Monday, August 29, 2011

MCX Commodity Market Updates & News Today

The Multi Commodity Exchange (MCX), COMDEX is trading down by 30.16 points, or 0.84%, at 3,562.54 after opening at 3,590.98. MCXMETAL is trading downward by 69.73 points, or 1.37%, at 5,017.49 after opening at 5,054.00. MCXENERGY is trading down by 9.13 points, or 0.32%, at 2,801.84 after opening at 2,806.50. MCXAGRI is trading up 0.89 points, or 0.03%, at 2,886.56 after opening at 2,885.97.

Spot gold prices
declined 0.7% to $1,815.16 an ounce on the Comex division of the New York Mercantile Exchange. Copper futures for December delivery slipped 0.05% to $4.115 per lb on the Comex metals division of the New York Mercantile Exchange. Benchmark crude for October delivery rose 11 cents to $85.48 a barrel on the New York Mercantile Exchange. In London, Brent crude for October delivery eased 0.45 cents to $110.91 a barrel on the ICE Futures exchange.

NYMEX crude rose 3.8% last week marking its first gain in five weeks. 
Crude oil rose last week amid rally in US equity markets and weakness in the US dollar. 
Crude oil speculators raised net long position for the first time in four weeks. 
NYMEX natural gas fell 0.2% last week marking its second weekly decline. 
Natural gas fell last week amid mild weather forecasts and lack of storm threat.
Natural gas speculators raised net short position for the fourth consecutive week.