live gold|silver price and commodity news 05-03-13

Today bullion open slightly down, gold open at 29649 from it yesterday previous close 29668. Today market is looking little positive with volume. On MCX gold is trading on red side and expected to trade on bearish side.  Today white metal open at 54434 and on intraday movement is looking very volatile and some hike is expected from silver.

Sell gold below 29630 tgt  29600, 29570, 29530……sl 29730

Sell silver below 54850 tgt 54800 , 54700, 54600……sl 55100

Today intraday calls

Buy crude oil above 4960 tgt 4970, 4980,5000…….sl 4920

Buy cotton above 18290 tgt 18300, 18320, 18350, 18390………..sl  18190

Sell mentha oil below 1258 tgt 1255, 1250, 1245………………sl 1271

27-02-13 commodity tips and Union budget affect on commodity market

Today commodity market are showing bearish trend, on MCX. Bullion is open on negative side and falling down from that position. No positive movement is expected from gold and silver.  UNION Budget is going of open today and Mr. P Chidambaram going to announce it.  Let’s see what change they made on UNION budget on 2013-14.

Costs on silver jewelry are going too reduced. On MCX   from morning silver price are drop down by -550 and more negative movement is expected before budget declaration. While yellow metal is also supporting white metal and showing red flag from morning.

Buy gold above 29900 tgt 29950, 30000,30100……29700

Buy silver above 54000 tgt 54150, 54250, 54400…………sl 53600

Crude oil is moving between the ranges   4980-5006, some positive movement is expected from crude in evening session.

Buy crude oil above 5010 tgt 5020, 5030,5050……………sl 4970

Today trading tips

Sell copper below 421 tgt 420, 418, 415…………sl 427

Sell nickel below 893 tgt 890, 885, 880……..sl 996

Sell mentha oil  below 1450 tgt 1445, 1440, 1430……..1470

Buy cotton above 17880 tgt 17900, 17920, 17950…….sl 17810

14-02-13 Base metal tips and bullion strategy for today

 Today movement in gold and silver is falling down in red side, gold continue falling on MCX. On FOREX US dollar prices are on green side but a bit low. Gold showing strong down trend and touch intraday low of 30505. Silver again comes on red side, today silver fall by more than -200 point on MCX and continue to fall. While on base metal after morning little positive movement all base metal are fall down and expected to show more red on MCX. Copper, nickel, zinc, lead all are watched on red side at 3:27 pm. Cotton market going on boom on MCX this year, cotton price increases day by day in domestic market.

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Sell silver (5 MAR) below 57300 tgt 57250, 57200…57150….. 57450

Sell gold (5 Apr) below 30520 tgt 30490, 30460,30420………sl 30620

Buy cotton(28 feb) above 17090 tgt 17110, 17130, 17150……..sl 17030

Sell crude oil (19 FEB) below 5230 tgt 5220, 5210, 5200………sl 5260

Sell nickel (28FEB) below 985 tgt 983, 980,975………..sl 995

Sell zinc below 117.50 tgt 117.30, 117, 116.50……….sl 118.50

Buy copper (28 FEB) above 444.50 tgt 445,445.50, 446……..sl 443