Showing posts with label mcx crude oil tips. Show all posts
Showing posts with label mcx crude oil tips. Show all posts

Friday, 8 May 2015

CRUDE PALM OIL DECLINES BY 0.1% ON LOW DEMAND

Agri Commodity Tips ,  Commodity free tips  , Commodity intraday tips  , commodity free tips Crude palm oil prices eased by 0.11% to Rs 446.50 per 10 kg in futures trading today as participants indulged in reducing holdings due to lower demand in the spot market.
At the MCX Crude palm oil for delivery in May month weakened by 50 paise, or 0.11% to Rs 446.50 per 10 kg in business turnover of 75 lots.
Similarly, the oil for delivery in June contracts shed 40 paise, or 0.09% to Rs 449 per 10 kg in 72 lots.
Market analysts said offloading of positions by participants amid sluggish demand in the spot market against adequate supplies mainly led to a fall in crude palm oil futures.
Technically market is under short covering as market has witnessed drop in open interest by -2.49% to settled at 4621 while prices up 3.5 rupee, now CPO is getting support at 443.9 and below same could see a test of 440.9 level, and resistance is now likely to be seen at 450.2, a move above could see prices testing 453.5.
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Friday, 10 April 2015

MCX CRUDE PALM OIL FALLS BY 1.7% ON LOW DEMAND

Agri Commodity Tips , Best NCDEX Tips Provider , Agri Commodity Trading , Agri Trading Tips Continuing the dismal run for the fourth straight day, crude palm oil prices fell 1.69% to Rs 429.50 per 10 kg in futures trading today as speculators off-loaded positions because of a fall in demand in the spot market.
Besides, adequate stock position in the physical market following higher supplies from producing belts kept downward pressure on prices.
At MCX crude palm oil for delivery in May plummeted Rs 7.40, or 1.69%, to Rs 429.50 per 10 kg in business turnover of 665 lots.
Similarly, the oil for delivery in April contracts moved down Rs 6.30, or 1.45%, to Rs 428.90 per 10 kg in 681 lots.
The country managed to export 439,720 tons of palm and palm kernel oils to India, while 98,980 tons to China followed by 157,020 tons to Pakistan and 94,000 tons to Bangladesh. Technically market is under fresh selling as market has witnessed gain in open interest by 0.28% to settled at 3524 while prices down -2.4 rupee, now CPO is getting support at 434.9 and below same could see a test of 432.8 level, and resistance is now likely to be seen at 438.4, a move above could see prices testing 439.8.

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Friday, 27 March 2015

CRUDE PALM OIL FUTURES SLIDE 0.63% ON LOW DEMAND

Crude palm oil prices eased by 0.63 per cent to Rs 439.30 per 10 kg in futures trading today as speculators trimmed positions amid a weak trend at spot market on sluggish demand.
Besides, adequate stocks position in the physical market on higher supplies from producing belts put pressure on crude palm oil prices.
At the Multi Commodity Exchange, crude palm oil for delivery in April declined by Rs 2.80, or 0.63 per cent, to Rs 439.30 per 10 kg in a business turnover of 252 lots.
In a similar fashion, the oil for delivery in March shed Rs 2.10, or 0.48 per cent, to Rs 436 per 10 kg in 26 lots.
Crude palm Oil settled up by 0.02% at 442.1 on improvement in demand for the oil in export market following improved Malaysia palm oil export data.
Technically market is under fresh buying as market has witnessed gain in open interest by 2.45% to settled at 4549 while prices up 0.1 rupee, now CPO is getting support at 440.4 and below same could see a test of 438.8 level, and resistance is now likely to be seen at 444.9, a move above could see prices testing 447.8.
Get real time advice for Agri Commodity Tips , Best NCDEX Tips Provider , Agri Commodity Trading , Agri Trading Tips  and all market updates. For 2 Days Free Trial, please visit our site http://www.capitalstars.com Call at 0731-6790000, 6669900
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Friday, 13 February 2015

DAILY MCX NEWSLATTERS -13 FEB 2015

stock market , Commodity tips, comex , stock trading tips , Currency/Forex, Mcx gold , MCX Silver, Copper, mcx crude oil tips
BASE METAL
Copper prices rose on Thursday, as investors cheered reports of a cease-fire agreement between Russia and Ukraine. Russian President Vladimir Putin confirmed that acease fire deal with Ukraine starting February 15 had been reached, following months of violence. The U.S.dollar index, which measures the greenback's strength against a trade-weighted basket of six major currencies, went down. A weaker dollar boosts demand for base metals as an alternative investment and makes dollar-priced commodities cheaper for holders of other currencies. Market sentiment remained subdued after talks between Greece and European Union officials ended without an agreement, though both sides said there was still hope for a deal. Further talks are due to beheld next Monday.
CS COPPER (FEBRUARY) OVERVIEW:
TREND MIXED TO BULLISH
RESIST 2: 365|| RESIST 1: 361
SUP 1: 352.50||SUP 2: 347.50
STRATEGY: BUY ON DIPS
BULLION
GOLD moved higher in COMEX on Thursday on a weaker dollar and data showing the U.S. economic recovery remains fragile. The dollar eased against a basket of international currencies, giving gold prices a boost. Gold advanced further after two reports showed the U.S. continues to encounter potholes on the road to recovery. In a worrisome signal of weak consumers pending, January retail sales fell 0.8%. In addition, initial jobless claims, a measure of layoffs, rose by 25K to a seasonally adjusted 304K in the weekended Feb. 7. Investors also continue to watch Greece and Ukraine. Eurozone officials are wrangling over Greece's debt problems, while Ukraine peace talks yielded a cease-fire deal with Russia-backed separatists.
CS GOLD (APRIL) OVERVIEW:
TREND MIXED TO BEARISH
RESIST 2:26900||RESIST 1:26710
SUP1:26425||SUP2:26320
STRATEGY: SELL ON RISE
CS SILVER (MARCH) OVERVIEW:
TREND MIXED TO BEARISH
RESIST 2:37950||RESIST 1:37650
SUP1: 36925|| SUP2:36620
STRATEGY: SELL ON RISE
ENERGY
CRUDE OIL futures climbed on Thursday, arresting a two-session losing streak, as industry spending cuts and a weaker dollar spurred buying. The chief executive of Shell said supply might not be able to keep up with growing demand after oil companies slashed budgets following a near-halving of oil prices since June. U.S. crude reached $51.41 on Thursday before paring gains after oil services firm Gens cape reported a large build at the Cushing, Oklahoma, storage hub and delivery point for the U.S. crude contract. Traders pointed to a weaker dollar as boosting buying on Thursday, as the drop made dollar-priced commodities such as oil cheaper. Natural gas futures extended losses on Thursday, after data showed that U.S. natural gas supplies fell less than forecast last week, underlining concerns over weak demand.
CS CRUDE (FEBRUARY) OVERVIEW:    
TREND MIXED TO BULLISH
RESIST 2:3270||RESIST 1:3220
SUP1:3100||SUP2:3030
STRATEGY: BUY ON DIPS
CS NATURAL GAS (FEBRUARY) OVERVIEW:
TREND MIXED TO BEARISH
RESIST 2:185||RESIST 1:177
SUP1:164||SUP2:159
STRATEGY: SELL ON RISE
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Monday, 2 February 2015

MCX CRUDE OIL FUTURES JUMP TO Rs. 3,165 PER BARREL

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MCX Crude oil futures prices rose notably by 1.22% to Rs 3,165 per barrel today as speculators engaged in enlarging positions, tracking a firming trend in Asia.
On the MCX crude oil for delivery in March traded higher by Rs. 38 or 1.22 per cent higher at Rs. 3,165 per barrel with a business turnover of 263 lots.
Similarly, the oil for February delivery also moved up by Rs. 37 or 1.21 per cent to Rs. 3.090 per barrel with a business volume of 3,352 lots.
Meanwhile, West Texas Intermediate (WTI) crude prices for March delivery rose 37 cents to $49.94, while Brent crude for March gained 22 cents to $54.97 a barrel in late morning trade on the New York Mercantile Exchange.

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