Thursday, January 3, 2013

Thursday commodity market tips

Precious metal

Silver has been the top performing and gainer after the US fiscal deal. Silver price has risen on the comex by 0.3%. On the Asian market silver is performing a positive side, on the MCX silver is going o touch a target of 60000. Yesterday silver has cross a point of 59000, and continue the loop with a 345 point hike today at 10:39 am. Meanwhile the gold price in the International market is weaker from the starting of the week. On the MCX gold is performing with a positive flag and goes 116 points high in the early trade session at 10:44 am. India is top importing of gold that why the people are shouting due to the price of gold in the International market.

Crude oil

Crude oil in the global market not performing well is cause low position. While the crude oil is have a good support in the Indian market. On the MCX crude oil for January contract showing a good movement form the week. Today crude oil is goes 21 point high at 10:57 for January contract.

Base metal

Base metals have a strong support on the MCX. Especially copper and nickel showing a good move in the early trade on the Thursday morning. Copper is up by 3.90 point at 11:07 am. Meanwhile the last year worst performing commodity is showing a strong position this year. Nickel hike up by 12.60 at 11:.09 am.



Today buy calls

Buy silver (5 mar) above 59260 tgt 59300, 59400, 59500……….sl 58853

Buy gold (5 Feb.) above 31130 tgt  31170, 31250………….sl  30900

Buy crude oil (21 jan) above 5070 tgt 5080, 5100……  5035

Today sell calls

Sell cotton (31 jan) below 16530 tgt 16510, 16490, 16480…….sl 16580


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