MCX gold fall by for than 3%, mcx cotton,crude and silver trying to recover

Gold prices continue their negative movement and fall form morning, in morning it go bit high and touch an intraday high of 29604 where as on downside it touches a low of 29532 for April delivery. Mcx gold for March delivery drops by more than 3%. In the overseas market gold playing above $1600 an ounce, due to increase in import duty demand in gold has reduced.  Mcx silver falls by more than -200 point from its opening price. Today on early morning it open at 54036 and form that position it continue falling and touches an intraday low of 53860.

Some correction may be seen on evening after 6:00 pm. Today gold is expected to trade with a support of 29460 and a resistance of 29658.

Today Silver expected to trade with a support level of 53680 and resistance of 54475.

Natural gas for 25 April in future traded low with a mixed movement.  On intraday it touches a high of 224.40 whereas on downside it touches a low of 221.50. On domestic market natural gas this week are expecting a bearish trend while so such high movement had seen in natural gas so far compare to previous year.  

Today in commodity market mcx cotton open at very high position of 19000 but showing a dull movement. On intraday a long jump might be seen on evening trading session. 

  

Today recommendation

Buy cotton above 18650 tgt 18680, 18720, 18800………….sl 18400

Buy crude oil above 5260 tgt 5270, 5280, 5290…….sl 5230

Buy silver above 53700 tgt  53800,53900, 54000 ………sl 53400

For more call fill free trial form………..

21-02-13 Bullion news and intraday tips

Today whole MCX showing red hot color, from morning gold continue falling from its opening position.  On domestic market gold prices fall by more than -250 point, currently no positive movement is expected from bullion. On early morning silver prices goes slightly high on MCX but after that silver price fall by -600 point .silver in last two days  fall by more -1500 point. For intraday trading silver is expecting to trade bearish.

Sell gold below 29420 tgt 29380, 29320, 29270…………..sl  29570

Sell silver below 53300 tgt 53200, 53100, 53000………..sl 53600

Today intraday commodity tips

Sell crude oil below 5130 tgt 5120, 5100, 5080……..sl 5180

Sell cotton below 17560 tgt   17530, 17500, 17470…….17650

Sell mentha oil below 1426 tgt 1424, 1420, 1415……..sl 1437

Sell zinc below 113.50 tgt 113, 112, 111.50…….sl 115.50

Sell lead below 125.50 tgt 125, 124.50, ..sl  126.50

MCX updates today

Today commodity is running with a red flag, the movement is not very straight for trading. On MCX crude oil for 21 January contract is going 33 point downward to its last close at 3:21 pm. Crude oil situation is very volatile in the market and is expected that crude will seen more red in this week. The global market is also not is the good position crude loss their position day by day. While the copper for 28 February is also showing up and down trend from the Monday morning.  On the MCX copper current price is 436.35 down by 1.70 point to its last close. Today’s cotton give a high shock to all the trader by going 120 point low on the starting of the week at 3:27 pm. Cotton price is now in the very stable position and  to go some more low point in the today trading session. Its current price is 16550 for 31 December contract. Meanwhile the bullion is also showing red and green today, white metal is moving with a positive green sign, currently the position of silver is very good for trade and the movement is expected on the further trading.

Today calls:-

SELL COPPER FEB BELOW 436.50 TARGETS 435.4 , 433.9 , 432.4 STOPLOSS 439.9.

Buy silver above 58177..tgt 58250…58300….58400………….sl …57700

Sell crude oil below 4892……4885….4870…………..sl ..4925

for free trial fill the form...............and get free mcx tips and more commodity tips