Category Archives: Crude Oil MCX Free Tips Today

Commodity: MCX, NCDEX Market and Trading Calls Prices

Crude oil Cardamom prices jumped by 0.64 % to Rs 945 per kg in futures trading on Monday since speculators made fresh positions due to pick-up in demand in the spot market. At the MCX, cardamom for delivery in far-month Dec has gone up by Rs 6, (+0.64%) to Rs 945 per kg in business turnover of 10 lots. Similarly, the spice for delivery in Nov traded higher by Rs 2.60, (+0.27 %) to Rs 958.90 per kg in 6 lots.

Crude palm oil futures: Crude palm oil prices drifted lower on muted demand, by 0.36 % to Rs 552.20 per 10 kg in futures market today as traders trimmed exposure along with easing demand in the spot market against sufficient stocks position. At the MCX, crude palm oil for delivery in Nov fell by Rs 2.00 (- 0.36 %) to Rs 552.20 per 10 kg in business turnover of 53 lots.

Chana futures: Chana prices has fallen by 0.39 % to Rs 4,882 per quintal in futures market as speculators booked profits at prevailing levels, supported by adequate stocks position at the spot market against low demand. At the NCDEX, chana for delivery in Dec fell by Rs 19, (-0.39 %) to Rs 4,882 per quintal with an open interest of 25,930 lots.

Crude Oil Stormy Boom Today@ Free MCX Crude Trading for Intraday

Crude oil has come a stormy storm. Brent’s price has gone up to the upper level of 2 years. Currently it is trading above $ 59. In the last 3 months, its price has jumped nearly 30 percent. At NYMax, crude is trading above $ 52, which is the upper level of the past 5 months. In fact, the World’s Crude Reserves are falling. OECD’s stock has fallen by nearly 40 percent, due to the drop in supply of OPEC. In such a situation, crude oil prices got support.

The Crude Oil on MCX is showing an increase of 0.7 percent & It is trading around Rs. 3427.

@ Sold MCX Crude for day trading october future below 3425 targets 3405, 3385 Stop loss 3447.

MCX Crude Prices Incrsed by Global market Support @ Buy Crude

Crude oil prices have been rising and Brent’s price is upwards of $ 55 in the global market. Indeed, in August, Saudi Arabia’s crude exports have come down. Although the production of shell Crude is estimated to increase in the US The pressure from the upper level has also started. Today, the rupee has a weak rupee against the dollar and the price of 1 dollar is upwards of 64 rupees.

Crude oil on MCX is looking bullish on chart and It is trading around Rs. 3200 with 0.2 percent weakness.

@ Buy MCX Crude Oil September future above 3200 targets 3225, 3250 Stop loss 3173.

Boom in crude oil due to cut production by US Energy Department @ Free MCX Daily Crude Tips

The US Energy Department has cut crude oil production estimates in the US. EIA has said that due to the Harvey storm, it is possible to produce 92.5 million barrels of average daily this year, whereas last month the agency had estimated the production of 93.5 million barrels. EIA has also cut the crude production estimate for 2018. In such a situation, the prices of crude went up yesterday and Brent’s price was $ 54 and WTI crude crossed $ 48. However, today the pressure in the dollar is showing pressure from the upper level.

Currently, Crude oil on MCX is trading around Rs. 3090 with a slight decline of 0.15 percent. Natural Gas is trading at 0.13 percent and It is trading at 193.2.

MCX Crude Oil Tips

@Buy MCX Crude Oil September future above 3100 targets 3125, 3150 Stop loss 3073.