Friday, November 25, 2011

MCX and NCDEX Commodity Market Updates

Yesterday again all products in MCX Commodity Market closed at negative prices. Today MCX Gold, Silver, Copper, Crude and other base metals are trading at negative prices. Only MCX naturalgas is trading at higher prices. MCX Silver open at high price at Rs. 55,000 but currently trading at negative price. MCX Copper, Aluminium, Zinc, Nickel, Lead Prices may note some decline tracking in domestic as well as international market. Support for November copper is seen at Rs.372 while resistance is seen at Rs.385. According to our Research Analysis report all are trading at lower prices for the day.

NCDEX Agri Commodity Updates:
Pepper futures may trade higher. Jeera futures may trade sideways & remain below 14,000 levels. Cardamom prices continued the downward journey and closed at negative price. Guar Seed: After taking a dip near 4400 prices resumed its broad bullishness in the last session.