Today’s the movement in the commodity market is not very high. All the commodity are trading with a low side. Base metal is looking towards the red side from the early morning. Bullion are trading a little high t its last close, the movement is expected near 4:00 pm. The demand in the gold is reduce after the fiscal report. Movement in cotton is expected today and it performs well in the first session of trade. Meanwhile the menthe oil is step up and move towards the positive side and cross 1400.its goes 22 point high to its previous trading session at 2:49pm.
There is some movement has been seeing in the natural gas in the morning session. Natural gas for 28 Jan is trading positively and up by 3.60 point at 2:51pm.
Nickel again lost its momentum and goes to red side. In the last week nickel perform well but as day started nickel continue to move in the downward side. This year nickel is expected to perform well due to the increment in the demand in the Asian market especially in china this support the price of nickel.
Today buy calls
Buy cotton tgt 16430, 16450,…………sl 16350
Buy menthe oil tgt 1430, 1440…….sl 1395
Buy natural gas tgt 184.50, 185………….sl 183.50
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