Tuesday, April 9, 2013

09/4/13 Evening MCX crude oil movement and commodity trend for today

Some positive smells are come from MCX gold in upcoming week, but these weeks in Asian market are trade with a sloppy movement. On Multi commodity exchange falls in gold prices after opening at 29525. On domestic market buying of physical gold are expected to up on auspicious day. Indian traders are ready to buy gold in wedding festival that was going to start from next week. On MCX gold prices for 5 June delivery touches an intraday high of 29567 with a low of 29483.
While silver prices are moving steadily with positive side and a high movement are expected from silver in evening trading session.  Today on MCX silver prices are open at 51201 with an intraday high of 51390 and low of 51176.
A high change had done in Asian market Crude oil prices after a World third economy monetary policy reviewed.  New York light crude for May delivery made a correction of 29 cent on USD 93.65/ barrel. Whereas another party North Korea Brent crude roses by 51 cent to USD 105.17 on early trade today.


 SELL GOLD JUN BELOW 29490 TARGETS 29467, 29442, 29414 STOPLOSS 29533

BUY SILVER MAY ABOVE 51250 TGT 51300, 51350, 51500 STOP LOSS 51000

BUY CRUDE OIL APRIL ABOVE 5115 TGT 5120, 5130, 5150 STOP LOSS 5080

BUY NATURAL GAS APRIL ABOVE 223.50 TGT 224, 224.50, 225.50 STOP LOSS 221.50

BUY  NICKLE ABOVE 885 TGT 856, 888, 890 STOP LOSS  880


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