Wednesday 30 May 2012

COMMODITY UPDATE 30-May-2012

CRUDE OIL
Brent oil declined to its lowest in five months before a report that may show stockpiles climbed to the highest level since 1990 in the U.S., the world’s biggest crude user.
Crude for July delivery decreased as much as $1.37 to $89.39 a barrel in electronic trading on the New York Mercantile Exchange and was at $89.47 at 11:28 a.m. London time. The contract yesterday slid 10 cents to $90.76, the lowest close since May 24. Prices are down 15 percent this month, the biggest drop since December 2008.

GOLD
Gold fell for a second day on Wednesday, under the influence of a weaker euro as the euro zone debt crisis engulfed Spain and sent investors scrambling for a safe haven in the form of US dollars. We look at the most recent lows around the $1,520 level as a target and possibly below there as this storm continues. Gold in global markets, which normally set price trend on the domestic front, declined by 0.6 per cent to a one-week low of USD 1,545.88 an ounce.

SILVER
silver tumbled on the bullion market today on heavy selling by stockists, triggered a weak trend in overseas markets. Silver fell by one per cent to USD 27.57 an ounce in Singapore.In addition, poor demand at prevailing higher levels from industrial units and jewellers further fuelled the downtrend in the precious metals.

COPPER
Copper slipped on Wednesday after news that Spain needed to issue new debt to recapitalise a troubled lender and the country suffered another rating downgrade, stoking worries about the euro zone's debt crisis. Three-month copper on the London Metal Exchange edged down 0.4 percent to $7,639 a tonne by 0120 GMT, after falling 0.2 percent on Tuesday.

With Best Indian Stock Market Tips you can make money from these markets by trading in our Intra-day & long term Stock Market Calls with great accuracy and high profitability…
Subscribe Free by Filling the TRIAL FORM...

stock tips 31 May, nifty trend 31 May 2012, nifty outlook, intraday tips for today, stock recommendations,nse tips for today, nifty futures, Stock Tips today, free stock market tips , stock market tomorrow, best stock to buy today, best share to buy/sell, which stock to buy/sell, nse tips for 31 May , nifty futures tips 31 May , stock cash tips, nifty future levels, bank nifty levels, nse intraday tips today, stock future and option tips, stock market today, stock tips free trial,MCX commodity Tips, commodity updates, MCX tips,NCDEX tips,precious metals,bullion & energy Tips, AGRI tips, HNI Pack ,bullion premium,Base metal Trend,Gold price, Silver Price,Gold levels, Silver levels, Copper levels, Lead levels, Nickel levels, Zinc levels, Crude oil levels MCX Gold Tips,MCX Silver Tips,Free Gold Tips, Silver Tips, free commodity tips,intraday commodity tips,intraday silver tips,intraday tips,MCX Commodity review ,mcx updates,best commodity tips,mcx commodity



 
Design by Wordpress Theme | Bloggerized by Free Blogger Templates | Grocery Coupons
Twitter Bird Gadget