Monday, December 24, 2012

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………… ..4925

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