Wednesday, March 2, 2011

Commodity Free Trial Tips


Currently, Domestic commodities markets are trading with mix note. Two out of the four indices are showing upward trend on Multi Commodity Exchange (MCX) except MCXMETAL and MCXENERGY. At MCX futures, MCXCOMDEX is trading at 3,479.84 (up by 0.73%), MCXAGRI is trading at 2,902.85 (up by 6.74%), MCXENERGY is trading at 3,146.48 (down by 0.55%), and MCXMETAL is trading at 4,451.75 (down by 0.18%). (At 11:29 AM today).

At NCDEX, the Dhaanya, an agri commodity index, is currently trading at 1,153.68, up by 0.47% (At 11:25 AM today).

On the domestic front, Mentha oil futures dropped today as much as 0.69% to Rs. 1,066.30 per kg on Multi Commodity Exchange (MCX). It declined in the domestic market due to profits booking by the speculators at existing levels with weakening in spot demand. Moreover, an increased arrival from the major producing regions also put a downward pressure on menthe oil prices.

At Multi Commodity Exchange (MCX), mentha oil future for April contract is trading at Rs. 1,071.70 per kg, down by 0.20%, after opening at Rs. 1,068.10 against the previous close price of Rs. 1,073.80. It touched the intra-day low of Rs. 1,066.30 till the trading. (At 11:23 AM today).

The top gainers at MCX are Lead M for May contract (3.22%), Lead for May contract (3.17%), Copper for August contract (2.25%), Nickel for May contract (1.70%) and Zinc M for May contract (1.63%). (At 11:22 AM today).

The top losers at MCX are Mentha oil for May contract (-3.93%), Potato TRWR for March contract (-3.12%), Potato TRWR for April contract (-2.26%), Potato TRWR for May contract (-2.04%) and Irone ore for April contract (-1.24%). (At 11:20 AM today).

The top gainers at NCDEX are Chilli for June contract (1.9%), Guarseed for June contract (1.8%), Chilli for April contract (1.7%), Castor seed for May contract (1.6%) and Castor seed for April contract (1.6%). (At 11:18 AM today).

The top losers at NCDEX are Potato for September contract (-1.16%), Castor seed for June contract (-1.4%), Potato for June contract (-1.2%), Cotton seed oilcake for June contract (-1.1%) and Cotton seed oilcake for May contract (-0.8%). (At 11:16 AM today).

Potato futures are trading with negative note in the domestic market due to weaker demand in the spot market. March contract declined by Rs. 12.9, or 1.76%, to Rs. 718.70 per 100 kgs on Multi Commodity Exchange (MCX) due to increased arrivals from the producing regions in the spot market. Moreover, sluggish demand in the spot market also kept the prices in the negative zone today.

At Multi commodity Exchange (MCX), potato future for March contract is trading at Rs. 730.80 per 100 kgs, down by 0.11%, after opening at Rs. 729.00 against the previous close price of Rs. 731.60. It touched the intra-day low of Rs. 718.70 till the trading. (At 11:11 AM today).

Gold futures are trading with steady note in the domestic market as investors continued to monitor geo-political tensions in Libya and other Middle East nations. Any negative views could lift the gold prices higher as safe investment appeal in precious metals will rise. Gold for April future rose $3.8 to $1,413.7 per ounce on COMEX today due to fear of unrest, started from Egypt, may spread to other part of Middle East. Holdings in the SPDR gold trust dropped to 1,210.961 tons by February 28, 2011, lowest since mid-may last year.

At Multi Commodity Exchange (MCX), gold future for April contract is trading with flat note at Rs. 20,918.00 per 10 grams, down by 0.03%, after opening at Rs. 20,900.00 against the previous close price of Rs. 20,923.00. It touched the intra-day low of Rs. 20,895.00 till the trading. (At 11:10 AM today).

At COMEX, gold future for April contract is trading at $1,413.6 per ounce, up by $3.7, after opening at $1,411.6 against the previous close price of $1,409.9 per ounce. It touched the intra-day high of 1,414.2 with a business volume of 5,023 lots till the electronic trading. (At 11:09 AM today).

At Multi Commodity Exchange (MCX), silver future for March contract is trading at Rs. 49,808.00 per kg, down by 0.08%, after opening at Rs. 50,000.00 against the previous close price of Rs. 49,850.00 per kg. It touched the intra-day low of Rs. 49,776.00 till the trading. (At 11:07 AM today).


At Multi Commodity Exchange (MCX), natural gas future for March contract is trading at Rs. 184.10 per mmBtu, down by 0.86%, after opening at Rs. 185.50 against the previous close price of Rs. 185.70 per mmBtu. It touched the intra-day low of Rs. 183.70 till the trading. (At 11:06 AM today).

Copper for April contract, at MCX, is trading at Rs. 449.05 per kg (down by 0.50%) after opening at Rs. 450.45 against the previous close price of Rs. 451.30 with intra-day low of Rs. 448.10 till the trading. (At 11:05 AM today).

At Multi Commodity Exchange (MCX), crude oil future for March contract is trading at Rs. 4,417.00 per barrel, down by 0.61%, after opening at Rs. 4,440.00 against the previous close price of Rs. 4,444.00. It touched the intra-day low of Rs. 4,410.00 till the trading. (At 11:04 AM today).

One Response so far.

  1. Anonymous says:

    Nice post thanks for this.I always search such type of topics.The way you tell about things is amazing,they are inspiring and helpful.Thanks for sharing your thoughts

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