MCX Live Commodities Weekly Technical Live Research Report 06 — 10 January 2020 By Neal Bhai Reports (NBR) India, New Delhi
SEBI Registered Advisory
MCX Natural Gas (NG) JACKPOT Tips Buy CMP 157.60 Target Open – Neal Bhai
Natural Gas (NG) surged as weather forecasts turned cooler which could boost heating demand, and on short-covering.
Gold Smuggling on the Rise as High Prices Boost Appeal in India
Surging gold prices in India are keeping customs officials on their toes. Illegal inflows have jumped after the Indian government increased import taxes in July and prices surged to record highs in September.
Is There More Hurt Ahead for Natural Gas or Can It Heat Up?
Future prices for natural gas “fell to a one-month low on Friday after plunging more than 12% for the week. The commodity Natural Gas is currently trading around $2.34 per million British thermal units, which is nearly 50% below where it traded a year earlier. It’s down 21% for 2019.”
Russia switches on gas mega-pipeline to China as Putin touts closer ties
Russia switched on an enormous gas pipeline to China worth billions of dollars Monday, affirming increasingly close economic and political ties between the two countries.