Commodity News – Real-time Accurate MCX Commodity Market News and forecast for today. Best commodity market online tips through whatsapp and telegram by Neal Bhai.
Gold Silver Reports — Technically gold market is under short covering and prices are getting support at 28610 and below same could see a test of 28444 level, And resistance is now likely to be seen at 28885, a move above could see prices testing 28954.
Gold Silver Reports ✅ — Iran will cut some benefits to Indian state-run refiners on crude purchases after the South Asian country decided to reduce the amount of oil it buys from the Persian Gulf nation, people with knowledge of the matter said.
Gold Silver Reports ✅ — The prices of Copper were yet again depressed by renewed selling pressure. This decline is actually a extension of what was seen in Copper last day. The pressure also ignited as weekend is round the corner. Squaring off long positions continue with simultaneous building of short positions.
Gold Silver Reports ✅ — LME Copper prices averaged at $ 5644 per tonne by the end of March 2017 against $ 4942 per tonne by the end of March 2016, up 14.2% on a year on year basis. Meanwhile, losses of 5% were registered on a year on year basis from $ 5941.55 per tonne during February 2017.
Gold Silver Reports — Chinas iron ore price index (CIOPI) was 293.68 points on March 30th, reducing by 0.58% of 1.71 points compared with the same period of last month.
Gold Silver Reports — Large speculators and commodity traders decreased their net positions in the WTI crude oil futures markets last week for the fifth straight week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday.
Gold Silver Reports — The U.S. Retirement Market is in BIG TROUBLE as annual benefits paid out are now larger than total contributions. Actually, the amount of net withdrawals were the highest in history. When payouts become larger than contributions… then we have the making of the typical PONZI SCHEME.