Friday, January 4, 2013

Bearish commodity market news

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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