Friday, April 12, 2013

MCX nickel,lead, mentha oil and crude position and free commodity tips for today

Today Indian currency moves up on green side from early morning, Indian rupees up by 10 paise against US currency. But no positive result comes on domestic market metals. On Domestic commodity market base metal are trying to recover from dark red side,  today on MCX  copper prices are moving with  green flag.  MCX nickel future delivery rose up by more than 4 point and touches an intraday high of 885 against its last close.  Nickel for April delivery touches an intraday low of 879.80. today nickel are experience volatile movement but mostly on positive side and on evening some more high movement are expected on spot market.

On overseas market lead demand has raised on the spot market, but some it not support domestic market lead prices. On MCX nickel for April delivery open at 113 and touches an intraday high of 113.10 against its previous close at 112.05. Lead prices on domestic market are expected to grow due to increasing in demand of batter maker. Copper for April delivery are trading slightly high to its last close. On domestic market copper prices trying to charge for April delivery, on early Friday morning MCX copper opens at 412.40 and touches an intraday high of 413.90 and low of 411.05. On spot market copper looks bullish with low movement and good demand in upcoming weeks.

Today MCX most traded commodity GOLD, SILVER and CRUDE traded low on negative side. On early trade crude oil goes to green side but lower demand pushes it back side. Crude for April delivery open at 5077 bit low against last close and touches an intraday low of 5038. This year crude oil is expecting to trade in the range of 5000 to 5300 in the first quarter. Whereas gold and silver prices are looks bearish with high negative movement.  On spot market gold for June delivery fall by more than -160 point against its last close 29184. On intraday gold touches a high of 29229 with a low of 28945. Today movement of gold is bearish and no high positive movement is expected but some correction where expecting on evening session.

Today calls

Buy silver May above 51300 tgt 51400, 51500, 51600………….sl 51000

Sell gold June above 29030 tgt 29000, 28970, 28930…sl 29130

Buy natural gas April above 227.50 tgt 228, 228.50, 229.50…………sl 225.50

Buy mentha oil April above  1030 tgt 1035, 1040, 1045……sl 1015


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