Gold Silver Reports — Technically Copper market is getting support at 416 and below same could see a test of 412 level, And resistance is now likely to be seen at 428, a move above could see prices testing 430.
copper mcx
Agri Commodities Preview: NCDEX Soyabean Futures To Witness More Selling
Gold Silver Reports — The NCDEX Soyabean futures are likely to remain under pressure in the coming days on the account of favourable rainfall in major soyabean sowing states along with bearish cues from global market.
Sebi Issues Guidelines for Options in Commo Futures
Gold Silver Reports — Options to have futures as underliers; one option each in agri, non-agri to be launched initially
Copper Demand for Electric Cars to Rise Nine-fold by 2027
Gold Silver Reports — A study states that copper demand for electric cars to rise from 1,85,000 tonnes in 2017 to 1.74 million tonnes in 2027.
Jeera market under fresh buying; Support seen at 18533
Technically Jeera market is under fresh buying as market has witnessed gain in open interest by 24.4% to settled at 12435 while prices up 720 rupees.
Turmeric NCDEX Resistance Level at 6444
Gold Silver Reports — Technically NCDEX Turmeric market is under fresh selling as market has witnessed gain in open interest by 4.34% to settled at 9025 while prices down -32 rupees.
JEERA INCREASES ON EXPORTERS BUYING
Gold Silver Reports — Bargain buying was seen in jeera market on the account of recovery in exports demand along with seasonal demand by processors companies. The sources stated that most of the exporters have witnessed strong buying at lower levels. However, as per market sources, the total jeera production in the current year are projected at 54000 tonnes against 42000 tonnes reported last year.
Ref Soya Oil Trading Zone at 645-672
Gold Silver Reports — Ref Soya Oil Trading Zone at 645-672 — Technically Ref soya oil market is under fresh selling as market has witnessed gain in open interest by 6.66% to settled at 58480 while prices down -3.45 rupees.
NCDEX Rules to Curb Benami Trading in Commo Futures
Gold Silver Reports — NCDEX Rules to Curb Benami Trading in Commo Futures — The National Commodity and Derivatives Exchange (NCDEX) issued a financial conduct framework which is expected to contribute directly in making the futures market transparent and less vulnerable to manipulation.