Commodity Market News-14 Nov 2014

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MCX SILVER March contract was trading at Rs 35182 down Rs 236, or 0.67 percent. The SILVER rate touched an intraday high of Rs 35227 and an intraday low of Rs 35148. So far 91 contracts have been traded. SILVER prices have moved down Rs 10795, or 23.48 percent in the March series so far.

MCX GOLDPETAL December contract was trading at Rs 2583 down Rs 6, or 0.23 percent. The GOLDPETAL rate touched an intraday high of Rs 2590 and an intraday low of Rs 2582. So far 108 contracts have been traded. GOLDPETAL prices have moved down Rs 293, or 10.19 percent in the December series so far.

MCX Copper derailed. The prices ended at Rs 407 per kg, from Rs 411 per kg. The metal is likely to slip below Rs 405 per kg on the intraday session today after closing below Rs 410 per kg yesterday. Copper prices declined by 0.97% in the trading session ending 13 November 2014. The prices tested a high of Rs 415.2 and a low of Rs 406.25 per kg.

MCX Crude Oil. The prices tested a high of Rs 4756
per barrel and a low of Rs 4627 per barrel. This commodity has seen constant bearish phase in last one month. The prices settled at Rs 4641 per barrel, down 2.48%. The prices moved below critical and psychological resistance zone of Rs 4650 per barrel.

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