What Should Be Strategy in The Commodity Market Today Levels Update 07 MAY 2018.


Commodity Opening Bell
Bullion - Opens on positive Note Gold -31200-31250 Silver -39900-39950

Energy - Opens on positive Note Crude Oil - 4700-4750 Natural Gas -183.50-183

Base Metals - Opens on positive Note Copper -459-460 Nickel -935-398 Lead -156.10-156.40 Zinc - 206-206.75 Aluminium -159.50-159.80














This week the US can again impose economic sanctions on Iran and before that the stir in crude oil has increased. Nymex Crude has also gone beyond $ 70 now. Brent is trading above $ 75. It has gained about 1 per cent and its price is at the height of 3.5 years. The pressure on rupee has increased due to the rise in crude oil. Rupee has slipped to the lowest level of 15 months against the dollar. The price of 1 dollar has crossed Rs 67. The rupee has been trading with a decline of more than 0.25 percent.


On the other hand gold is also trading on the increase and its price is above $ 1315. While silver has climbed nearly 0.5 percent, it crossed the $ 16.5 mark. Today the London Metal Exchange is closed, but the base metal in China is strong and especially in Zinc, the recovery from the lower level of the last 9 months has come.

0 comments:

Subscribe to: Post Comments (Atom)