Saturday, July 18, 2015

Commodity prices are expected to fall by 31% | Commodity Intraday Tips

Commodity for the year 2016 is going to be even worse. CRISIL report is released on the commodity. According to the report, 31 per cent decline in commodity prices in 2016 may come. Brent could fall to $ 45 in 2016. Growth in China is estimated to be the main cause of this decline will be in the position. According to the IMF estimates, forecasts that China does not have growth in commodities and especially crude oil next year could fall heavily.
Although, The fall in commodity prices benefits to IndiaCRISIL report a decline in crude prices in the country will help to overcome. But crude oil companies in profits of 25 per cent is hey. The decline in crude oil marketing companies will benefit. And next year, oil marketing companies gained Rs 2000-2500 is possible. CRISIL report Brent fell by $ 10 to Rs 6 per liter diesel will be cheaper.
Commodity Intraday Tips

Commodity Intraday Tips :

NCDEX Turmeric to trade sideways to Bullish, Short term support for NCDEX Turmeric July contract is seen at 7000 and resistance at 7850. Intra day support is seen at 7320 and resistance at 7430.

NCDEX Chana bullish; Short term support:4500 and resistance at 4670. Intra day support is seen at 4550 and resistance at 4590.

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