Friday, November 30, 2012
Thursday, November 29, 2012
Bearish gold silver commodity news
Today commodity is showing a red dark sign In the market, on the MCX there is a deep Sharp fall in all the commodity. In the domestic market this is the first time in this week when there is deep fall on the MCX. Today bullion break the back bone of the MCX by downing more then 800+ point combined, silver goes -600 point to its previous close while gold goes -250 point. Today the support for gold is31500 and resistance is 32471; similarly silver has a support level of 62250 and a resistance of 63580 for the December contract. This is the same situation on the crude oil but there is not too much fallen. Meanwhile in the global market base metal is also closed at lower side this is due to strengthen in the dollar price yesterday session.
Today Mentha oil has a good support level and is the top commodity that’s trading with a green sign. Mentha oil is going 22.90 point high at 1.54 pm on the MCX 30 November contract. Today there is a very high risk to trade in the market. The position is very unstable in the base metal and the market is looking to go more with red sign today.
Today’s MCX calls:-
Sell silver tgt 62300….62350……………
Buy menthaoil tgt 1375….1380………..sl 1350..
Buy gold tgt 31650….31700..
Wednesday, November 28, 2012
commodities market news
In the global market gold make a very consolidate position,
this year gold climb day by day. India again retained their number 1 position
in the gold consumption. Finance minister and the RBI say that the gold position
creates a pressure on the country economy. High importation of gold from any
country disturbs the economic position. The global output of has been around
4,000 tons per year. But India’s domestic consumption of gold has more than
doubled to 1,000 tons annually since 1999, in spite of the fact that the white
metal prices have been steadily rising.
In the global crude Europe account for 16% of world crude oil
consumption which is almost half of the US and CHINA consumption together. On
the India MCX crude oil for December delivery has climbed up by 0.39% in the
previous close
.
My personal opinion about bullion it that is goes more higher
till the December and hold a good position in the market , Market is in good
position to trade for commodities let’s see how far bullions breaks its previous
records.
Tuesday, November 27, 2012
mcx commodity trading tips
Today commodity market is moving with a slow movement, the
entire commodity is trading is positive but the movement is very slow. Bullion market
is very volatile today, silver price on MCX trading touch a high of 64133 with
a day low of 63820.yesterday silver is closed at 63734,and its go 155 point
high at 1.28 pm. While the yellow metal is breaking today not an enough move in
the morning as compare to last week. Yesterday gold is closed at 32359 today
its goes only 9 point high at 1.31 pm with a high of 32453. While talking about
cotton market, Indian government not placed any ban for cotton export in this
season of 2012-2013 according to the report of cotton advisory board (CAB). In the
global market cotton price is decline due to the overstocking and lower global
mill demand in the previous cotton season. On the MCX trading cotton is trading
with positive sign with a rise of 50 point to its previous close. India cotton
export is the highest in the 2011-2012 of 129 bales which is highest ever.
Indian government increase the export duty on iron ore from 20% to 30%.the government
has a proposal to ban export of iron ore according to the Indian Minister of
mine.
Today’s calls:-
Buy cotton tgt
16260..16270……..16275………..sl 16230
Buy crude tgt 4930….4940….sl
4890
Buy silver tgt 63910…….63950…….64000……….sl
63400
today silver is going in the down position after the morning good jump. yellow metals also favoring the silver.silver current price is 63555 at 5.01 pm and is in buying position similarly gold is also in the position to buy. while the base metal also not showing a good movement except cotton ,cotton is on the great position to buy.
Monday, November 26, 2012
today gold silver updates
The world largest bullion
consumer India is taking an action to limit the import of gold; the country
current account is deficit by 39% in the fiscal year of 2011-2012. India is the
biggest importer of gold and oil. In the early of the November China replace India
in the world biggest consumer of gold. On the MCX Mumbai today gold is traded with
a positive movement rise by 160 point at 2.24 pm. In this last week bullion are
the top commodities that jump a good point. Today resistance for gold is 32500
and support level is 32003. Meanwhile the white metal is on the top gear from
the last week, in the global market silver is the top performing commodity this year
According to BRTISH BANK. In the domestic market silver performing well
and in a good position to buy.
Today’s calls
Buy silver tgt
63770..63800.63900…..64000…….sl 62600
Subscribe to:
Posts (Atom)
Seed Newsvine
