Inditrade Derivatives & Commodities Ltd
Published on 26/07/2017 10:02:21 AM

Alert>> oil futures rose due to a weak dollar index and as Saudi Arabia, in a bid to rein in oversupply, pledged deeper cuts in crude exports in August. The country said it will cap exports at 6.6 mln barrels per day. Nigeria has agreed to adhere to production cuts as soon as its output hits 1.8 mln bpd. Currently, the African nation is exempt from the output cuts. August Nymex futures rose more than 3% today and any close above 47.50$ prices seem to rally further and test 50$ cmp 47.80

Inditrade Derivatives & Commodities Ltd
Published on 25/07/2017 8:53:42 PM

Alert>>Copper contracts futures posted a five-month high today as demand likely to improve. The International Monetary Fund on Monday revised China's growth forecast for 2017 to 6.7% from 6.6% it had projected in the last outlook. With better growth, demand for base metals from China is expected to increase as the country accounts for 47% of the global refined copper demand