EPIC RESEARCH MCX GOLD UPDATE OF 20 June 2018

Gold trading range for the day is 30732-31178.

Gold fell as a stronger greenback was overwhelmed by safe-haven buying, spurred by fears of a trade war between the world’s two top economies.

U.S. President Donald Trump said that he has ordered the U.S. Trade Representative to identify $200 billion worth of China goods for additional tariffs.

Trump said in a statement that the move would be in retaliation for China’s earlier decision to raise tariffs on $50 billion in U.S. goods.


Subscribe now for best MCX TIPS
For quick free trial click here > 911 133 9000

Connect with our social media sites

Facebook

Twitter

YouTube

Pinterest

Linkedin

Google+

Read More

EPIC RESEARCH MCX CARDAMOM UPDATE OF 19 June 2018

Cardamom trading range for the day is 945.4-997.2.

Cardamom prices gained tracking firmness in spot demand after prevailing weather conditions in the producing centres of Kerala are favourable.

An anticipated delay in commencement of new crop supplies also supporting the prices.

Earlier, there were reports that excessive rains in some part of Idduki district of Kerala hit the cardamom plants.

Cardamom prices in spot market gained by 1.80 rupees and settled at 1002.50 rupees.

Subscribe now for best MCX TIPS
For quick free trial click here > 911 133 9000

Connect with our social media sites

Facebook

Twitter

YouTube

Pinterest

Linkedin

Google+

Read More

EPIC RESEARCH MCX CPO UPDATE OF 19 June 2018

CPO trading range for the day is 634.6-644.4.

Crude palm oil ended with losses on the back of weaker export demand and a fall in crude oil prices.

India’s palm oil imports in May plunged 38 per cent from a year earlier to their lowest in nearly four and a half years.

Exports of Malaysian palm oil products for June 1 – 15 fell 7.2 percent to 500,197 tonnes from 539,084 tonnes shipped during May 1 – 15.

Crude palm oil prices in spot market dropped by 2.40 rupees and settled at 642.40 rupees.

Subscribe now for best MCX TIPS
For quick free trial click here > 911 133 9000

Connect with our social media sites

Facebook

Twitter

YouTube

Pinterest

Linkedin

Google+

Read More

EPIC RESEARCH MCX MENTHA OIL UPDATE OF 19 June 2018

Menthaoil trading range for the day is 1116-1171.6.

Mentha oil spot at Sambhal closed at 1305.90 per 1kg. Spot prices was down by Rs.-10.10/-.

Mentha oil prices dropped amid a fall in demand from consuming industries at the spot market.

Further, ample stocks position on increased supplies from the major producing belts of Chandausi in Uttar Pradesh too weighed.

As per preliminary estimates, acreage under mentha crop will rise this year as the farmers are encouraged by higher prices.

Subscribe now for best MCX TIPS
For quick free trial click here > 911 133 9000

Connect with our social media sites

Facebook

Twitter

YouTube

Pinterest

Linkedin

Google+

Read More

EPIC RESEARCH MCX ALUMINIUM UPDATE OF 19 June 2018

Aluminium trading range for the day is 149.6-154.2.

Aluminium gained on short covering after prices pulled down by the looming trade war between China and the United States.

China's inventory of primary aluminium, including SHFE warrants, shrank 53,000 mt to stand at 1.92 million mt.

Japan's exports rose in May at the fastest pace in four months in a sign that global demand is gaining strength.

Subscribe now for best MCX TIPS
For quick free trial click here > 911 133 9000

Connect with our social media sites

Facebook

Twitter

YouTube

Pinterest

Linkedin

Google+

Read More

EPIC RESEARCH MCX NICKEL UPDATE OF 19 June 2018

Nickel trading range for the day is 997.5-1049.5.

Nickel dropped on fears trade tensions between the world’s two largest economies could escalate and demand from China could cool after last week’s lacklustre data.

Nickel ore inventories across all Chinese ports increased 380,000 wmt from a week ago to 8.16 million wmt as of Friday June 15.

Nickel ore stocks across seven major Chinese ports grew 560,000 wmt from the previous week and registered 5.77 million wmt.

Subscribe now for best MCX TIPS
For quick free trial click here > 911 133 9000

Connect with our social media sites

Facebook

Twitter

YouTube

Pinterest

Linkedin

Google+

Read More

EPIC RESEARCH MCX ZINC UPDATE OF 19 June 2018

Zinc trading range for the day is 208.9-213.3.

Zinc prices dropped as an escalation in trade tensions between China and the United States, which has stirred up some risk aversion in the market.

Social inventory of zinc across Shanghai, Guangdong and Tianjin extended its increase as zinc imports continued to flow into Shanghai and as consumption remained weak.

Zinc social inventory in Shanghai increased 10,000 mt to stand at 110,300 mt while inventory in Guangdong and Tianjin shrank 2,800 mt and 2,500 mt, respectively.


Subscribe now for best MCX TIPS
For quick free trial click here > 911 133 9000

Connect with our social media sites

Facebook

Twitter

YouTube

Pinterest

Linkedin

Google+

Read More

EPIC RESEARCH MCX COPPER UPDATE OF 19 June 2018

Copper trading range for the day is 461.9-477.1.

Copper slipped on pressure from a stronger dollar, while a holiday in China drained buying interest from the market.

China's copper imports rose to their highest in 17 months in May as the country's crackdown on scrap leaves it buying more of the metal in other forms.

Hedge funds and money managers raised their net long positions in COMEX copper in the week to June 12, by 28,941 contracts to 77,740 contracts, U.S. CFTC data showed.

Subscribe now for best MCX TIPS
For quick free trial click here > 911 133 9000

Connect with our social media sites

Facebook

Twitter

YouTube

Pinterest

Linkedin

Google+

Read More

EPIC RESEARCH MCX NATURAL GAS UPDATE OF 19 June 2018

Naturalgas trading range for the day is 197-209.2.

Natural gas fell on forecasts for less demand next week than previously expected after hitting a four-and-a-half-month high in the previous session last week.

Last week, prices seen supported on forecasts for continued hotter-than-normal weather through at least the start of July.

Inventories are currently about 20 percent below normal for this time of year.

Subscribe now for best MCX TIPS
For quick free trial click here > 911 133 9000

Connect with our social media sites

Facebook

Twitter

YouTube

Pinterest

Linkedin

Google+

Read More

EPIC RESEARCH MCX CRUDE OIL UPDATE OF 19 June 2018

Crudeoil trading range for the day is 4280-4590.

Crude oil prices settled higher as traders cheered a report suggesting the OPEC was considering an output hike well below levels many had initially feared.

U.S. oil exports have boomed in the last two years as shale oil production has surged.

The producer cartel of the OPEC, de-facto led by Saudi Arabia, and some allies including Russia have been withholding output since the start of 2017.


Subscribe now for best MCX TIPS
For quick free trial click here > 911 133 9000

Connect with our social media sites

Facebook

Twitter

YouTube

Pinterest

Linkedin

Google+

Read More

EPIC RESEARCH MCX SIKVER UPDATE OF 19 June 2018

Silver trading range for the day is 39695-40495.

Silver prices remained under pressure tracking weakness in base metals prices amid an escalating trade dispute between the United States and China.

The U.S. economy “appears to be in a pretty good place” that should let the Fed continue its steady program of raising interest rates, Fed’s Bostic said.

China will impose additional 25 percent tariffs on 659 U.S. goods worth $50 billion in response to the U.S. announcement that it will levy tariffs on Chinese imports.


Subscribe now for best MCX TIPS
For quick free trial click here > 911 133 9000

Connect with our social media sites

Facebook

Twitter

YouTube

Pinterest

Linkedin

Google+

Read More

EPIC RESEARCH MCX GOLD OIL UPDATE OF 19 June 2018

Gold trading range for the day is 30879-31073.

Gold prices traded in tight range as the U.S. dollar remained flat against its rivals and rising U.S.-China trade tensions fuelled investor appetite for safe-haven gold.

US President Trump threatened on Monday to impose a 10 percent tariff on $200 billion of Chinese goods.

Fed’s Kaplan said he would be open to raising the Fed's target policy rate a fourth time late this year, but his base case is for just three.

Subscribe now for best MCX TIPS
For quick free trial click here > 911 133 9000

Connect with our social media sites

Facebook

Twitter

YouTube

Pinterest

Linkedin

Google+

Read More

EPIC RESEARCH MCX CARDAMOM UPDATE OF 18 June 2018

Cardamom trading range for the day is 947.3-970.9.

Cardamom prices dropped on reports of bumper output on the back of favourable weather amid poor stocks of quality goods.

There has been raining in the producing centres of Kerala and present weather is conducive to the coming crop.

Producing centres of Kerala are getting good rains and monsoon is also expected to hit Kerala coast three days before schedule.

Cardamom prices in spot market gained by 12.10 rupees and settled at 1006.70 rupees.

Subscribe now for best MCX TIPS
For quick free trial click here > 911 133 9000

Connect with our social media sites

Facebook

Twitter

YouTube

Pinterest

Linkedin

Google+

Read More

EPIC RESEARCH MCX CRUDE PALM OIL UPDATE OF 18 June 2018

CPO trading range for the day is 631.4-655.2.

Crude palm oil dropped on profit booking after prices gained tracking increase in prices of rival soy oil due to increase in import duty.

India’s palm oil imports in May plunged 38 per cent from a year earlier to their lowest in nearly four and a half years.

Malaysia, kept its crude palm oil export tax at 5 percent in July, the Malaysian Palm Oil Board said in a statement, citing the national customs department.

Crude palm oil prices in spot market gained by 0.60 rupees and settled at 644.80 rupees.

Subscribe now for best MCX TIPS
For quick free trial click here > 911 133 9000

Connect with our social media sites

Facebook

Twitter

YouTube

Pinterest

Linkedin

Google+

Read More