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Sunday, February 24, 2013

weekly commodity report and commodity movement for monday


This week bullion showing lots of movement in both directions, in early of week gold and silver moving towards red side but in middle of week it show a good movement a crosses 54000 of line on silver while gold showing comparatively low. In domestic market yellow metal  show 7 month low  in future,   gold in US market climb up by 0.13% on Friday.  A positive smell is comes in domestic and global market for gold. Silver for 5 march gain a 0.65% on Saturday morning. In upcoming week bullion is expected to high.

Buy gold above 29750 with a sl of 29310

Buy silver above 53800 with a sl of 53000

Meanwhile base metal in whole week showing red color, copper and nickel both are down by from a good position.  Nickel price are falling down on MCX, currently nickel is moving around 910 to 950 and in upcoming week some positive movement will expected from base metal.

Buy nickel above 925 with a sl  of 900

Buy copper above 425 with a sl 418

Natural gas on MCX traded low in upcoming week, natural gas for 25 February delivery moving around 170 to 180. For intraday trader it is advice to buy above 175 with a sl of 170.

Cotton on MCX is on good position; on domestic Indian market cotton regularly updates its position with a positive trend. Cotton prices are expected to trade high on Monday.

Buy cotton above 17950 with a sl of 16950.

Crude price are floating between 5000 - 5100 on MCX. Recently after the EURO report crude prices goes bit high but due to lower support in US and china market it again lost it position.

For Monday intraday it advice to buy above  5080 with a sl  5010.

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