Thursday commodity market tips

Precious metal

Silver has been the top performing and gainer after the US fiscal deal. Silver price has risen on the comex by 0.3%. On the Asian market silver is performing a positive side, on the MCX silver is going o touch a target of 60000. Yesterday silver has cross a point of 59000, and continue the loop with a 345 point hike today at 10:39 am. Meanwhile the gold price in the International market is weaker from the starting of the week. On the MCX gold is performing with a positive flag and goes 116 points high in the early trade session at 10:44 am. India is top importing of gold that why the people are shouting due to the price of gold in the International market.

Crude oil

Crude oil in the global market not performing well is cause low position. While the crude oil is have a good support in the Indian market. On the MCX crude oil for January contract showing a good movement form the week. Today crude oil is goes 21 point high at 10:57 for January contract.

Base metal

Base metals have a strong support on the MCX. Especially copper and nickel showing a good move in the early trade on the Thursday morning. Copper is up by 3.90 point at 11:07 am. Meanwhile the last year worst performing commodity is showing a strong position this year. Nickel hike up by 12.60 at 11:.09 am.

 

 

Today buy calls

Buy silver (5 mar) above 59260 tgt 59300, 59400, 59500……….sl 58853

Buy gold (5 Feb.) above 31130 tgt  31170, 31250………….sl  30900

Buy crude oil (21 jan) above 5070 tgt 5080, 5100……..sl  5035

Today sell calls

Sell cotton (31 jan) below 16530 tgt 16510, 16490, 16480…….sl 16580

 

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evening commodity tips

Today in the fresh morning commodity market is going down in the bullion market.similar thing happen in the base metal , zinc ,lead nickle all are moving in the downside.  Meanwhile the bullion is also in the red side. Bullion today down by more than -100 point in the early morning trade from its last close. Silver is expected  to trade with a major support of Rs 56560 and resistance of Rs 60300. While the yellow metal is trading low today and in the sell position and trader is advised to hold a long position ,gold have a low  support of  Rs 30450 and a resistance of Rs 31260   .base metal  in the china and US has get a strongest  position from past few days. US  GDP has grown by 3.1%. while the crude oil is trading low in the domestic  as well as global market. On the MCX crude is expected to trade low today, crude for January have a good support level 4890 with a resistance of  4970. Cotton market  is not very satisfactory from last week , and trading in the low red downstream.its current position is 16380 at 11:04 am.

mentha oil..... buy above 1397.40...tgt 1398...1405...1410.......sl 1380

sell zinc tgt 112.3...112,,,,111.............sl 114

buy crude oil tgt 4920 ....4930.....4950....sl 4880

Today calls:-

SELL GOLD FEB BELOW 30755 TARGETS 30730 , 30679 , 30654 STOPLOSS 31300

SELL JEERA MARCH BELOW 15180 TARGETS 15170 , 15150 , 15100 STOPLOSS 15210.

Sell copper below 437..tgt…436.70,,,,,,435,,434…….sl  439

Sell cotton below 16370…….tgt 16360…13350…16330……….sl 16410

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Bullion movement today

Today in the fresh morning commodity market showing a good movement, gold and silver in on the top today gold is trading with a green flag going up by 75 point to its previous close at 10:30am. Gold is trading in the very stable condition and expected to go higher, gold have a support level of 31200-31120 and a resistance level of 31462-31650. While the silver is also looking in the good move today going 371 from its previous close at 10:40, its previous close is 61347. Silver is having a good support level 61100-60800 and a resistance level of 62100-62500. On the Asian market commodity is on the very constant position. In the Indian market falling in rupees give a little high to yellow metal. On the base metal copper is trading on the bit high, moving positively and rise by 1.60 point from its last close. There is a sharp increment in the crude oil from last 2 days. Crude is looking in to good position to buy for intraday trader. On the Chinese market the demand the is disappointed due to high prices.  In the Asian market bullion support a strongest level due to the tension in the Middle East.

Today calls-

Buy gold(5 feb) tgt 31500……31600……..sl 31230

Buy silver (5 mar) tgt 62000…62300…62450……….sl 61500

Buy crude(21 jan)  tgt 4885 ….4900…….sl 4840

Buy copper(28 feb) tgt 449….449.50…450……sl 446.80

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