Friday, May 18, 2012

MCX NCDEX Tips, Copper Updates, Gold and Silver Tips 18 May 2012

Precious metals (gold and silver) are trading higher on MCX Commodity market today. We expect prices to trade higher for the day. All base metals are trading on a positive note today. We expect prices to trade higher for the day. Crude oil is trading lower on MCX today. We expect prices to trade lower on account of
worries over the global demand growth for oil.

NCDEX Agri Commodity Market Tips and Updates:
Pepper futures prices are projected to witness volatile movement du to lack of active trade participation. Turmeric prices are expected to continue the positive trend on back of limited supplies coming at spot front. Jeera futures prices are projected to recover from earlier losses supported by prevailing firm trend on good demand from local traders and exporters. Cardamom prices might witness decent corrections in coming session on back on profit booking at higher levels.

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