Friday, January 25, 2013

24-01-13 mcx gold-silver-crude-cotton-tips

Gold is on the Red shade from its last close, today it open at 30673 some point down from last trading session. Some unexpected change we will see today on the MCX. Positive movement may be expected after 11:00 am on gold. While in Forex market dollar price is looking strong against Indian currency. That will give some positive movement to gold. Today silver is losing its yesterday position from the opening of market.  On the MCX it open at 59780 and touch an intraday high of 59780 its opening position from that position it’s continue falling from its position and touch a intraday low of 59465.

SELL GOLD FEB BELOW 30670 TARGETS 30647 , 30622 , 30594 STOPLOSS 30713

Sell silver (5 mar) below 59570 tgt 59520, 59470,59400………

Today cotton looking slightly positive on MCX  for Jan contract and expected to trade in down side.

 Sell cotton below 16330 tgt 16320, 16300, 16280……sl 16410.

Movement in crude continues falling and expected to down more On MCX. Global crude demand is varying on the market that why Asian market and domestic market feeling some falling in the crude price.

Sell crude below 5150 tgt 5140, 5120, 5100…….sl 5200

Mentha oil  today for Jan contract is running with RED flag and expected more red shade as day passes, some positive movement is predict on after 2:00 pm.

Sell mentha oil below 1293 tgt 1291, 1288,1280……… 1345

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