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Sunday, February 3, 2013

02-02-13 Saturday commodity market tips


Today in commodity market bullion open in positive side, gold open at 29986 and touch a intraday high in early trading. Whereas silver open slightly down from last close and open at 58502 and on MCX is down by 80 point at 10:16 am.

Sell gold below 29900 tgt 29870, 29840, 29800…………….sl 30050
Sell silver below 58400 tgt  58350, 58300…………..sl 58542

On MCX Crude oil for 19 Feb.  Trading with a dull movement today it open at 5185 and goes slightly high and touch an intraday high of 5191
.
Buy crude oil above 5189 tgt 5195, 5200…5215…………sl 5167

Base metal is looking towards green side, except copper, copper for Feb. contract is moving slowly towards negative side on morning it open at 444.05 and touch a high of 444.15 and low of 443.70. While other base metal like lead, zinc, aluminum and  nickel all showing some positive attitude but not appreciable.

Sell copper below 443.75 tgt 443.50,443………..sl 444.20

On MCX today Mentha oil is working bit positive and move with good speed, Mentha oil is open at 1297.90 and expected to go bit high.

Buy Mentha oil above 1296.40 tgt 1297, 1300, 1305……………sl 1282

Today Cotton price looking positive on the commodity market,  it open at same price o which it closes last.   
Sell cotton below 16740 tgt 16730, 16720……sl 16750.

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