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Thursday, February 7, 2013

06-02-13 Best intraday commodity trading tips and commodity market news


Today commodity market open with a red shade, gold and silver looking in bearish trend .gold continue its res session while silver yesterday was looking in green side. For today intraday trading gold and silver both are expected to trade low, but some positive movement is expected in middle of session.

Support level for gold is 30350 with a resistance level of 30800
For silver support level is 57600 and a resistance level of 58950.

Sell silver below  58200 tgt 58150, 58100, 58050-----………..sl 58500

Sell gold below 30590 tgt 30570, 30550,30500……………sl 30610

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Natural gas for 25 Feb on MCX trading green side, it open at 179.50 and its previous close is 178.90. on MCX natural gas touch an intraday high of 181.70 and expected to trade higher.

Buy natural gas above 181 tgt 182, 185, 190………………sl 175

Crude oil on domestic market as well as global market fighting with lower demand that the reason behind its down trend. In Indian commodity market at MCX crude oil open at 5140 and from that position it’s continue falling and touch an intraday low of 5132.

Sell crude oil below 5135 tgt 5130, 5120, 5110………..sl 5159

Sell cotton below 16570 tgt 16560, 16540, 16510……….sl 16625

Buy mentha oil above 1312 tgt 1315,1317, 1320++++…………sl 1306

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