Monday, 28 December 2015

Crude lower levels once again 11 years, gold is idling


Brent crude price lower levels again 11 years.WTI and Brent crude traded below $ 37.Crude last recorded a decline of 3 per cent. 

Why the decline in crude came
Over supply worries and low consumption in Japan due to the sharp decline in crude.Organization of the world's leading oil producer countries, OPEC daily production record of nearly 3.2 million barrels. 40 per cent of total world production.40 years later, America is now going to export crude. Restrictions delisting next year Iran will also supply in the market.

Idling in gold
Comics on gold is around $ 1070. Gold 6 consecutive quarterly decline.Yesterday the pressure on prices in dollars. Foreign market silver price has come down to $ 14.This year's $ 8.5 per cent during the consolidation, where there has been a decline of nearly 10 per cent in gold.

Agri commodity decline 
Agri NCDEX commodity 0.75 per cent decline in sid on castors with 3780 rupees traded below.Moreover coriander 4 per cent below arrived at 8110 rupees. Gram also declined.While MCX aluminium slid 0.6 per cent at RS 100 has come down with,While lead is 0.25 per cent in weakness and its updated RS 114.7.


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1 comment:

  1. Crude oil is the ncdex segment in which epic research analyst generate daily intraday call for traders.

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