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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intraday base metal tips

On the MCX Base metal  showing  a average combination on the red and green , today nickel movement high in morning a  touch an intraday high of 935.40.the movement in base metal is not very high and expected to traded again low on MCX .

Sell  lead (31 Jan) below 126.80 tgt 126.50, 126………….sl 130

Buy nickel (31 jan) above 934.50 tgt 936,938, 945+++ …930

 Natural gas for Feb. contract continues falling from its opening position 186.10. On the MCX natural gas expected more red below.

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Sell natural gas (25 Feb) 183.80 tgt 183.50, 183, 182……….sl 185

Sell cotton (31Jan) below 16330 tgt 16320, 16300…16290…….sl 16400

Mentha oil for January contracts loses its momentum on MCX intraday session and continues its falling from early morning.  Mentha oil expected more fallen in the Domestic market.

Sell Mentha oil below 1284.40 tgt 1283, 1282, 1280, 1275…..sl 1295

Sell silver below 58150 tgt 58100, 58050, 58000 ……..58300

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Commodity Market Tips

Bullion and Base Metal

In the early morning commodity is trading on the lower side, especially base metal is moving on the red side. Today in the bullion market silver running on the green side and cross the point of 59000.  Silver move more than 450 point high in the early trade and expected to go higher in the next trading session. On the other hand yellow metal is following the white metal and expected to go towards the point of 31000. On the MCX cotton is behave every sensitive and showing positive trend from the early morning. Cotton is much unexpected from the starting of the year, today cotton touch an intraday high of 16350 and low of 16260. Cotton is expected to trade in the range of 16250- 16380.

Mentha and Crude oil

Mentha oil loss their support level and going down on the MCX , today mentha oil  is down by -42.30 at 2:52 pm from its previous close. Mentha oil is moving opposite to the crude oil, crude gaining its position day by day. Demand in the crude oil is on the top this year.

Today calls

Buy cotton (31 jan)above 16320 tgt, 16350, 16380………sl 16270

Sell mentha oil(31 Jan) below 1348 tgt 1345, 1340……….sl 1354

Buy silver (5 march) above 59190 tgt 59250, 59300………..sl 58700

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