Thursday, December 20, 2012

mcx commodity news updates

Firstly congrats to the most capable person for prime minister post for their local win. Today election result gives a new fresh movement to the domestic commodity market. Movement in the commodity market is not higher today but is expected that the entire commodity take a jump after the 4 pm. Bullion running with a green positive flag, as I told the 2013 is for the bullion the range of silver between 53000 to 78000.white metal is expected to grow as their fastest movement in 2013 and touch a all time high. This will help the economic growth of India. Meanwhile the movement in the gold is also carrying some good movement between the second quarters of 2013.  The price of dollar is also taking a good lead against India currency. While in the global market the base metal will also get success in the 2013. On the MCX today gold is in the good position to trade. It goes 97 point high at 1:56 pm from its previous close. The similar movement seeing in the white metal it goes 63 point high at 1:57 pm to its last close. Crude oil loss it position due to the Middle East problem, the Asian market also not in the good position. The fiscal cliff gives a help to the crude oil from recovering to its position. Let see what US fiscal cliff change in the world of economic and commodity.

Today calls
Buy gold tgt 30950…31000…… 30600

Buy silver tgt 59700 …59800…59900……sl 59200

Mentha oil tgt 1370….1380…..1390…….sl 1330

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