It touched the intra-day high of Rs 46,245.
Crude oil dips on pipeline restart
21/09/2016 08:54
CRUDEOIL: DOWN TREND
Crude oil futures closed lower in the domestic market on Tuesday as traders weighed the possibility of a crude output deal following reports that Russia supports a one-year pact to stabilize prices. However, weekly data expected to show the first increase in U.S. crude supplies in three weeks and a substantial slide by gasoline futures, with a major gasoline pipeline expected to return to operation on Wednesday, kept prices in check. At the MCX, crude oil futures for September 2016 contract closed at Rs 2,956 per barrel, down by 0.14 per cent, after opening at Rs 2,950, against a previous close of Rs 2,960. It touched the intra-day low of Rs 2,907.
Gold up as investors await policy announcement
21/09/2016 08:53
GOLD: UPTREND
Gold futures closed higher in the domestic market on Tuesday as focus remained fixed on the dollar’s next move a day ahead of policy announcements from the U.S. Federal Reserve and Bank of Japan. Higher U.S. rates, or lower Japanese rates, are seen as dollar-supportive. That could undermine pricing for gold priced in greenbacks. At the MCX, gold futures for October 2016 contract ended at Rs 30,944 per 10 grams, up by 0.13 per cent, after opening at Rs 30,950, against a previous close of Rs 30,903. It touched the intra-day high of Rs 31,050.
Free Mcx Commodity Trend Update ( Call - 9094047040)
Click Here & Register To Get 2 days Trial Tips
Join Our Whatsapp No : 9841986753
Keep Refresh for Fresh Tips
Silver rises on firm global cues
21/09/2016 08:54
SILVER: UPTREND
Silver futures closed higher in the domestic market on Tuesday as traders built up fresh positions tracking a firm trend overseas. Market analysts said that fresh positions created by participants in line with a firm trend in precious metals in global markets ahead of policy meetings at the US Federal Reserve and the Bank of Japan this week, mainly influenced silver prices at the futures trade. At the MCX, silver futures for December 2016 contract closed at Rs 46,135 per kg, up by 0.20 per cent, after opening at Rs 46,189, against a previous close of Rs 46,041. It touched the intra-day high of Rs 46,245.
Crude oil dips on pipeline restart
21/09/2016 08:54
CRUDEOIL: DOWN TREND
Crude oil futures closed lower in the domestic market on Tuesday as traders weighed the possibility of a crude output deal following reports that Russia supports a one-year pact to stabilize prices. However, weekly data expected to show the first increase in U.S. crude supplies in three weeks and a substantial slide by gasoline futures, with a major gasoline pipeline expected to return to operation on Wednesday, kept prices in check. At the MCX, crude oil futures for September 2016 contract closed at Rs 2,956 per barrel, down by 0.14 per cent, after opening at Rs 2,950, against a previous close of Rs 2,960. It touched the intra-day low of Rs 2,907.
Gold up as investors await policy announcement
21/09/2016 08:53
GOLD: UPTREND
Gold futures closed higher in the domestic market on Tuesday as focus remained fixed on the dollar’s next move a day ahead of policy announcements from the U.S. Federal Reserve and Bank of Japan. Higher U.S. rates, or lower Japanese rates, are seen as dollar-supportive. That could undermine pricing for gold priced in greenbacks. At the MCX, gold futures for October 2016 contract ended at Rs 30,944 per 10 grams, up by 0.13 per cent, after opening at Rs 30,950, against a previous close of Rs 30,903. It touched the intra-day high of Rs 31,050.
