crude tips

Gold prices were mixed Friday morning in Asia, with gold, silver and copper trading lower while platinum making gains. Gold futures  for June delivery on the Comex division of the New York Mercantile Exchange was down $3.5, or 0.27%, to $1,298 a troy ounce by 11:45PM ET (03:45 GMT). As Italian political subsided, markets saw weaker demand for safe-haven assets such as gold. The country has been unable to form a government since an election in early March, but the euroskeptic populists and pro-EU establishment lawmakers renewed efforts to build a coalition rather than force new election. The  U.S. dollar index  that tracks the greenback against a basket of six major currencies added 0.16% to 94.11. The greenback oscillated around the 94 value on Friday morning. Dollar-denominated assets such as gold are sensitive to moves in the dollar – a gain in the dollar makes gold more expensive for holders of foreign currency and thus decreases demand for the precious met...

Oil prices took a dip on Thursday morning in Asia due to a surprise surge in inventories in the US, paired with expectations that other markets may decide to increase output next month. www.mcxgoldstar.com 7249938989 7617597683

Crude prices were little changed in early action on Wednesday, halting their recent decline, as investors turned their attention to fresh data on U.S. commercial crude inventories to gauge the strength of demand in the world’s largest oil consumer. www.mcxgoldstar.com 7249938989 7617597683

Oil prices  edged down on Wednesday morning in Asia as expectations that Saudi Arabia and Russia will pump more  crude weighed  on the market. www.mcxgoldstar.com 7249938989 7617597683

Crude prices  continued to struggle near their lowest levels in around six weeks on Tuesday, amid  expectations  that  Saudi Arabia  and Russia would pump more oil to ease a potential  shortfall in supply . www.mcxgoldstar.com 7249938989 7617597683

Gold prices  inched up  onTuesday  after falling for the two previous sessions,  butremained  under pressure on hopes a  U.S.- North Korean  summit  wasback  on track and as the  U.S. dollar hovered  near 6-1/2-month peaks. www.mcxgoldstar.com 7249938989 7617597683

Bulls charged on D-Street from the word go as they helped Nifty to climb 10,550 as well as 10,600 levels on closing basis. The index which made a bullish candle on the daily charts formed a Hammer-like pattern (not exact) on the weekly charts. The Nifty is now trading above its crucial short-term moving averages and today’s intraday low of 10,524 will be of big importance in the coming week, suggest experts. A break below this level could again put further pressure on the index amid expiry week volatility. On the upside, the next target for the index is placed at 10,733 levels but bulls will be able to take full control of the index if it surpasses 10,929 which was recorded on May 15, 2018.   The Nifty which opened at 10,533 slipped marginally to hit an intraday low of 10,524. Bulls took control of the index and pushed Nifty above 10,600 to hit an intraday high of 10,628 before closing the day at 10,605, up 91 points.     RELATED NEWS Trade Setup ...