Drop In CrudeOil Continued for Third Day ; MCX NCDEX Tips

The Drop in CrudeOil Continued for the Third day. where as MCX Gold and MCX Silver is also fall.

Because of excess supply over demand, crude oil prices are under pressure. The Nymex and Brent crude oil is falling. Nymex crude oil fell by 1.81 percent is above 37 dollars a barrel. The price on Brent fell 0.74 percent to $37.33 a barrel, are traded. The impact of the decline in foreign exchange may be also seen on the domestic market and commodity exchange MCX crudeoil has been started with RED.

Gold at $ 1070 per ounce:

Gold remains subdued for the third consecutive day. The Comaks $ 1070 per ounce gold remains close. For the third consecutive year that gold will decline,while nearly 10 per cent annual decline. Silver also remains sluggish and it remains under $14. MCX Gold is at 25,182.00 with 52.00(+0.21%) points up trends. 

Agri Commodities at Drop : 

Castor seed NCDEX Agri commodities declined by 0.75 percent to Rs 3,780 is trading down. Also coriander 4 per cent to Rs 8110 has arrived. Gram also declined. With 0.6 per cent on MCX Aluminium has come down to Rs 100, while lead has weakened 0.25 percent and its price has fallen to Rs 114.7.

 

MCX NCDEX Calls Today :

Buy Soybean Jan above 3740 TGT 3790 SL 3709

SELL CRUDE OIL AT CMP-2480 SL 2517 TGT 2420