Expect Brent Crude To Be in $63-67 Per Barrel Range | Today Commodity Market News Outlook 02 APRIL 2018.

Commodity Opening Bell
Bullion - Opens on positive Note Gold -30650-30670 Silver -38450-38500

Energy - Opens on mixed Note Crude Oil - 4241-4245 Natural Gas -178.30-178.50

Base Metals - Opens on positive Note Copper -439-439.50 Nickel -875-880 Lead -157.20-157.50 Zinc - 214.50-215 Aluminium -131-130.80

Gold has slipped lower on Thursday after a long bullish moves as traders are cautious to carry a positions for long weekend due to uncertain conditions between the U.S and China.

On the daily chart, MCX Silver has formed “Symmetrical Triangle’’ formation; where price has retreated from the upper line of the formation, which suggest bearish movement for near term.

MCX Copper opened on positive note and traded sideways for the day.

On a weekly chart, MCX Aluminium has inclined below the rising trend line and sustained over there; which suggest bearishness in the counter.

MCX Crude oil price traded sideways on Thursday as the prospect of an extension to OPEC-led production cuts into next year provided support.


On a weekly chart, MCX Natural Gas price has been moving between two consecutive trend line; where prices has traded near the lower line and falling down from last two weeks after showing a small recovery.

0 comments:

Subscribe to: Post Comments (Atom)