Geofin Comtrade has come out with its report on agricultural commodities. The research firm has recommended to sell Kapas, Cocudakl on pullbacks and buy Jeera above Rs 19060 in its research report dated May 22, 2015.
According to Angel Commodities, Sugar futures may trade sideways to positive due to good demand from the bulk buyers at lower prices. But higher supplies may restrict the upside while strong demand may limit the downside at lower domestic prices.
WTI surged USD 1.74 and Brent jumped USD 1.51 yesterday in a second day of rallies after the US Department of Energy (DoE) released its latest petroleum stockpiles report that was largely seen by analysts as bullish.