Precious Metals
DAILY BUZZ
GOLD
Gold futures were trading higher in the domestic market on Wednesday as investors and speculators booked fresh positions in the precious metal tracking positive cues from overseas markets as rising tensions in Ukraine boosted the safe haven demand for the bullion, while hopes rose of a pickup in demand from China, the world’s biggest gold consumer. Ukraine’s President asked security forces to step up an offensive against militants as the weekend’s pact with Russia to ease tensions nearly collapsed. Gold futures for June 2014 contract, at MCX, is trading at Rs. 28,733 per 10 grams, up by 0.47 per cent, after opening at Rs. 28,645, against the previous closing price of Rs 28,599. It touched an intra-day high of Rs 28,750.
Base Metals & Energy
DAILY BUZZ
COPPER
Copper futures were trading flat in the domestic market on Wednesday as investors and speculators stayed cautious over booking fresh positions in the industrial metal as the fourth straight contraction in manufacturing activity in China, the world’s biggest metals consumer, clouded the demand outlook for industrial metals. The HSBC China preliminary manufacturing gauge stood at 48.3 this month, with a reading below 50 signaling contraction. At the MCX, copper futures for April 2014 contract is trading at Rs. 411 per 1 kg, unchanged, after opening at Rs. 410, against the previous closing price of Rs. 411. It touched an intra-day low of Rs. 410
CRUDE OIL
Crude oil futures were trading on a flat note in the domestic market on Wednesday as investors and speculators were cautious over booking fresh positions in the energy commodity ahead of the weekly EIA supplies data which may show that US crude oil stockpiles rose for the 13th time in 14 weeks, signaling weak demand for the fuel in the world’s biggest crude oil consumer. Manufacturing in China shrank for a fourth month on the trot in April, signaling deepening concerns over the health of the world’s second biggest economy, dimming the demand outlook for the fuel. The HSBC China preliminary manufacturing gauge stood at 48.3 this month, with a reading below 50 signaling contraction. At the MCX, Crude Oil futures, for the May 2014 contract, is trading at Rs 6,225 per barrel, unchanged, after opening at Rs 6,203, against a previous close of Rs 6,225. It touched an intra-day low of Rs 6,203.
Register yourself for free Comex Tips , Equity Tips , Free Nifty Tips, Nifty Option Tips, Stock Option Tips, Stock Options Tips, Nifty Options Tips , Share Tips , Free Ncdex Tips , Free Mcx Tips , Free Commodity Tips, Domestic Forex Tips , Nifty Options Calls , Mcx Bullion Tips , Bank Nifty Tips , Mcx Gold Tips , Mcx Crude Tips , Comex Silver Trading Tips .
click here to get free trial http://www.researchvia.com/free-trials/ or reply your no. along with your trading segment.
DAILY BUZZ
GOLD
Gold futures were trading higher in the domestic market on Wednesday as investors and speculators booked fresh positions in the precious metal tracking positive cues from overseas markets as rising tensions in Ukraine boosted the safe haven demand for the bullion, while hopes rose of a pickup in demand from China, the world’s biggest gold consumer. Ukraine’s President asked security forces to step up an offensive against militants as the weekend’s pact with Russia to ease tensions nearly collapsed. Gold futures for June 2014 contract, at MCX, is trading at Rs. 28,733 per 10 grams, up by 0.47 per cent, after opening at Rs. 28,645, against the previous closing price of Rs 28,599. It touched an intra-day high of Rs 28,750.
Base Metals & Energy
DAILY BUZZ
COPPER
Copper futures were trading flat in the domestic market on Wednesday as investors and speculators stayed cautious over booking fresh positions in the industrial metal as the fourth straight contraction in manufacturing activity in China, the world’s biggest metals consumer, clouded the demand outlook for industrial metals. The HSBC China preliminary manufacturing gauge stood at 48.3 this month, with a reading below 50 signaling contraction. At the MCX, copper futures for April 2014 contract is trading at Rs. 411 per 1 kg, unchanged, after opening at Rs. 410, against the previous closing price of Rs. 411. It touched an intra-day low of Rs. 410
CRUDE OIL
Crude oil futures were trading on a flat note in the domestic market on Wednesday as investors and speculators were cautious over booking fresh positions in the energy commodity ahead of the weekly EIA supplies data which may show that US crude oil stockpiles rose for the 13th time in 14 weeks, signaling weak demand for the fuel in the world’s biggest crude oil consumer. Manufacturing in China shrank for a fourth month on the trot in April, signaling deepening concerns over the health of the world’s second biggest economy, dimming the demand outlook for the fuel. The HSBC China preliminary manufacturing gauge stood at 48.3 this month, with a reading below 50 signaling contraction. At the MCX, Crude Oil futures, for the May 2014 contract, is trading at Rs 6,225 per barrel, unchanged, after opening at Rs 6,203, against a previous close of Rs 6,225. It touched an intra-day low of Rs 6,203.
Register yourself for free Comex Tips , Equity Tips , Free Nifty Tips, Nifty Option Tips, Stock Option Tips, Stock Options Tips, Nifty Options Tips , Share Tips , Free Ncdex Tips , Free Mcx Tips , Free Commodity Tips, Domestic Forex Tips , Nifty Options Calls , Mcx Bullion Tips , Bank Nifty Tips , Mcx Gold Tips , Mcx Crude Tips , Comex Silver Trading Tips .
click here to get free trial http://www.researchvia.com/free-trials/ or reply your no. along with your trading segment.