Tuesday, January 15, 2013

Commodity Market Tips

Bullion and Base Metal

In the early morning commodity is trading on the lower side, especially base metal is moving on the red side. Today in the bullion market silver running on the green side and cross the point of 59000.  Silver move more than 450 point high in the early trade and expected to go higher in the next trading session. On the other hand yellow metal is following the white metal and expected to go towards the point of 31000. On the MCX cotton is behave every sensitive and showing positive trend from the early morning. Cotton is much unexpected from the starting of the year, today cotton touch an intraday high of 16350 and low of 16260. Cotton is expected to trade in the range of 16250- 16380.

Mentha and Crude oil

Mentha oil loss their support level and going down on the MCX , today mentha oil  is down by -42.30 at 2:52 pm from its previous close. Mentha oil is moving opposite to the crude oil, crude gaining its position day by day. Demand in the crude oil is on the top this year.

Today calls

Buy cotton (31 jan)above 16320 tgt, 16350, 16380………sl 16270

Sell mentha oil(31 Jan) below 1348 tgt 1345, 1340……….sl 1354

Buy silver (5 march) above 59190 tgt 59250, 59300………..sl 58700

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