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Lead prices hit fresh lifetime high on MCX on firm demand; outlook remains bullish


Lead prices hit fresh lifetime high on MCX on firm demand; outlook remains bullish
Moneycontrol
8 hours ago
Sandeep Sinha
© Sunil Matkar
Lead prices hit fresh lifetime high on MCX on firm demand; outlook remains bullish
Lead prices climbed to a new lifetime high on the MCX tracking weakness in the US Dollar index and general optimism over global economic health.
However, the base metal ended the week with a loss of Rs 3.1 or 1.73 percent for the week. Lead prices rose in three out of the five trading sessions on the MCX.
The non-ferrous metal has been trading higher than 5, 50, 100 and 200 days’ moving averages but lower than the 20-day moving average on the daily chart. The momentum indicator Relative Strength Index (RSI) is at 58.73 which indicates positive movement in prices. ....

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Natural Gas Falls 1.32% Ahead Of Inventory Report, Choice Broking Says Trend Bullish For Coming Weeks


Natural gas falls 1.32% ahead of inventory report, Choice Broking says trend bullish for coming weeks
In the futures market, natural gas for February delivery touched an intraday high of Rs 203.80 and an intraday low of Rs 199.70 per mmBtu on MCX.
Mumbai / February 04, 2021 / 03:07 PM IST
Natural gas futures slipped to Rs 201.70 per mmBtu on February 4 as participants increased their short positions as seen by the open interest. The price had dropped 2 percent the previous on the NYMEX.
Natural gas extended losses after opening gap down in the afternoon session. The price weakened as market players gauged the sustainability of recent cold weather in the US. ....

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Crude Oil Price Rises 0.74% This Week On MCX, Brent Slips Below $55 A Barrel


Crude oil price rises 0.74% this week on MCX, Brent slips below $55 a barrel
Crude oil prices capped upside as a surge in virus cases across the world and lockdown measures in China raised concerns over fuel demand recovery.
Mumbai / January 16, 2021 / 04:28 PM IST
Crude oil futures declined to settle at Rs 3,830 per barrel on January 15 as participants trimmed their positions as seen by the open interest. The prices slipped on surging coronavirus cases globally leading to stricter lockdown measures implemented by nations to curb the spread. That apart, concerns over US stimulus, too, weighed on investor sentiment.
It ended the week with a gain of Rs 28 or 0.74 percent to touch an 11-month high on the domestic bourse. Crude prices rose in three out of the five trading sessions on the MCX. ....

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Gold Price Edges Lower To Settle At Rs 48,702/10 Gm, Silver Plunges By Rs 1,703 A Kg


Gold price edges lower to settle at Rs 48,702/10 gm, silver plunges by Rs 1,703 a kg
Patel expects gold prices to trade sideways to down for the short term with COMEX spot gold having resistance near $1,870 per ounce and support at $1,800 per ounce.
Mumbai / January 17, 2021 / 05:54 PM IST
Gold prices slumped to Rs 48,702 per 10 gram on January 15 as participants increased their short position as seen by the open interest. The precious metal ended with a loss of Rs 116 or 0.24 percent for the week.
The yellow metal slipped in three out of five trading sessions on the MCX.
The bullion metal price was pressured by gains in dollar, rising bond yields, strong US Industrial Production, and rising inflation expectations. ....

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