Commodity tips : Volatility in Mcx crude prices 25 Mar, 2016

Mcx oil prices have burst more than 50 per-cent from their 12-year lows since the Organisation of Petroleum Exporting Countries (Opec) floated the idea of a production freeze, increasing Brent up from around $27 a barrel and US(United States) crude from around $26.

The depreciation of the rupee by near 0.81 per-cent also supported the rise on the MCX. Opec kingpin Saudi Arabia & non-Opec producers led by Russia will meet on April 17th in Qatar capital Doha, aiming for the 1st world wide supply deal in around 15 years.

Read More : Mcx crude tips

Today Crude oil consolidates recovery 5 Feb, 2016

Mcx Crude oil futures advanced in the local market on yesterday as investors and traders booked fresh positions in the energy commodity amidst ongoing speculation of a near-term meeting between OPEC and non-OPEC producers to discuss a potential outcome cut in a bid to help combat ballooning supplies and quell market volatility.

Media reports emerged that Venezuela and 6-other oil producing countries are planning to hold an emergency meet of OPEC and non-OPEC members. Moreover, that list did not include Saudi Arabia, OPEC’s most significant & influential member, and whose participation in any such planned meeting is critical to the prospects of production cuts.

Traders shrugged off tepid US economic data which indicated uncertainty over the demand outlook for the fuel in the world’s largest gas consuming nation. The number of Americans who filed applications & seeking for unemployment benefits rose by 8,000 to 285,000 last week while factory orders fell the most in a year, plunging by 2.9 per-cent in Dec month.

MCX, February 2016 contract for Crude oil futures, closed at Rs 2,181 per barrel, up by 0.51 per cent, after unlocking at 2,187, against the previous close price of Rs 2,170. It attained an intraday high of Rs 2,278.

Today, crude oil futures drop for 3rd session on rising crude stocks 3 Feb

Mcx : Oil futures expanded losses into a 3rd session in Asian trade today, as U.S. crude stocks last week overflow to more than half a billion barrels and as Iran plans to increase exports from March month.

Brent for April delivery dropped down 25 cents to $32.47 a barrel as of 0204 GMT, after settling down $1.52, or 4.4 per-cent.

United States mcx crude , also known as West Texas Intermediate (WTI) , fell 27 cents to $29.61, after closing the previous trading session down $1.74, or 5.5 per-cent. Crude Oil prices are coming off again. Prices are going to zig-zag for a while," told by Tony Nunan, oil risk manager at Mitsubishi Corp in Tokyo.

Mcx Ncdex : Cardamom went down 0.96% 13 Jan, 2016

Mcx Ncdex : Prices of Cardamom fell down by 0.96 per-cent on today at the Multi Commodity Exchange (MCX) due to the adequate stocks availability in the physical market on account of higher supply from the producing belts of Chandausi in UP(Uttar Pradesh).

MCX : Cardamom futures for Jan 2016 contract were trading at Rs. 797 per kg, down by 0.96 per cent, after unlocking at Rs. 804.70 against the previous closing price of Rs. 804.70. It attained the intra-day low of Rs. 796.50 till the trading. 

Mcx Crude oil futures floating over 1.5 per-cent at the time of late morning trade in the local market on today as investors and speculators booked fresh positions in the energy commodity as a drop in US storage levels last week eased concerns over a global supply glut.

Click For Free Trial

Contact No. 9977785000

Mcx crude tips & updates for 12 Jan, 2016

Mcx crude tips for today : Prices of Crude oil fell down by 1.44 per cent on Tuesday It attained the intra-day low of Rs. 2,047 till the trading time.

Sell crude oil below 2057 Tgt 2037/2007/1967 SL 2082.

Mcx Ncdex Tips : SELL DHANIYA APRIL BELOW 7630 TGTS 7580/7510 SL 7680 

Ncdex Tips : DHANIYA HIT 1ST TGT 7580 LOW OF 7536 BOOK PART PROFIT

Click For FreeTrial

Contact No. 9977785000

Mcx Crude Tips : Prices of Oil approach 20% fall since 2016 starting

Today's Mcx crude tips & updates : Oil prices continued a constant dive early approaching a 20 per-cent drop since the beginning of the year as experts & traders struggling to cut their 2016 oil price forecasts & traders bet on further price falls.

U.S(United States) crude West Texas Intermediate (WTI) were trading at $31.15 per barrel at 0139 GMT, today, went down 26 cents from their last settlement & almost 19 per-cent lower than at the starting of the year. WTI has shed over 70 per-cent in value since the downturn began in mid-2014.

Brent crude futures fell down by 20 cents to $31.35 a barrel, their lowest since April 2004. Brent has fallen around 20 per-cent in January &, like wise WTI, went down on every day of trading so far current year.

Trading data concluded that managed short positions in WTI crude contracts, which would profit from a further fall down in prices.

Read More : Mcx crude tips

Mcx crude tips : Brent crude futures fell down today 7 Jan, 2016

 

Mcx crude tips for today : Brent crude futures fell down to a fresh 11-year low as a sliding yuan and an emergency halt in China's stock trading left Asian markets in a turmoil, while a huge supply overhang and near-record outcome levels also continued to drag on prices of oil.

Chinese currency "yuan" and an emergency halt in China's stock trading left Asian markets in a turmoil, while much supply overhang and near-record output levels also continued to drag on prices of oil.

Trading on its stock markets was shut down for the rest of the day, the 2nd time this week, and China's securities regulator intervened heavily by issuing rules to prohibit share sales by listed companies' major shareholders.

Read More : Mcx crude tips

Mcx crude oil edged high today 6 Jan, 2016

Mcx crude tips : Prices of Crude Oil edged high on today, regaining from near 11-year lows in the previous session as concerns over growing supply and rising stock levels outweighed tensions between key Middle East producers.

A rift between Iran & Saudi Arabia over the Saudi execution of a Shi'ite cleric failed to boost prices this week, as it appeared to put an end to speculation that OPEC members could agree production cuts to lift prices.

Crude oil for Feb delivery was 19 cents high at $36.16 a barrel at 0124 GMT, after sliding 79 cents in the last session. Brent crude prices went up by 18 cents at $36.60 a barrel, after ending down by 80 cents.


Click For Free Trial


Contact No. 9977785000

Mcx Crude Oil fell near to USD 37 29 Dec, 2015

Today, Crude Oil fell near to USD 37 a barrel on trading within sight of an 11-year low, pressured by excess supply that has more than halved prices since the downturn began in mid-2014.

US(United States) crude was trading below global benchmark Brent, having earlier in Dec risen to a premium for the 1st time in the whole year following the lifting of a 40-year-old ban on most US(United States) crude exports. Brent crude went down 85 cents at USD 37.04 a barrel at 1255 GMT.

It fell down to 35.98 USD, an 11-year low, today. US(United States) crude went down USD 1.16 at USD 36.94. Trading volume was lighter than normal due to a UK holiday. We estimate both prices to increase in next year, a short-term slip can't be excluded, due to persisting oversupplies, negative sentiment & powerfull downside momentum.

Read More : Mcx crude tips

Prices of crude prices fell on Monday 21 Dec, 2015

Prices of Brent crude fell down today to their weakest since 2008 on renewed worries over a global oil glut, with production around the whole world remaining at or near record highs and new supplies looming from Iran and the US(United States).

Brent futures fell down as low as $36.32 per barrel in overnight trading near 0000 GMT, the weakest since 2008, before edging back to $36.49 per barrel by 0203 GMT.
 

U.S. West Texas Intermediate (WTI) futures went  down by 20 cents at $34.53 per barrel and close to Friday's last week 2015 lows.

Click Here For Mcx crude tips

Mcx : Oil seeds Development Fund to boost domestic supply 15 Dec, 2015

The edible oil industry has endorsed the govt to increase the import duty on both crude & refined oil, along with setting aside a portion of the revenue earned to set up an Oilseeds Development Fund to increase native production.

The movement comes at a time when the native consumption is increasing at a rate of 8 per cent and the import on account of oil has crossed Rs 65,000 cr in the year ending Oct 31. In the current oil year that kicked off on Nov 1, the import bill is likely to be Rs 75,000 cr as India will have to import more since local production went down this kharif season.

India is going to import 155-160 lakh tonnes of edible oil current year, compared to 144 lakh tonnes the last time round. In Nov, the import went up 13 per-cent from a year ago. Present year, we have seen what has happened with pulses. There is sufficient supply of edible oil globally which is helping us meet our demand. But this situation may reverse anytime," said by chief operating officer of Adani Wilmar.

Read Other News :  Mcx copper tips

Due to US supply drop Crude Oil vanish over 1 % 10 Dec, 2015

Today, Crude oil futures plummeted over 1 per-cent in the native market while tumbling to a 6 year low in the overseas market as investors, observers and speculators regained to a heavy sell-off in the energy commodity amidst continued fears that a global oil glut may exacerbate due to the fallout of the OPEC’s decision to maintain production at high levels, and sluggish world wide growth of economy which may weaken requirement.

The OPEC past week voted to refrain from a cutback in production as the cartel aggressively battles to protect market share amidst high-cost producers.

In the mean time, US(United States) storage levels fell down for the 1st time in eleven weeks but remained at the highest level for this time of the year since 1930 and nearly 120 million barrels above the 5-year average, a sign that the market is flooded with oil.

MCX : December 2015 contract for Crude oil futures ended at Rs 2,496 per barrel, down by 1.27 per-cent, after opening at 2,559, in against with the previous close price of Rs 2,528. It attained an intraday low of Rs 2,478.

Read More : mcx crude tips

Crude Oil prices rise today 9 Dec, 2015

Crude prices went high on yesterday as Japan posted stronger than estimated machinery orders & China declared an easing of few import taxes, lending the market at least temporary support in an environment of general oversupply. U.S. crude futures were at $38.08 per barrel at 0209 GMT, up 57 cents from their last settlement. Internationally traded Brent futures were up around half a dollar at $40.74 a barrel.

Burgeoning crude oil inventories, amid strong world wide supplies, led to deep price declines in the previous two years. US crude oil inventories continued to lift up in 2015 contributing to the negative sentiment in crude oil market.

US crude inventories rose for the constant 10th week, increasing 1.2 m barrels in the week to Nov 27. Fall in prices of crude oil have led to high cost producers viz shale producers from US to reduce outcome. Moreover, fall in outcome from shale, in response to low prices, has been less than expectations of experts.
Read More : Mcx crude tips

Crude oil futures tanked around 4% 7 Dec, 2015

Crude oil futures tanked around 4 per-cent in the native market on Friday last week as investors and speculators resorted to heavy selling after the OPEC, the cartel that accounts for around 40 per-cent of world wide crude supplies, refused to curb production to alleviate a supply glut.

At vienna, Austria on Friday last week, the cartel ditched its idea of limiting outcome to control prices. Instead, the cartel went for a Saudi Arabia-led policy of pumping oil at continued high rates to squeeze out rivals including US shale drillers, to regain market shares.

The cartel set aside its daily production target of 30 million barrels each day, which many members had previously ignored as they were manufacturing close to 31.5 million barrels per day. OPEC has set a production target almost without fail since 1982.

The OPEC verdict overshadowed a 3rd straight drop in US rig count, which signaled lower US production, going ahead. Baker Hughes reported that the number of US rigs drilling for oil fell by 10 to 545 last week.

Strength in the US labour market bolstered hopes of a pickup in oil requirement in the world’s biggest oil consumer as US jobs data trumped expectations. The world’s largest economy contributed 211,000 jobs in November as the jobless rate stayed at over a seven-year low of 5 per-cent while October’s payrolls gain was upwardly revised to 298,000. Moreover, US trade gap widened 3.4 per-cent to US dollars 43.9 billion in September amidst weaker overseas sales.

Read More : Mcx crude tips

Crude oil prices climbs high today 04 Dec, 2015

 

Crude oil prices expanded gains on Friday, as the dollar slumped as compared to the euro, although market focus is fixed on an OPEC meeting in Vienna where the group is hope to reiterate its high output strategy.

U.S. crude was trading up 23 cents at $41.31 per barrel at 0343 GMT, while globally traded Brent went up 19 cents at $44.03. Both crude contracts settled up 3 per-cent on yesterday.

A 3 per-cent fall in the USD against the euro over the last 24 hours held sway over oil prices as the Organization of the Petroleum Exporting Countries (OPEC) is widely expected to maintain its outcome ceiling of 30 million barrels per day (bpd) at its policy meeting today.

Read Other News : Mcx copper tips

US crude hovers above $40, Crude tips for 3 Dec, 2015

Crude Updates : Today, US rough costs were suspend around $40, in the wake of falling more than 4 for every penny a day prior on a startling ascent in stockpiles, while Brent was weighed around worries that OPEC will keep its result roof unaltered.

Today, US unrefined was exchanging at $40.23 per barrel at 0300 GMT , up 29 pennies, yet went down about 14 for each penny since the begin of November month.

Universally exchanged Brent was up 23 pennies at $42.72. It finished at $42.49 on yesterday, the least since Walk 2009.

Inventories of US unrefined rose for a tenth straight week, climbing 1.2 million barrels, rather than investigators' desires of an abatement of 471,000 barrels, information from the United States Vitality Data Organization appeared on yesterday.

Read More : Mcx crude tips

Crude Oil sinked over 2 % 23 Nov, 2015

Today, Crude futures lost ground in early Asian trading, with US oil sinked over 2 per-cent on festering worries over a world wide supply surplus.

US crude's West Texas Intermediate (WTI) January contract had dropped 78 cents, or 1.86 percent, to $41.12 a barrel by 0340 GMT. It hit $40.96 a barrel earlier in the session, near levels seen on Friday before the US crude December contract expired.

Benchmark front-month Brent futures for January fell 47 cents, or 1.05 percent, to $44.19 a barrel, recovering from a session-low of $44.04. "The burden of carrying high United States crude oil inventories is large reports concluded.

"The markets would likely rebound only if they saw a fall in US crude inventories, while declining US crude output and seasonal requirement provide some support to oil at low prices.

Read More : Mcx crude tips

Due to US supplies strikes Natural Gas plunges, crude tips,20 Nov, 2015

Natural Gas Trading : NG futures plunged by nearly 2 per-cent in the native market on yesterday as investors, observers and speculators exited positions in the energy commodity as gas supplies reached a record high last week, raising concerns over a supply glut.

United States gas stockpiles elevated 15 billion cubic feet to an all-time high of 4 trillion cubic feet in the week ended November 13, 2015, the EIA told. The 5-year average injection for the same period was 30 billion cubic feet while stockpiles climbed 40 billion cubic feet in the same week a year ago.

However, total storage is 10.1 % high than a year-ago levels. At the MCX, Nov 2015 contract for Natural Gas futures ended at Rs 153.1 per mmBtu, went down by 1.8 %, after opening at Rs 155.1, in comparison to the previous closing price of Rs 155.9. It attained an intra-day low of Rs 152.6.

Read Other News : Mcx crude tips

Crude oil futures went down today, 19 Nov, 2015

Crude oil futures slided over 1 per-cent in the native market on Wednesday as investors & speculators exited positions in the energy commodity tracking a bearish trend in the overseas market as an eighth straight rise in US crude oil stockpiles last week aggravated fears over a global supply glut.

US Crude oil supplies climbed by 252,000 barrels to 487.3 million barrels in the week ended November 13, 2015. Crude oil stockpiles at Cushing, Oklahoma, the highest US oil storage hub in the US, elevated by 1.5 million barrels last week. Total US oil storage remains at levels unseen for this time of the year in atleast the last 80 years, a sign that the market is flooded with oil.

Housing starts in the US collapse in Oct month, indicating a weakening housing market recovery in the world’s largest economy, darkening the requirement outlook for the fuel. Starts fell 11 per-cent to a 1.06 million yearly rate in October month.

Oil may regained today as the sharp losses in recent sessions offers a good bargain buying opportunity in the fuel. At the MCX, Nov 2015 contract for Crude oil futures, closed at Rs 2,673 per barrel, down by 1.11 %, after opening at Rs 2,716, in against to the previous close price of Rs 2,703. It reached an intraday low of Rs 2,649.

Read More : Mcx crude tips

Cardamom prices rises by 0.20% , Agro updates for 18 Nov, 2015

Cardamom prices rose by 0.20 per cent on Wednesday at the Multi Commodity Exchange (MCX) on account of good buying support from both exporters & upcountry buyers and also on hopes of improved export demand. At MCX, Cardamom futures for Dec 2015 contract were trading at Rs 694.20 per kg, up by 0.20 per cent, after opening at Rs. 688.80 in against with the previous closing price of Rs. 69280. It reached the intra-day high of Rs. 696 till the time of  trade. (At morning today). Sentiment improved further as a result of firm demand in the market against prohibited arrivals from producing belts of Chandausi in Uttar Pradesh.

Kerala (70 per-cent), Karnataka (20 per-cent) & Tamil Nadu (10 per-cent) are the cardamom growing states in India while about 90 per-cent of the produce is consumed within the nation. The important markets for cardamom in our country are Vandanmendu, Bodinayakanur, Kumbum, Kumily, Thekkady & Pattiveeran Patti in Kerala.

Read More : Agri tips