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Showing posts with label commodity news. Show all posts
Showing posts with label commodity news. Show all posts

Tuesday, 14 May 2013

Evening Support and Resistance for silver-gold || gold silver movement and intraday free commodity tips for today


Today commodity market fall are on bearish side, most commodity are traded on negative side. Bullion market is full on red no correction had seen in gold and silver since its opening position.  On domestic market at Delhi silver prices are fall by more than 0.50%. On MCX silver for July delivery fall by more        - 476 point and touched a low of 44617. Some correction might be seen it evening session.
Support and Resistance
Support 44510, 44400
Resistance 45100, 45300



Similarly trend  are following by yellow metal, morning session some positive movement had seen in gold price after opening at 26855 and touched an intraday high of 26918 with a low of 26737. Today gold is expected to trade in the range of 26700 to 27200.

Base metal show a choppy trend at Multi commodity exchange, today copper, nickel, lead, aluminum and zinc all are looks dull. No positive movement had seen in MCX copper for May delivery from its opening position, on Tuesday it open at 407.80   and touched an intraday low of 399.40. While nickel, lead and zinc are watched on green side for some time. Nickel traded in the boundary of 840 today with a high of 839.90.
Lead trade near of 110 to 107.
Zinc traded in the range of 100 to 101.50.
Behind big commodity in red side Mentha oil are on its high, today at Multi commodity exchange it open at 916.90 bit high against its last close, and touched an intraday high of 923.90.

 Today commodity tips

Buy gold above 26800 tgt 26850, 26900, 26950…………stoploss 26650

Buy silver above 44600 tgt 44700, 44800, 45000………….stoploss 44200

Buy mentha oil above 919 tgt 922, 925, 928………stoploss 910

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Monday, 29 April 2013

Today commodity movement and MCX tips for trading hot commodity


Multi commodity exchange showing green flag for white metal, MCX may delivery for white metal roses more than 0.75% and touches an intraday high of 45450. On Monday morning silver for May delivery open at 45150 against its previous close 45043. In the overseas market a silver price bounce high and crosses $24.21 while on domestic market silver touches a low of 45081. There is more to watch on silver prices in evening session with some more positive moves for May delivery.  
Gold prices are trading with mixed movement on MCX market, on Monday morning gold for June delivery open at 27200 and touch a high of 27329 with a low of 27132. In this gold prices are expecting to support a good trend and trade in the range of 25900 to 28500 and more along Y Axis.  Some jumps on positive side are looking on gold for June contracts around 6 pm.
Crude oil on future delivery are showing bearish trend, on Monday morning it open at 5066 and falling down at that position and touch a minimum of 5031 for May delivery. On New York crude price again turn to red side and fall below $93 and comes to $92.69.  On spot market At Mumbai crude oil are trading on green side at 5049 at 2:51 pm. For today trading session crude oil are looking to trade bearish with some small correction in evening.
Natural gas is trading towards positive side and some more correction is being expected from May delivery in upcoming days.  This week natural gas are expecting to trade bit positive and constant for future delivery.  

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Base metals are showing a mixed motion, most traded metal copper and nickel are on green side with low negative movement. MCX copper for April delivery open at 382.60, on commodity market it touches an intraday high of 384.90 with a down side low of 379.45. Movements in copper are volatile and experienced a positive movement with some correction.  Nickel for April delivery are looking bearish for whole  day, on morning session it traded towards the negative side but some positive trend are going to seen with some correction in evening session.

MCX tips today

Buy gold (June) above 27200 tgt 27250, 27300, 27400………….Stoploss 27000

Buy silver (May) above 45250 tgt 45300, 45350, 45500 … Stoploss  45000

Buy mentha oil (April) above 970 tgt 973, 976, 980……… Stoploss  960

Sell nickel (April) below 827 tgt 825, 822, 819….. Stoploss  833









Monday, 22 April 2013

Today's bullion-base metal movement and live free MCX commodity calls for 22-04-13


Today commodities are looking in a good swing, on multi commodity exchange bullion are open on green side. On MCX future gold for June delivery opens on positive side at 26184 against its previous close 26047. On intraday market yellow metal are looking bullish for today with a support level of 25950, 25800 and a resistance of 26400, 26550.
 Silver also follow a good trend on multi commodity exchange, today it open at 43550 from its last close 43423. MCX silver for May delivery are showing a bullish trend on intraday market and expected some good move on today session. On the early trade silver touch an intraday high of 43901 with a low of 43549. Silver is bearish for medium long term, for intraday trading resistance for silver is 43900, 44500 and a support level is 43000, 42500.
On domestic market crude again jump in good side, crude for future delivery roses up by more than +40 point on early trading on Monday. On MCX crude for May delivery open at 4785 from its last close 4776.  On Asian market crude oil prices are roses and its positive impact had seen on domestic market too. New York light sweet crude gain 29 cent on May delivery to $ 88.30. On MCX crude oil are looking bullish for today trading and expecting some volatility on trading.
Base metal are on trading on positive side excepted copper, due to china and US market copper on domestic market are trading on negative side. China economic condition had down in the first quarter and US slowing growth rate turn copper to bearish market. On MCX copper and nickel open at down side, copper for April delivery open at 374.50 and falling from that position and touches an intraday low of 372.70. On other hand nickel open at 919.40 against its previous close at 821.10. On intraday market nickel has good support ad it touches and high of 823.60 with a low of 818.30. Nickel, lead, zinc and aluminum all are on green side and expecting to trade low and positive today, while some negative movement might be seen around 3 pm.
Mentha oil is on positive side today on early morning in open at 1005 against its last close at 998.40. Mentha oil for April delivery are looking bearish and experience a good swing today, on intraday it touches a high of 1015 and low of 1001.10.

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 Today MCX call

BUY GOLD JUNE ABOVE 26280 TGT 26340, 26400, 26450 STOPLOSS 26050
BUY SILVER MAY ABOVE 43800 TGT 43900, 44000, 44100 STOPLOSS 43500
BUY CRUDE OIL MAY ABOVE 4820 TGT 4830, 4840, 4850 STOPLOSS 4790
SELL COPPER APRIL BELOW 372.50 TGT 370.50, 368.50, 365.50 STOPLOSS 379.50
BUY MENTHA OIL APRIL ABOVE 1007 TGT 1010, 1020, 1037……………STOPLOSS 977









Thursday, 11 April 2013

Today base metal trend updates and live free commodity tips for today


Today commodity market shows a red spot from morning, bullion on MCX are showing dull and negative movement on early trade. On MCX gold for June delivery open on dark side but on early trade it goes up with positive flag on first hour.  Due to low volume MCX gold crashes and touches an intraday low of 29055. Some more falls is being expected from gold with low positive movement during remaining trading session.  MCX silver for May delivery fall from a good level on early open price, today silver metal is open at 51488 and touches an intraday high of 51618 with a low of 51215. On MCX bullion regularly falling and comes near 6 month low.
Currently base metal is on red side at 2:30 pm, MCX copper are looking bearish on commodity market. From its opening price copper has continuing falling on red side and touches an intraday low of 409. Today MCX copper open at 412 slightly down against its last close. Nickel for April delivery shows volatile but slow movement on early trade. On early morning nickel prices are open on green side at 880.40 and goes up with an intraday high of 882 and low of 872.80. On evening session some correction are expecting on base metals.  Whereas zinc, aluminium and lead are looking dull for today trading but some correction might be covered on evening due to overseas market result.

commodity recommendation for today 

Sell gold below 29100 tgt 29050, 29000, 28900…………….stop loss 29300

Sell silver below 51350 tgt 51300, 51250, 51100……sl 51600

Sell copper below 409.50 tgt 408, 406, 405.50………sl 413.50

Sell nickel below 875.50 tgt 874.50, 873, 870.50……..sl 880.50



  
  

Friday, 5 April 2013

Precious metal movement for today and Evening commodity news


Yellow metal continue to fall on domestic market as well as in international market. On Singapore, today gold again fall and trading at may 2012 low.  Whereas investor are waiting for US job data are this report are on focus.  Us gold for June delivery is fall by $2.60 was at $1549.80. On India MCX for June delivery is trading in negative side and was at 29330 at 3:07 pm. Today movement on MCX gold is not very high and positive but it might be raised and some hike has seen in evening session. On currency market rupees also trading in downside and expecting to rise after US job data report.  
Today MCX silver for May delivery open at 50921 some point down to its yesterday close at 50955. On intraday market silver price touches a high of 51061 and low of 50763. On global market at Singapore silver fall by more than 0.60% and many analyst believe that this week precious metal is trading low. On Domestic market silver prices are going to rise on evening session with a good open interest.

Buy gold June above 29400 tgt 29430,29460, 29500………..sl 29300
Buy silver above 51100 tgt 51150, 51200, 51300…………sl 50900

On global market Brent crude oil price are slip by more than 2%, today it fall near 2 month low at $106.65. Due to the North Korea and US issues global crude prices continue fall. On domestic market at MCX crude oil prices are going to high after a weak low on this week.  Today crude oil open at 5103 for April delivery.

Buy crude oil above 5110 tgt 5120, 5130, 5140……..sl 5080











Saturday, 23 March 2013

Evening commodity market news and spot market trading tips for 22 march


India Mcx market all base metal are showing a red color except copper.  Today on MCX metal are open slightly high to its last close but lower demand forcing to trade in negative side. MCX aluminum is open at 103.50 but trend is supporting negative movement and on intraday price it touches a low of 102.80. While nickel, copper and lead are trading in negative side but some positive movement are expected on evening.  Today on MCX copper prices are following with a mixed volatile movement. On intraday trading it touches a high of 417.50 where as on downside it touches a low of 415.20. Nickel, zinc and lead are traded on negative side and supported a negative trend.
 
On MCX gold silver prices are traded flatting low negative today it opens at 29755 and on early trade it touch an intraday high of 29807 with a low of 29742. For today trading gold prices are expected to trade in the range of 29725 to 29896. Silver prices on mcx are falling by huge level and come to 54738 at 3:24 pm.   On commodity market it open at 54989 with an intraday high of 54989 and low of 54710.  Indian currencies are traded low that’s result in depreciation on silver and cotton.

Cotton prices for 29 march delivery are again falling by huge point on intraday trading. On early trade on mcx it open at 18750 and form that position it’s continue showing a negative movement and  expected more depreciation.  Cotton for March delivery touches a low of 18490.

Crude oil for April delivery are traded positive and expected go higher on evening session.  Global crude oil prices are varying on US and china market.  Euro problem affect price on Russian and European oil market and seems to some correction on upcoming weeks. 

Mentha oil is very volatile on MCX, today it open at 1140.50, on Asian market mentha oil continue trying to recover but fail to continue its journey towards positive direction.

Buy mentha oil above 1132 tgt 1135,1140, 1145………..sl 1119

Buy crude oil above 5065 tgt  5075, 5090……..sl 5040

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Saturday, 16 March 2013

15-3-13 commodity news and mcx calls for today


Today crude oil prices roses in global as well as domestic market, in New York there is an increment of 0.2% per barrel and comes to $93.19. While natural gas biggest giant Russia climbed by 2.1 %. Oil prices in Russia were also being strong day by day. In India MCX crude oil for 19 marches traded on green side. Mcx crude oil prices are open at 5040 and on intraday it touches a high of 5056.  

In base metal some positive sign is expected, industrial base metal climbed in US market. Some correction had seen in US metal on Friday morning.  Meanwhile on Domestic market copper and nickel perform well. On intraday nickel for 28 march delivery are traded on side at 3:20 pm at 934.20. Some correction may be expected on nickel prices for March delivery. On the other hand copper prices are varying and showing a mixed   movement on commodity market.

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Today MCX commodity calls

Buy copper above 426.80 tgt 428.50, 429, 430.80……………….sl  422.80

Buy silver above 54400 tgt 54450, 54550, 54700……….sl 54100  

Buy crude oil above 5050 tgt 5060, 5070,5090………..sl 5010

Sell mentha oil below 1215 tgt 1213, 1210, 1205………..sl 1225

Buy natural gas above 208.50 tgt 209, 209.50,210.50………….sl 206.50


Friday, 1 February 2013

31-01-13 mcx intraday gold,silver tips


                                                                           Intraday commodity tips




Sell gold (5 feb) below  30170 tgt 30140, 30100,30050 ---……………………sl 30300

Sell silver (5 mar) below  58900 tgt 58850, 58800,58700……….sl 59500

Buy crude oil (19 feb) above 5215 tgt 5225, 5240,5250…………sl 5170

Sell cotton (28 feb) below 16820 tgt 16800, 16790,16770…………….sl 16340

Sell nickel ( 28 feb ) below 976.90 tgt 976, 975,973………sl 984

Buy Mentha oil (28 feb) above  1300 tgt 1305, 1310, 1320…..sl 1270

Sell copper (28 feb) below 441.10 tgt 441, 440.80,440.50……….sl 443




Saturday, 19 January 2013

Weekly commodity report and today tips


Bullion
Today commodity market open on red side, top commodity moving with a red flag on MCX . Gold open at 30570 movement is looking little slow and opposite. In this week from the starting gold position is much unexpected and it perform on towards negative direction. Similarly trend following by silver today in the morning it open at 59351, its previous close is 59436. Silver continue loss its position from the last 3 day. A new fresh start is expected from the Monday on the bullion.
Crude oil
Crude oil price once in the week touch a line of 5200 and following same trend in early of week, but then continue falling from that position. Currently crude is traded at 5151 at 10:32am and expected to trade low today. But if we talking for upcoming week crude is expected to cross 5200 and work on the positive side.
Base metal
Today in base metal some positive movement is expected. If we talking about copper for Feb contract some positive jump is expected from it.  While nickel and aluminum is trading in the green side and little positive can be happen in the end of day. For upcoming week base metal is very good to work ad expected positive movement in this week.
Cotton
Today cotton opens on positive side by 3 point high to its last close at 16380. In the early morning it touches an intraday high of 16420 and a low of 16370. This week is good for cotton it crosses 16400 and traded on the positive side. For the upcoming week cotton is a best commodity to work.
Mentha oil
For mentha oil this week is not good almost most of time mentha oil is watching on red side. Mentha oil for January contract today open with red sign at 1338.10 few point down to its yesterday close at 1345.70. for intraday trader mentha oil is on position to sell, in the upcoming week mentha oil position is going to strong  so it’s good to hold position for future.

Today calls:-

Sell gold(5 feb) below 30570  tgt 30550, 30520…………sl 30610

Sell  silver (5 mar) below  59370 tgt  59350,59320………sl 59460

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Friday, 18 January 2013

18-01-13 Commodity movement


Bullion
On the MCX bullion continue it’s down trend and showing red again on the Domestic market. Yellow metal showing red flag and today’s open at 30670 yesterday yellow metal is closed at 30758. Gold is expected to trade more low on then MCX list. Gold for Feb contracts is on the lower side and expected to trade with a high support level of 30452 and a resistance of 30950. While the silver is for march contracts looking bearish today and goes more than -330 point of the MCX list. Today silver open at 59405 and from that position continue falling, movement in the silver on the domestic market for today is not too much high in the positive side. For today trading silver have a support level of 58689 and a resistance of 60500.

Crude and copper
Crude for Jan contract open at red side today on the MCX, on yesterday trading it is closed at 5181. The entire commodity on the MCX is now looking in the position to sell. Crude continue its falling on the Domestic as well as on the International market. On today trading crude is expected to trade in the range of 5070-5200.
Copper for Feb contract is trading on negative side but some positive movement expected from copper and base metal from the afternoon. Copper open at 439.10, and touch a intraday low of 438 on Domestic market.
Cotton and Mentha oil
Cotton for the Jan contract expected to trade low on domestic market, currently cotton position is showing downward direction from its opening position. Today cotton open 20 point high from yesterday close at 16360. Mentha oil is MCX looking to recover to its position but low demand on Domestic market give a strong competition to mentha oil. On the MCX it open at 1351.90 and touch a intraday high of 1352.some positive movement is expected from mentha oil on the next session.

Today calls:-

Buy cotton above 16350 tgt 16370, 16400………….sl 16290

Buy gold above 30690 tgt 30740, 30800++……………sl 30485

Buy silver above 59400 tgt 59500, 59600……………sl 59123

Buy crude oil above 5170 tgt 5180, 5200……..sl 5120






















Thursday, 17 January 2013

17/01/13 commodity tips


Bullion tips
Today commodity market open with the red sign, in the early morning bullion lost its position. If we talking about yellow metal its open 42 point down in the morning and from that’s point it’s lost control and go to downwards direction. Gold is expected to trade more low in the afternoon. Currently gold is down by more than -150 on the MCX. Similarly white metal follows the trend of yellow metal and goes   -483 point from its previous close at 2:18pm. Today in the morning silver open at 59706 and its touch a intraday low of 59220 and a intraday high of 59706. On the domestic market bullion is expected to trade low today. On the Forex market dollar lost its position by -0.45 point against Indian currency.

Base metal tips
In the Domestic market base metal lost its position from morning. On the MCX nickel open at 952.80 and its look week on the Domestic market. In the Global market nickel position is not constable, lots of up and down had watched in the previous week. Nickel for Jan contract continue with red flag and expected to drop more 4-5 point on the MCX. On the MCX copper position is move around 435 to 437, some negative movement is expected on the Domestic market for Feb contract.

Crude oil
Crude oil for Jan contract opens at 5143 in the domestic market and continuing fallen from that position. And on the global market crude is expecting trading low; Crude oil demand is expected to go slower in near the 2030.  Crude expected to drop more in the next trading sessions.

Today calls

Sell silver below 59225 tgt 59175, 59125, 59100………..sl 59650
Sell gold  below 30710 tgt 30680 , 30620……..sl 31000
Buy mentha oil above 1354 tgt 1360, 1371………….sl 1336
Sell cotton below 16350 tgt 16340, 16320,16300………..sl 16450
Sell crude oil  below 5114 tgt 5100, 5080……..5165

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Wednesday, 16 January 2013

Wednesday commodity market updates


GOLD AND SILVER
Today MCX showing a equally red and green on the index.  Bullion is looking little positive, but movement is not taking a big step. On Wednesday morning white metal is open at 59584 its last close is 59459. On the MCX silver touch a intraday high of 59630 and a low of 59519. Gold is looking positive today and expected to trade positive with some good jump on the next trading session. Gold is open at 30897 on Wednesday morning and touch a high of 30934 and low of 30878.
CRUDE OIL
Today movement in the crude oil is expected to trade low, it open at 3 point down from its last close.  Crude is expected to trade low on the Wednesday trading session. Crude touch a intraday high of 5131 and low of 5120. On the Global market crude demand is down that why the Asian market feeling some jerk on the crude position.
BASE METAL
On the MCX copper is open with positive flag and touch an intraday high of 442.75 , today copper open at 441.90. Copper is in strong position and have strong support level , expected to trade in range of 440 to 445.

 Today SELL  call

Sell cotton (31 Jan) below 16290 tgt 16270, 16250…………..sl 16350

Sell nickel (31 JAN) below 956 tgt 955  953,…950…………..sl 965

Sell crude oil(21 Jan) below 5120 tgt 5110, 5100, 4980…………sl …………5170

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Tuesday, 8 January 2013

Bearish base metal movement


After the good start on the MCX base metal fall in the other direction. Meanwhile the movement in the bullion is still low, silver is continuing with the green flag. On the other hand the movement in the gold is not looking in the good condition. Crude oil lost it position and showing lots of up and down in the market. Indian government raises a import duty on gold by 2%. Due to this bullion is required a strong support level.
Today the movement in the commodity market is not strong. Rupees position also affects the movement of crude and gold on the Indian market. Mentha oil support a red sign for the Jan contract.

Today calls

Buy gold  tgt 30950, 31000…….sl 31500

Sell cotton tgt 16420, 16400…..sl 16500

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Monday, 7 January 2013

commodity updates


Crude oil in the global market is hold a strong position in the last week, but starting of the crude this week is not very high the movement is very low in the global market, where as on the Saturday close   MCX crude oil for January contract is closed on the red side.   Currently on the fresh morning MCX crude is open with down side flag by 3 point to its last close at 5123. Its current price is 5114 at 10:33 am, on the MCX for 21 Jan contract. Crude oil is traded with the red flag down by 10 point, movement is not very excited in the early trade but expected to go high in the next session.
If we go towards the bullion its movement is looking positive today, gold is moving towards to touch a line of 31000 for 5 February contract where as white metal is 59000. Today bullion has a very good support for gold support level is 30680 and a resistance of 31402 , meanwhile silver is looking volatile the movement is unexpected today support level for is 57300 and a resistance of 58800. Both the commodity are open high to its last close gold is open 57 point high to its previous close at 30907 and silver is open at 58200 214 point high to its last close.
Today the movement of cotton gives some warm in the cold day, after the last worst week cotton is traded positive to its opening at 16350. Currently cotton is on the green side but the movement is not expected to more green. Cotton is expected to trade low day and trading between 16250- 16480.

Today calls

Sell crude oil (21 jan) below 5115  tgt 5105, 5090, ………….sl  5150

Sell cotton (31 jan) below 16360 tgt 16340, 16320…………..sl 16420

Buy silver (5 mar) above 58250 tgt 58300, 58400, 58500……sl 57900


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Saturday, 5 January 2013

05-01-13 commodity tips and updates


After the yesterday huge damage in  silver  today its open at 57701 and goes  497 rs high  from its last close at 57537 at 10:32 am. while the yellow metal is  also showing a green flag and its go 112 rs high from its previous close at 10:33 am .Its previous close is 30800. Dollar price support the gold level, with the positive  movement against Indian Rupees.base metal also trending positive in the market  copper and nickle trade low today.  Where as we are talking about the mentha oil is seem in good position today as compare to the yesterday trade. In this week cotton is the worst commodity  who shocked everyone this is the first  week in  the last two month where cotton show fully negative in the market. Meanwhile the movement in the crude oil  is very volatile from the starting of the year and we saw a lots of up and down in th crude oil . International market also showing the same position in the crude , in the Us market crude is affected by fiscal deflect and this is the  reason behind the Asian market low.
If we talking about the  whole week , movement in the bullion is showing  a strong positioning the starting of the week but on the Friday we saw a huge depreciation in the bullion especially in the silver. While the yellow metal is hold there position in the market and moving between the 30000-32000. Gold showing a good support and resistance this year and expected to  touch a target of 36000.   Going towards the base metal , copper and nickle showing a  good  move this week  while the lead , aluminum and  zinc moving positive with a low changes. Movement in the mentha oil and cotton and very unexpected in this week from the starting. Natural gas  showing a good movement its position is very stable in the market. This week natural gas is traded between 175 –190.

Today calls:-

Sell cotton(31 Jan) below 16410 tgt 16400, 16380…….sl 16450

Buy gold(5 feb) above 30900 tgt 30950, 31000………..sl 30800

Sell silver (5 march) below 57970 tgt 57900, 57850…..sl 58200


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Friday, 4 January 2013

Bearish commodity market news


There is a huge fall  in the silver today,from its  last close at 58651 . white metal is fallen by  -1118 point in the early morning at 10:31 am. US dollar has gaining a 0.40 point against Indian rupees after a two day low session. Today silver is open at 58525 and from that  position it continue follow the red sign. Where as yellow  is down comparative  from the white metal ,it goes  -147 point low to its last trading session.  Today  gold is open at 30925  and its day high is also the same position.  If we going  toward the base metal  they also fallen there position . the US deflect has make this changes in the  base metal . the position of base metal in the US market is not strong.
Copper  and crude also not in the position to support the precious metal. This fallen also affect the international market. Position on the LME  is also not very favorable to import the metal. The importation of copper  in the Chinese market  is already high in the last year.

Today calls:-

buy  silver (5 march) above  57200 tgt 57300, 57400, 57500……sl 56700

buy  natural gas (28 jan) above 177.50  tgt 178, 178.50, 179……sl 175

buy  mentha oil ( 31 jan) above 1428 tgt 1430, 1435, 1438…………sl

sell cotton (31 jan) below 16490 tgt 16480, 16460, 16450

sell copper (28 feb) below 447.70 tgt 447.50, 447, 446……….sl 449


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Thursday, 13 December 2012

today gold silver news



Today the bullion fall with a huge point, today white metal down by more than 1000 point, at 2:13 pm silver is trading on 62274, 950 point down by its previous close. Today on the MCX there is a long drop in the market. While the yellow metal is down by 204 point from its last close at 2:16 pm. Today gold is trading in the range of 30800-31500. It is advised to gold trader to hold a long position in the February contract. Silver is trading with a range of 63000-61800 with a stop loss of 61500 and target of 63450, hold our position.
Due to strong rupees against bullion, bullion not controls the position and fall by a huge point. In the December month this is a very large fall, gold is trying to consolidate the position but rupees pulling is leg again and again. Meanwhile the cotton is going in the good position to trade; it goes 70 point high at 2:30 pm. In the global market silver is pertaining in the bounce back situation. The upcoming year is for the commodity, and we soon feel that from the staring of the year.

Today calls:-
Buy gold tgt 31200,,31300….sl 31000
Sell cotton tgt 16640…16625………sl 16710
Buy silver tgt  62500….62700……sl 61190

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Friday, 30 November 2012

Today's commodity bullion updates


After the Wednesday fall the bullion is trying to recover from its position. Now the December is going to start the last month of the year, the eyes on the commodity how it going this month. It is expected that in 2013 the commodity is on the top gear and we see a new record on this.  According to the German bank Industrial metal is going to strengthen in 2013. This year the demand of gold in the Indian Market is very poor due to the increase in Import duty and poor Manson season.  Today on the MCX Bullion is trading in the red side; Gold is open at 31500 from the previous close of 31579. Today gold is trading with a support level of 31122 and a resistance of 32036. It is advice to trader to hold the position and for intraday trader sell gold below 31450 and buy at 31800.Meanwhile today silver is open at 62882 its previous close is 63052. Today silver is trading between 62001 to 63550. Currently silver is also in the position to hold but for buy it is better to buy 63800 with a stop loss of 61800.

Today’s calls

Buy gold tgt 31525…31575+++……………..sl 30800

SELL silver tgt  62800…..62750……………62700…sl 63700