Commodity Daily Market

"Commodity Daily Market"

Bullions: - Gold futures along with silver can trade in range amid mixed fundamentals. Gold June contract can trade in range of 28600-28850 and silver can also trade in range of 55400-57100 in near term. Gold hovered near $1,661 an ounce on Thursday, supported by a steady euro on easing fears about the euro zone debt crisis, though investors remained cautious on the outlook for peripheral economies and were awaiting more clues on global growth.



Base Metals: - Base materials may observe some lower level purchasing due to recovery in dollar and international value markets. Copper may business in variety of 411-421 while Lead may business in variety of 104-105.50 and zinc oxide in variety of 101-104 in near term. London, uk copper increased above its tech support team at $8,000 on Friday as leads of the Western Central Bank purchasing more ties assisted ease issues about Europe's debt crisis.

Energy: - Crude Oil can move back and forth with positive prejudice in range of 5240-5340 in near term amongst combined basic principles. While organic gas can drop reduced towards 103 in MCX.U.S. Gas futures trading finished below $2 per thousand English heat systems on Thursday for the first time in more than 10 years as prolonged gentle weather anticipates plus problems about record-high resources compelled costs. It was the third immediately day that the encompassing agreement arranged a 10-year low, after one of the weakest winter seasons on history greatly slower demand for gas and sent costs spinning reduced. Oil costs increased on Thursday, treating two days of failures, after U.S. govt data revealed home petrol shares dropped much more than predicted last week, which overshadowed an increase in primitive inventories.