Wednesday, January 16, 2013

Wednesday commodity market updates

Today MCX showing a equally red and green on the index.  Bullion is looking little positive, but movement is not taking a big step. On Wednesday morning white metal is open at 59584 its last close is 59459. On the MCX silver touch a intraday high of 59630 and a low of 59519. Gold is looking positive today and expected to trade positive with some good jump on the next trading session. Gold is open at 30897 on Wednesday morning and touch a high of 30934 and low of 30878.
Today movement in the crude oil is expected to trade low, it open at 3 point down from its last close.  Crude is expected to trade low on the Wednesday trading session. Crude touch a intraday high of 5131 and low of 5120. On the Global market crude demand is down that why the Asian market feeling some jerk on the crude position.
On the MCX copper is open with positive flag and touch an intraday high of 442.75 , today copper open at 441.90. Copper is in strong position and have strong support level , expected to trade in range of 440 to 445.

 Today SELL  call

Sell cotton (31 Jan) below 16290 tgt 16270, 16250………… 16350

Sell nickel (31 JAN) below 956 tgt 955  953,…950………… 965

Sell crude oil(21 Jan) below 5120 tgt 5110, 5100, 4980…………sl …………5170

FOR FREE trial FILL THE FORM..........


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