Brent Crude Flat Gold Trading Marginally Lower | Today Commodity Market News Outlook 01 June 2018.

Commodity Opening Bell 

Bullion - Opens on negative Note Gold -30700-30740 Silver - 39700-39750 

Energy - Opens on negative Note Crude Oil - 4502-4505 Natural Gas - 199-199.10 

Base Metals - Opens on negative Note Copper -456-456.50 Nickel - 1030-1029 Lead -165.30-165.60 Zinc - 209.70-209.90 Aluminium -155.50-155.60



MCX Gold prices edged higher in evening trades on Thursday after U.S. economic data but overall prices are still in pressure. On the daily chart, Gold has given breakdown of rising wedge pattern; which indicate bearish reversal for near term.

MCX Silver prices traded range bound on Thursday session. On the daily chart, price has been falling down from last couple of days.

MCX Copper has traded sideways on Thursday. On the daily chart, price has given rising channel breakdown and sustained below it; which indicate bearish sentiments in the counter.

MCX ZINC price has noted correction on Thursday due to expiry movement. On the daily chart, price has pulled back after taking a support at lower Bollinger band and 21 days SMA; which indicate further buying in the counter for near term. 

Oil prices rebounded on Thursday as crude oil inventories fell by 3.620 million barrels in the week ended May 25. On daily chart MCX Price has given rising channel breakdown and sustained below it 

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