‘Commodity Corner’ by Manisha Gupta guides you through the most important trades in commodities and takes a first-hand look at how these markets are moving and what is at stake for investors.
There is strength continuing for the crude oil prices in the global as well as Indian markets. The prices are inching towards the $4,600 per barrel market for the Indian MCX prices.
The gold and silver prices have been under pressure with the US dollar inching up, trading at a two-week high.
Nickel and aluminium prices declined between 6 and 8%. The other metal markets have been reacting to the manufacturing data that came yesterday from Europe and US and that has been on the positive side.
Angel Commodities has a buy call across sectors. They have a buy call in the intraday market for lead and crude oil prices.