Natual Gas Price High 144.70 Near My 2nd Target Price 158 – Neal Bhai
NATURAL GAS TRADING TIPS : Natural Gas MCX – Above 114 Target 134—158, Any Panic Buy 500-100 Lots
NATURAL GAS TRADING TIPS : Natural Gas MCX – Above 114 Target 134—158, Any Panic Buy 500-100 Lots
Natural gas prices moved lower on Thursday, declining slightly more than 2% following a smaller than expected draw in natural gas inventories.
MCX Nickel yesterday settled up by 0.74% at 866.4 as investors eyed further stimulus by major countries to cushion the worldwide economic meltdown triggered by the coronavirus pandemic.
The central bank announced on Monday that it would stop buying gold starting April 1, but didn’t explain the move. Analysts say Russia already has a lotof gold stashed in reserves and likely doesn’t need more.
MCX Nickel yesterday settled down by 3.14% at 893.5 prices dropped as downbeat industrial data from China and emergency interestrate cut from the US FederalReserve underscored the potentially crippling blow of the coronavirus pandemic to the globaleconomy.
Gold Silver Reports – The U.S. central bank slashed rates by 50 basis points, cutting rates outside the normal cycle of meetings for the first time since 2008. Speculation is rife that the European Central Bank will respond to the Fed’s “decisive” interest rate cut with easing of its own.
Spot gold was down 0.1 per cent at $1,574.69 per ounce as of 0427 GMT, having touched its highest since Feb. 4 at $1,577.89 earlier in the session.