Commodity Tips & Cardamom Trading Overview by Research Via

indore, M.P.(India), January 13, 2016 (Newswire.com) - Commodity tips : Mcx - BUY CRUDE OIL ABOVE 2070 TGTS 2090/2120/2160 SL 2045
MCX: CRUDE OIL HIT 1ST TGT 2090 HIGH OF 2104

Today, Prices of Cardamom fell down by 0.96 per-cent on today at the Multi Commodity Exchange (MCX) due to the adequate stocks availability in the physical market on account of higher supply from the producing belts of Chandausi in UP(Uttar Pradesh).

MCX : Cardamom futures for Jan 2016 contract were trading at Rs. 797 per kg, down by 0.96 per cent, after unlocking at Rs. 804.70 against the previous closing price of Rs. 804.70. It attained the intra-day low of Rs. 796.50 till the trading.  

Kerala, Karnataka & TN( Tamil Nadu) are the cardamom emerging states in India while about 90 per-cent of the production is consumed inside the nation.

The important markets for cardamom in India are Vandanmendu, Bodinayakanur, Kumily, Kumbum, Thekkady and Pattiveeran Patti in Kerala.

Crude : Oil futures floating over 1.5 per-cent at the time of late morning trade in the local market on today as investors and speculators booked fresh positions in the energy commodity as a drop in US storage levels last week eased concerns over a global supply glut.

Strong crude requirement from China as imports from the world’s 2nd biggest oil consumer soared to a record 334 million metric tons or about 6.7 million barrels per day last year, up 8.8 per-cent from 2014.

MCX : Crude oil futures, for the Jan 2016 contract, was trading at Rs 2,068 per barrel, up by 1.87 per-cent, after unlocking at 2,039, as compared to the previous close price of Rs 2,030. It touched an intra-day high of Rs 2,079.

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