Commodities continue falling on the MCX after the average
early trading session. Yellow metal is moving around 30900 and expected to go more
in downwards direction. Today gold movement is very volatile from the opening
of the day. While some positive movement had seen in the white metal in the morning
trading .Currently silver is moving with on the red side near about 59324. Currently
silver lost support level and expected to go more in deep red side. Some positive movement is expected near 3:30pm
in yellow metal.
ALL Base metal showing a red flag today, there is continuing
falling in copper, nickel and lead. Nickel is expected to trade low in the down
side with a support level of 945 and resistance of 968.
On the MCX, cotton for Jan contracts continue its positive movement
and crosses the number of 16300 in the trade. Cotton behave volatile on the MCX,
there is lots of unexpected change we saw from the starting of the year.
Mentha oil is on the green side; in the morning trading session
mentha oil is working with the red sign. Mentha oil for Jan contracts I supposed
to go higher in the left trading session and expected to touch 1360
today.
Today calls:-
Sell natural gas (28 JAN) below 187 tgt 186, 185,184…………sl
195
Sell lead (31 JAN)
below 123.95 tgt 123.50,123,…………125.80
Buy cotton above 16340 tgt 16350, 16360…16370………16280
Seed Newsvine
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