#commoditymarkettips

Asia Gold: Demand dull as price-wary consumers stay on sidelines

Physical gold demand lacked vigour this week in top Asian hubs as high domestic prices suppressed appetite for the metal, with prices in India swinging to a discount for the first time in three weeks. "Wedding season demand has been waning and retail consumers are waiting for a correction in prices. Dealers in India were offering a discount of up to $1 an ounce from official domestic prices this week, compared with a premium of $1.50 last week. "The depreciating rupee is making gold expensive for Indian consumers. Jewellers are confused about the price trend and waiting for prices to come below 31,000 rupees," said a Mumbai-based dealer with a bullion-importing private bank.

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Crude oil futures end modestly higher on Thursday

Crude oil futures ended with modest gains on Thursday, as calmer heads prevailed in the wake of the U.S. decision to exit the Iran nuclear pact. Various news reports on Thursday said Iranian Oil Minister Bijan Zanganeh told that nothing noteworthy will happen to oil exports after the Iran sanctions. Moreover, a sign of a further rise in U.S. crude stockpiles and a wind-down period ahead of the start to sanctions on Iran also helped to calm concerns about the risks to the flow of crude in the Middle East. Benchmark crude oil futures for June delivery gained 22 cents or 0.3 percent to settle at $71.36 a barrel on the New York Mercantile Exchange. July Brent crude jumped 26 cents or 0.3 percent to settle at $77.47 a barrel on London’s Intercontinental Exchange. Commodity

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Crude oil futures end modestly higher on Thursday

Crude oil futures ended with modest gains on Thursday, as calmer heads prevailed in the wake of the U.S. decision to exit the Iran nuclear pact. Various news reports on Thursday said Iranian Oil Minister Bijan Zanganeh told that nothing noteworthy will happen to oil exports after the Iran sanctions. Moreover, a sign of a further rise in U.S. crude stockpiles and a wind-down period ahead of the start to sanctions on Iran also helped to calm concerns about the risks to the flow of crude in the Middle East. Benchmark crude oil futures for June delivery gained 22 cents or 0.3 percent to settle at $71.36 a barrel on the New York Mercantile Exchange. July Brent crude jumped 26 cents or 0.3 percent to settle at $77.47 a barrel on London’s Intercontinental Exchange. Commodity

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An introduction to Negative Directional Indicator::

 The traders and technical analysts use one very common indicator to measure the presence of a downtrend and this indicator is known as Negative Directional Index. The negative directional indicator is a part of average directional index. The traders get an indication of increasing downtrend, when the result of the index is in –DI and it is sloping upwards. However, the technical analysts always plot the indicator with the positive directional indicator. Beginning of the new trend is indicated when the negative directional indicator to cross above the positive directional indicator. When the technical analysts get the signal of change in trend they easily generate the accurate tips. Money Classic Research is one of the best advisory firms.