Tuesday, 23 April 2013

crude oil down in Asia and commodity updates for 23 April:

Sensex shows bearish trend today yesterday it was traded above 18000 and continuous grow in positive side but today both BSE and NSE traded on negative side .rupee shows a negative trend in early trade .today rupee shows a one week low and traded at 54.36/37 , it was showed lowest since on April 16 ,its previous close was 54.14. 

let we talk about the position of crude oil in us market In the first three months of 2013, Asia produced 259.8 Mt of crude steel, an increase of 6.4% over the first quarter of 2012. The EU produced 41.5 Mt of crude steel in the first quarter of 2013, down by -5.4% compared to the same quarter of 2012. 

the gold prices are also on upside but silver stay on previous position and improve slowly other commodity like base metal,agri commodities shows bearish trend today .we expect on this April month gold and silver not fluctuated onhogh position reason because of that in china and US market prices continuous growing on down side by these may also affects the Indian economy and prices of commodity. 

caradmum ,Kapas cotton Gold . Crude oil ,goldpetal are the MCX gainers for today 
mcx losers are mentha oil ,Potato,kapaskhali,silverm ,lead,copper 

NCDEX gainers : Red chili, soy seed, castor seed 
Losers: potato , wheat, gram, gur,

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