Real Time MCX Weekly Research Report By Neal Bhai Get our expert opinion on short term outlook on commodities based on technical analysis. Weekly commodity insights and forecast.
Commodities Weekly Research Report
Dated: 12-11-2018 To 16-11-2018
Crude Prices Up by 1 percent After Saudi Arabia Announces December Supply cut
Crude Oil prices rose by about one percent on Monday after top exporter Saudi Arabia announced a cut in supply for December, seen as a measure to halt a market slump that had seen crude decline by 20 percent since early October.
सऊदी अरब तेल एक्सपोर्ट में 5 लाख बैरल प्रति दिन की कटौती करेगा
सऊदी अरब दिसंबर से तेल एक्सपोर्ट में 5 लाख बैरल प्रति दिन की कटौती करेगा। लिहाजा सप्लाई घटने की खबरों से क्रूड कीमतों में रिकवरी देखने को मिली है। उत्पादन घटाने पर ओपेक देश और रूस सहमत हो गए हैं। माना जा रहा है कि अगले साल से उत्पादन घट सकता है। फिलहाल ब्रेंट क्रूड 1 फीसदी की उछाल के साथ 70.9 डॉलर पर कारोबार कर रहा है। वहीं नायमैक्स पर डब्ल्यूटीआई क्रूड 0.8 फीसदी की तेजी के साथ 60.7 डॉलर पर कारोबार कर रहा है।
Gold Prices Slip for 3rd Day, Silver Rates Slump
The bullion market in Delhi was closed on Thursday on account of ‘Govardhan Pooja’. Gold prices had declined by Rs 210 to Rs 32,400 per 10 grams during special ‘Diwali Muhurat’ trading on Wednesday.
Dr. Reddy’s Labs Drops On Repeat Observations For Duvvada Plant
Dr. Reddy’s Labs Drops On Repeat Observations For Duvvada Plant – Shares of the Hyderabad-based drug maker fell as much as 2.61 percent to Rs 2,389 after it received eight observations, five of them a repeat of 2017 and warning letter of 2015, from the U.S. drug regulator at its Duvvada facility—crucial for future growth prospects in its largest market.
Gold Silver Pani Pani I Told You Sell 100 – 500 Lots – Neal Bhai Reports
Gold Silver Pani Pani I Told You Sell 100 – 500 Lots – Neal Bhai Reports
Rupee, Bonds Gain as Crude Oil Prices Ease
Gold Silver Reports (GSR)— This prompted FIIs to buy nearly $1.26 billion in domestic debt over the last nine trading sessions (between 24 October and 5 November). So far this year, FIIs have offloaded $7.76 billion in domestic bonds.