Some of you might be wondering what is MCX. Well, wonder no more; MCX is an initial for the words multi commodity exchange and it is located in India. The trading platform began way back in 2003 and has been operational since then with its main target on metal and energy. Herein there is an exchange, clearance, and settlement of different commodities including metals and energy together with some common agricultural commodities including crude palm oil, cotton, men the oil and many others. We are keenly going to talk about the commodities that you should trade for on the platform with the current MCX data. The why and how you should go about it. Buckle up.
The metals that have been high up on the mixed market of late include gold, silver, lead, copper, and zinc, while the energy materials have included the crude oil, some agricultural commodities have included cotton and cardamom, this is in accordance with the current MCX data. Let us now analyze the top 5 commodities you may trade in MCX India.
You may as well watch the live MCX market just to make sure you are on the right track. The reasons as to why these commodities are worth trading may be because of their frequent and high demand in the market today; it may also be because of their high value in the market today.
Number one on our list today is natural gas. This is inclined more to the energy sector. Here is the best of the 5 commodities and this is simply because energy is in much higher demand in the fast developing economy today. The natural gas is in high demand too since it is environmentally friendly and everyone is being sensitized into becoming environmentally friendly.
Therefore you would wish to trade natural gas. Second on the list is the crude oil. We all know how much potential crude oil has in the market today and how its various end products secure a pretty sizeable amount of demand even before hitting the market. You would, therefore, want to trade crude oil today as the commodity is high on the go and in demand. Number three on the commodity exchange list is cotton. Almost every wear out there is cotton made. The clothes industry is expanding and in constant motion throughout all seasons. The other commodity to trade in the MCX India today is cotton. It is rating high on the heat map too and would be yet another best to trade today.
On number for commodity exchange, today in MCX India is the gold guinea. Now this coin by the British is fascinating and has seemed to be attracting more than expected. It is yet another commodity to trade as it also is in higher demand today.
Last but not least we have led; the metal lead as we know it today has been used to make end products of many useful products in the mechanical world of today. Trade this commodity today for the geat benefits including the great MCX price according to the live MCX data.