MCX GOLD, MCX CRUDE OIL, MCX COPPER (11.03.2015)

Precious metals:

At the MCX, Gold futures for February 2015 contract was trading at Rs 25,899 per 10 gram, down by 0.48 per cent after opening at Rs 25,962, against the previous closing price of Rs 26,024. It touched the intra-day low of Rs 25,880 till the trading.

Base Metals & Energy :

Crude oil prices fell by 0.25 per cent on Tuesday at the domestic markets as investors looked ahead to US stockpiles data. Investors are looking ahead to US industry figures from the American Petroleum Institute for crude and refined product stockpiles last week to be announced later Tuesday. On Wednesday, the US Department of Energy will release its own, more closely watched, figures on the same. At the MCX, crude oil futures for March 2015 contract were trading at Rs. 3,155 per barrel, down by 0.25 per cent, after opening at Rs. 3,166 against the previous closing price of Rs. 3,163. It touched the intra-day low of Rs. 3,154 till the trading.

Copper prices fell by 0.87 per cent on Tuesday at the domestic markets as investors digested the recent key economic data from China and the U.S. to gauge the strength of demand for the metal. Copper is sensitive to the economic growth outlook because of its widespread uses across industries. China and the U.S. are the two biggest consumers of the industrial metal. At the mcx copper futures for April 2015 contract were trading at Rs.370.80 per 1 kg, down by 0.87 per cent, after opening at Rs. 372.80 against the previous closing price of Rs. 374.05. It touched the intra-day low of Rs. 370.65 till the trading.

Market Statistics:

COMMODITY	TREND	SUPPORT LEVEL 2	SUPPORT LEVEL 1	PIVOT POINT	RESISTANCE LEVEL 1	RESISTANCE LEVEL 2
GOLD	DOWN	25627	25773	25926	26072	26225
COPPER	DOWN	361.50	364.60	368.70	371.80	375.90
CRUDE OIL	DOWN	2979	3020	3093	3134	3207