Posted by Swapnil Diwan on Tuesday, April 12, 2016
Dear Fellow Traders!!
Commodity markets have begun to return to the good days. In the first two months of fiscal year 2016, the turnover of commodity exchanges has increased about 17 per cent. After the fall of the last two years the turnover has been growing over the past two months.During these two months have a turnover of over Rs 11 lac crore and majority of the volume is of crude oil and Agri commodities. In the Energy segment, trading has been increased by 55 per cent, while the Agri commodities turnover has increased about 17 per cent. Although gold and silver turnover is declined by about 7 per cent.
Posted by Swapnil Diwan on Friday, October 10, 2014
Demand and Supply-
Posted by Swapnil Diwan on Saturday, June 28, 2014
Crude prices witnessed a downside on Friday as investors continued to book profit on their positions. On MCX side, crude made a low of 6350 after making the day high of 6410. Earlier, crude prices went up on the back of the concern of major supply disruptions stemming from the bloody Iraqi insurgency.
NYMEX oil futures is likely to find support at $105.03 a barrel, Thursday's low, and resistance at $107.50 a barrel, Tuesday's high.
On MCX, crude prices may go further down in coming week. However, Iraq concern would be the decisive factor for the trend of crude oil. Crude can find support near 6320-6300 while key resistance can be seen near 6460-6500. Day Traders are advised to buy crude on dips while investors are recommended to go long from upper levels for the targets of 6200-6000 in near future.