Friday, April 5, 2013

Precious metal movement for today and Evening commodity news

Yellow metal continue to fall on domestic market as well as in international market. On Singapore, today gold again fall and trading at may 2012 low.  Whereas investor are waiting for US job data are this report are on focus.  Us gold for June delivery is fall by $2.60 was at $1549.80. On India MCX for June delivery is trading in negative side and was at 29330 at 3:07 pm. Today movement on MCX gold is not very high and positive but it might be raised and some hike has seen in evening session. On currency market rupees also trading in downside and expecting to rise after US job data report.  
Today MCX silver for May delivery open at 50921 some point down to its yesterday close at 50955. On intraday market silver price touches a high of 51061 and low of 50763. On global market at Singapore silver fall by more than 0.60% and many analyst believe that this week precious metal is trading low. On Domestic market silver prices are going to rise on evening session with a good open interest.

Buy gold June above 29400 tgt 29430,29460, 29500……… 29300
Buy silver above 51100 tgt 51150, 51200, 51300…………sl 50900

On global market Brent crude oil price are slip by more than 2%, today it fall near 2 month low at $106.65. Due to the North Korea and US issues global crude prices continue fall. On domestic market at MCX crude oil prices are going to high after a weak low on this week.  Today crude oil open at 5103 for April delivery.

Buy crude oil above 5110 tgt 5120, 5130, 5140…… 5080


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