Gold Silver Reports — Crude Oil Market Signal Turns Bullish — Forward prices for crude oil are signaling tightening supply for the first time since the market crashed in 2014.
MCX Natural Gas Start Fresh Selling, Support at 165
Gold Silver Reports — Technically MCX Natural Gas market is under fresh selling as market has witnessed gain in open interest by 11.25% to settled at 11607.
MCX Silver Upside Resistance at 43100
Gold Silver Reports — MCX Silver Upside Resistance at 43100 — Technically MCX Silver market is under long liquidation as market has witnessed drop in open interest by -6.29% to settled at 10610 while prices down -64 rupees.
MCX Cotton Up Side Resistance at 20590
Gold Silver Reports — Technically MCX Cotton market is under short covering as market has witnessed drop in open interest by -16.15% to settled at 3966 while prices up 60 rupees.
Russia Overtakes Saudi Arabia as World’s Top Crude Oil Producer
Gold Silver Reports — Russia overtook Saudi Arabia as the world’s largest crude producer in December, when both countries started restricting supplies ahead of agreed cuts with other global producers to curb the worst glut in decades.
Banking Sector Burdened by Increasing Bad Loans
Gold Silver Reports — India’s under-capitalized lenders should be restricted from expanding deposits and loans to help revive the banking sector burdened by increasing bad loans, a deputy governor at the nation’s central bank said.
Reliance Jio to Start Charging for Data
Gold Silver Reports — Reliance Jio to Start Charging for Data — Mukesh Ambani’s Reliance Jio Infocomm Ltd vowed to offer cheaper tariffs than rival operators when it ends free services to its 100 million subscribers on 31 March, as India’s newest telecom operator seeks to retain users.