Wednesday, March 27, 2013

MCX commodity trend for today and MCX gold silver tips for 26 march

In domestic market oil prices are going on high but in Asian market that are affected and falling in Singapore, whereas in New York May delivery had fall by 9 cent to $94.72 per barrel.  On MCX crude oil prices for 19 April are open at 5158. On intraday market it touches a high of 5185 with a low of 5157. For today trading some higher also expected in crude prices and hopes to crosses the level of 5200.  

Buy crude oil above 5180 tgt 5190, 5200, 5210……………sl 5150

Today base metal show down trend, MCX nickel prices are showing a mixed reaction on early trading it touches an intraday high of 921.70 with an intraday low of 915. Some positive movement is expected in evening session. Whereas MCX copper prices are looking to comes in green side and expected some positive movement in evening. Copper for 30 April delivery open at 416.60 and it touches an intraday high of 417.60 with a low of 415.40.

Zinc price are drop by more than 0.29 per cent on MCX for future trade. On MCX  it open at 104.20 and on early trade it reflect a negative data while for 28 march delivery it goes up and touches an intraday high of 104.40 with a low of 103.90.

Gold prices are dropped down by more than 0.35% for April delivery. Global gold prices were also trying to recover; US gold also lost by 0.5 % an ounce. Today at MULTI COMMODITY EXCHANGE gold prices are open at 29555 and from that position it fall and touches an intraday low of 29435. For intraday gold prices are expected to show some correction on evening.

MCX silver fall by more than -200 point for may delivery. From morning no positive movement had seen in silver from its opening position and on intraday it touches a low of 53924.

 Cotton show mixed reaction on intraday trading for 29 march contract. At Multi commodity exchange it open at 18440 in early traded cotton trading low a touch an intraday low of 18320 while after some time a huge correction had seen in it and mcx cotton touches an intraday high of 18710.  

Sell gold below 29450 tgt 29420, 29380, 29350…………………sl 29550

Sell silver below 54000 tgt 53950, 53900, 53800……sl 53200


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