Thursday, March 3, 2011

Best Trading Tips For Commodity


Currently, Domestic commodities markets are trading with positive note. All the indices are showing upward trend on Multi Commodity Exchange (commodity). At commodity futures, commodity comdex is trading at 3,531.61 (up by 0.30%), commmodity metal is trading at 4,495.85 (up by 0.17%),  commodity energy  is trading at 3,240.48 (up by 0.47%), and commodity agri is trading at 2,892.79 (up by 0.23%). (At 11:28 AM today).

At NCDEX, the Dhaanya, an agri commodity index, is currently trading at 1,146.78, down by 0.08% (At 11:26 AM today).

On the domestic market, gold futures are trading with steady note from their record high today on the back of tracking weak global cues. April future fell as much as 0.41% to $1,431.8 per ounce on the COMEX today as investors are watching for indications of tightening the monetary policy at European Central Bank (ECB) meeting later in the day. However, spreading political tensions in Middle East and North Africa nations remained bullish factor for the precious metal.

At Multi Commodity Exchange (commodity), gold future for April contract is trading with flat note at Rs. 21,159.00 per 10 grams, up by 0.03%, after opening at Rs. 21,111.00 against the previous close price of Rs. 21,152.00. It touched the intra-day low of Rs. 21,051.00 till the trading. (At 11:25 AM today).

At COMEX, gold future for April contract is trading at $1,436.0 per ounce, down by $1.7, after opening at $1,436.5 against the previous close price of $1,437.7 per ounce. It touched the intra-day low of 1,431.8 with a business volume of 5,999 lots till the electronic trading. (At 11:24 AM today).

At Multi Commodity Exchange (commodity), silver future for March contract is trading at Rs. 51,225.00 per kg, up by 0.39%, after opening at Rs. 50,651.00 against the previous close price of Rs. 51,026.00 per kg. It touched the intra-day high of Rs. 51,445.00 till the trading. (At 11:22 AM today).

The top gainers at MCX are Potato TRWR for April contract (1.83%), CPO for May contract (1.62%), CPO for April contract (1.53%), CPO for March contract (1.53%) and Lead for May contract (1.38%). (At 11:21 AM today).

The top losers at MCX are Iron ore for March contract (-3.83%), Iron ore for April contract (-3.35%), Cardamom for March contract (-2.21%), Cardamom for April contract (-2.14%) and Cardamom for May contract (-1.55%). (At 11:19 AM today).

The top gainers at NCDEX are Light sweet crude oil for April contract (1.6%), Pepper for May contract (1.6%), Pepper for June contract (1.6%), Pepper for July contract (1.6%) and Pepper for April contract (1.5%). (At 11:16 AM today).

The top losers at NCDEX are Potato for July contract (-3.00%), Jeera for March contract (-2.4%), Jeera for April contract (-2.4%), Jeera for May contract (-2.4%) and Castor seed for May contract (-2.1%). (At 11:14 AM today).

Mentha oil futures dropped today as much as 0.52% to Rs. 1,140.10 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 March contract is trading at Rs. 1,144.20 per kg, down by 0.20%, after opening at Rs. 1,146.90 against the previous close price of Rs. 1,146.50. It touched the intra-day low of Rs. 1,140.10 till the trading. (At 11:10 AM today).


Copper for April contract, at MCX, is trading at Rs. 450.95 per kg (up by 0.37%) after opening at Rs. 449.10 against the previous close price of Rs. 449.30 with intra-day high of Rs. 451.65 till the trading. (At 11:08 AM today).

At Multi Commodity Exchange (MCX), natural gas future for March contract is trading at Rs. 172.60 per mmBtu, down by 0.35%, after opening at Rs. 173.20 against the previous close price of Rs. 173.20 per mmBtu. It touched the intra-day low of Rs. 172.30 till the trading. (At 11:07 AM today).

At Multi Commodity Exchange (MCX), crude oil future for March contract is trading at Rs. 4,633.00 per barrel, up by 1.16%, after opening at Rs. 4,584.00 against the previous close price of Rs. 4,581.00. It touched the intra-day high of Rs. 4,635.00 till the trading. (At 11:02 AM today).

At NYMEX, crude oil future for April contract is trading at $102.45 per barrel, up by 22 cents, after opening at $102.39 against the previous close price of $102.23 per barrel. It touched the intra-day high of $102.94 with a business volume of 7,680 lots till the electronic trading. (At 11:00 AM today).

1 comment:

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