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Commodity Corner(Mar 11- Mar 15, 2024)

Commodities traded with mixed trends this week as crude oil price shifts, gold demand, and global supply cues influenced market direction. Investors kept a close watch on currency movements and international developments shaping sentiment.

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Commodity Corner(Mar 11- Mar 15, 2024)

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  1. Read blog -https://navia.co.in/blog/navia-weekly-roundup-march-11-march-15-2024/ Commodity Corner(Mar 11- Mar 15, 2024)

  2. Read blog -https://navia.co.in/blog/navia-weekly-roundup-march-11-march-15-2024/ Currency Chronicles – USD/INR • Rupee weakened by 10 paise in the week ending Mar 15. • Closed at 82.88 (vs. 82.78 on Mar 7). • Downward pressure continues against the Dollar.

  3. Read blog -https://navia.co.in/blog/navia-weekly-roundup-march-11-march-15-2024/ Currency Chronicles – EUR/INR & JPY/INR EUR/INR: ↓ -0.30%, yet bullish sentiment persists. • Closed at ₹90.24 by week’s end. JPY/INR: ↓ -1.18% → settled at ₹0.55. • Despite decline, optimism remains in market outlook.

  4. Read blog -https://navia.co.in/blog/navia-weekly-roundup-march-11-march-15-2024/ Commodity Corner – Crude Oil • Oil closed +2.79% last week. • Boosted by a decline in US crude inventories, signaling strong demand. • Resistance (R1): ₹6,795 | Support (S1): ₹6,519.

  5. Read blog -https://navia.co.in/blog/navia-weekly-roundup-march-11-march-15-2024/ Commodity Corner – Gold • Gold ended +0.18% with slight consolidation. • Supported by a weaker dollar & rising geopolitical tensions. • Resistance (R1): ₹65,967 | Support (S1): ₹65,335.

  6. Disclaimer Investment in securities market are subject to market risks, read all the related documents carefully before investing. The securities quoted are for illustrative purposes and are not intended as recommendations. Brokerage will not exceed the SEBI prescribed limit. Navia Markets Ltd ,SEBI Registration No.INZ000095034-NSE Member code for CM, FAO & CD: 07708 - BSE Clearing No. for CM, FAO & CD: 6341-MCX Member ID: 45345 NSDL DP ID: IN300378-CDSL DP ID: 12086500-SEBI Registration No. for DP: IN-DP-311-2017-GST Registration number :33AAACM4739R2ZZ-Registered office: Ganga Griha, 4th & 5th Floor, No.9, Nungambakkam High Road, Chennai - 600 034 Email ID: ig@navia.co.in - Contact No: +91 70100 75500 https://bit.ly/naviadisclaimer Read blog -https://navia.co.in/blog/navia-weekly-roundup-march-11-march-15-2024/

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