Saturday, 19 October 2013

Mcx commodity weekly report| GOLD, silver,crude oil news |future trend for 21 october

precious metal-
Whole week trend in gold was looking volatile, on Monday when market was open showed bearish movement but when it reach to be ending side recover their future value.weekly trend closed in negative side,white metal fluctuate but last closed shows positive note.

Base metal-
Copper and nickel has showed a trimmed out value for future recover Thursday because china's GDP strong these affect London metal exchange so LME become strong in commodity value.
Last close of nickel was 869.30,copper leaded 1.20 points ended at 448.80.

Energy and oil seeds-
Crude oil trend not gained too much in last week trend, some up and down moves makes its position fluctuated but it stand like a poll . The last close was 6192 rs with upward move of 49 rs per barrel price.

Monday mcx commodity prediction :

precious open down and may reflect for whole day trend

Base metal trend decrease but down to earth very quickly

crude open positive trend bullish for the day

cotton bullish ..trend fluctuate

mentha oil shows consolidate trend

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