There is a huge fall in the silver today,from its last close at 58651 . white metal is fallen
by -1118 point in the early morning at
10:31 am. US dollar has gaining a 0.40 point against Indian rupees after a two
day low session. Today silver is open at 58525 and from that position it continue follow the red sign. Where
as yellow is down comparative from the white metal ,it goes -147 point low to its last trading session. Today gold is open at 30925 and its day high is also the same position. If we going toward the base metal they also fallen there position . the US deflect has make this changes in the base metal . the position of base metal in the
US market is not strong.
Copper and crude also
not in the position to support the precious metal. This fallen also affect the
international market. Position on the LME
is also not very favorable to import the metal. The importation of copper
in the Chinese market is already high in the last year.
Today calls:-
buy silver (5 march) above 57200 tgt 57300, 57400, 57500……sl 56700
buy natural gas (28
jan) above 177.50 tgt 178, 178.50, 179……sl
175
buy mentha oil ( 31
jan) above 1428 tgt 1430, 1435, 1438…………sl
sell cotton (31 jan) below 16490 tgt 16480, 16460, 16450
sell copper (28 feb) below 447.70 tgt 447.50, 447, 446……….sl
449
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