Thursday, December 17, 2015

17 Dec : A Sharp Decline in Commodity Market | MCX Live Calls Today

The US Federal Reserve's decision to raise interest rates after the sharp decline in the commodity market. Commodity Market opened down 1 percent on Thursday. Comaks Gold prices fell nearly 1 percent has come down to $1,070. Also silver is at $14 a 0.8 percent fall. Is too weak trend in international crude oil. Nymex WTI crude at around $355 seems, to $37.25, while Brent crude has arrived.

The decline in gold and silver :

Impact of the US Federal Reserve to raise interest rates on domestic markets is also being seen. MCX Gold in the domestic market declined by 0.75 percent to Rs 25,300 is trading down. MCX Silver also looks around 1 per cent to Rs 34,000. MCX crude oil slipped 0.5 percent to Rs 2,370 is trading down. However MCX Natural Gas with a gain of 0.5 percent to Rs 121.5 level is reached.

Agri commodities is also at fall :

Agri commodities futures on NCDEX coriander with 4 percent to Rs 8,760 arrived . Further weakness of 1 per gram , with December futures is trading below Rs 5,000 . December futures rose 0.3 percent on the NCDEX cotton meal is trading at Rs 1,890.

NCDEX Tips Today

MCX Live Calls Today :

SELL NCDEX Jeera Around 14560, Target:14277/14130, SL-14713
SELL MCX CrudeOil Around 2423,  Target:2330/2265, SL-2467

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