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Tuesday 25 October 2016

Commodity- Gold Crude Oil News and Price

INTERNATIONAL MARKET UPDATE
GOLD $ 1266.15.
SILVER $ 17.650,
COPPER $311.30,
CRUDE OIL $ 50.46,
INR 66.886.

Gold prices edged slightly lower early on Tuesday as the U.S. dollar gained on increasing expectations of a December interest rate hike by the Federal Reserve.  Free MCX Tips  on mobile the proper trading strategy on gold.

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MCX SUPPORT & RESISTANCE LEVEL

GOLD DEC FUTURE
R2–30467,
R1 -30244,
S1-29510,
S2-29212,

SILVER DEC FUTURE
R2 –42804,
R1- 42416,
S1-41509,
S2-41010,

CRUDE OIL OCT FUTURE
R2 –3511,
R1-3463,
S1-3351,
S2-3298,

COPPER OCT FUTURE
R2 –320,
R1-315,
S1-306,
S2-301.


Oil prices dipped early on Tuesday over disagreement within producer cartel OPEC on who should cut how much production in a planned coordinated reduction to prop up prices. 

International Brent crude oil futures were trading at $51.38 per barrel at 0117 GMT, down 8 cents from their last close.

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US West Texas Intermediate (WTI) crude futures were down 5 cents at $50.47 a barrel.

         

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