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Nymex natural gas prices gained around 8 percent yesterday on the back of decline in US natural gas inventories. Further, expectations of rise in demand for the commodity amid cool winter weather conditions in the US supported an upside in the prices.

Nymex crude oil prices declined around 0.2 percent yesterday on the back of expectations that tight lending in China may hamper the economic growth in world's second largest economy thereby affecting the demand for the commodity.

Brent crude oil futures for September delivery on NYMEX was seen trading up by 0.48% at $109.95 per barrel as of 10.21 AM IST on Friday. The United States manufacturing expanded in July as the Purchasing Mangers Index (PMI) registered a 55.4 percent, an increase of 4.5 percentage points when compared to June's reading of 50.9 percent, according to the data released by the Institute of Supply Management (ISM) on Thursday... Get Full report here- http://mcxhnitips.blogspot.in/2013/08/commodity-trend-and-updates-and-mcx.html

The round of selling in Gold and Silver price has been continues today also in International Market. After heavy drop in Gold price on Monday, it carries the downtrend on Tuesday also. COMEX Gold had reached to its 5-year low level after hitting 4% down on Monday. While COMEX Silver also fell 0.25% and reached at $ 14.7 per ounce. Apart from these Crude oil is also facing some selling pressure. NYMEX Crude slipped below $ 50.... Read more here- http://www.pinnaclefinancial.in/blog/mcx-tips-gold-price-fell-crude-tips-updates/

Crude prices slipped further, with the Nymex trading close to a four-month lows after a stock market sell-off rattled investors, adding to concerns of an oil supply glut. Brent crude slipped below USD 54. Precious metal gold is trading near its 5.5 year lows with expectations for a near-term US interest rate hike seen keeping momentum firmly with the bears. Sell MCX Gold @ August at 25050, Target 24900-750, SL 25200 Sell MCX Crude Oil @ August at 3140, Target 3030, SL 3200 Free NCDEX Tips Sell NCDEX Chana @ August at 4575-80, Target 45100, SL 4640 Sell NCDEX Turmeric @ August at 6750, Target 6600-450, SL 6850

MCX Crude-oil futures extended gains in electronic trading Friday, with investors encouraged by action taken by central banks designed to ease tightening credit conditions in the euro zone. Crude oil for October delivery added 32 cents, to $89.72 a barrel on the NYMEX. MCX Crude is currently trading at RS 4239, it is down by `13 for the day.