The commodity oil prices at global level plunged as commodity markets across the globe reeled under the impact of the powerful earthquake and tsunami that shocked Japan. The commodity crude for April delivery ended trading at $101.16 a barrel after hitting as low as $99.01 a barrel earlier in the day.
The guarseed market for NCDEX is indicating bearishness below daily EMA(8) for the short term trend. The commodity guarseed indicator RSI (14) is trading at 0.52 with indecisive sentiments.
At the NCDEX, castor seed futures for December 2012 contract closed at Rs. 3,860 per quintal tonnes, up by 2.01 per cent, after opening at Rs. 3,790 against the previous closing price of Rs. 3,784.
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Gold futures in the global market edged down on Friday amid some positive economic data releases from around the globe and concerns that whether US Central Bank continue with its monetary stimulus or not. Gold futures for December delivery on Globex platform of Comex was seen trading down with a loss of $ 19.1 at $1393.8 per troy ounce as of 03.32 PM IST on Friday.....
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