Today crude oil prices roses in global as well as domestic market, in New York there is an increment of 0.2% per barrel and comes to $93.19. While natural gas biggest giant Russia climbed by 2.1 %. Oil prices in Russia were also being strong day by day. In India MCX crude oil for 19 marches traded on green side. Mcx crude oil prices are open at 5040 and on intraday it touches a high of 5056.
In base metal some positive sign is expected, industrial base metal climbed in US market. Some correction had seen in US metal on Friday morning. Meanwhile on Domestic market copper and nickel perform well. On intraday nickel for 28 march delivery are traded on side at 3:20 pm at 934.20. Some correction may be expected on nickel prices for March delivery. On the other hand copper prices are varying and showing a mixed movement on commodity market.
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Today MCX commodity calls
Buy copper above 426.80 tgt 428.50, 429, 430.80……………….sl 422.80
Buy silver above 54400 tgt 54450, 54550, 54700……….sl 54100
Buy crude oil above 5050 tgt 5060, 5070,5090………..sl 5010
Sell mentha oil below 1215 tgt 1213, 1210, 1205………..sl 1225
Buy natural gas above 208.50 tgt 209, 209.50,210.50………….sl 206.50