Brent Crude Trades Above $70/bbl | Today Commodity Market News Outlook 11 April 2018.


Bullion - Opens on positive Note Gold -30940-30960 Silver -38730-38740 

Energy - Opens on positive Note Crude Oil - 4252-4255 Natural Gas -173-174 

Base Metals - Opens on mixed Note Copper -448.50-449 Nickel -886.50-887 Lead -155.50-155.60 Zinc - 211.30-211.50 Aluminium -144-144.30


MCX Gold prices closed up on Tuesday as China is considering devaluing the Yuan in order to gain an edge in the trade war. On the daily chart, MCX Gold has been trading between two consecutive trendline and treading in the rang of 30900-30500. 

MCX Silver price closed up on Tuesday. Overall, daily MCX Silver has formed “Symmetrical Triangle’’ formation; which is a indecisive in nature while global sentiment are positive for bullion.

MCX Copper prices closed up on Tuesday after a further cooling in trade tensions between the United States and China led to increased buying interest among investors.

MCX lead prices closed up on Tuesday, On the daily MCX lead has formed “Symmetrical Triangle’’ formation and trading in the rage of 158-151 only breakout of the range will decide the trend of the counter.

MCX Crude prices closed up on Tuesday as concerns grew over the impact on global growth from an intensifying trade dispute between the US & China, as well as increased US drilling activity.

MCX Natural Gas prices are struggling within a range bound momentum; where it is unable to break upper range of Rs.180 level while on downside Rs.162 level.


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