Monday 25 March 2019

Oil looks to strike Rs 4,140 mark

The bullion counter is looking to gain some more weight today, in step with global gold prices that hovered around one-month high. 

Crude oilNSE 0.82 % firmed up, aided by ongoing supply cuts led by producer club Opec. 

Commodity Tips

Let's look at a few projections on various commodities by brokerage 

Bullion: The yellow metal may trade with a positive bias. MCX Gold can move higher towards Rs 32,300, taking support from Rs 32,100. Silver can test Rs 38,700, finding comfort near Rs 38,300. 

Energy: Crude oil may trade in a positive territory, tracking global trend. It may improve towards Rs 4,140. Natural gas (April) may witness lower level buying and can test Rs 195, taking support near Rs 190 on MCX.


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