Thursday, August 29, 2013

29/0813 commodity trend for evening session || Today base metal trade positive in future delivery nickel and lead prices jump in Indian market

After morning low positive trend precious commodity look to move ahead, a high fluctuation is going to seen in green side. On Thursday morning recovering in Rupees commodity trade in low positive side, yellow metal for October delivery gain 0.96% to 33720 while touch a day high of 33842 per 10 gram. Silver prices in September delivery fall in early trading and some negative movement is seen ad expected a volatile trend in evening session at MCX. Gold price at MCX fail to continue its 34000 and break down below 34000 per 10 grams.
Crude oil prices are more positive in this week due to dollar demand and Syria Critical condition crude oil in Domestic market jump and continue its rally towards up side. However, Brent Crude fall below $116 after two day gain , Mcx crude oil for future delivery play at 7432 at 2.55 pm by increment of 1.16% .
base metal prices take a small jump at MCX due to rising in firm demand, nickel for future delivery on early morning moved up by 1.51% to 955.40 per kg at MCX. At LME nickel prices climbed up by 0.4% to $14,240 per
 tonnes , at MCX for future trade nickle price last watched at 949.30 per tonnes. Copper at Mcx for august delivery on its second last day of trading jump by 1.50% to 491.40 with an intraday high of 495.30 per tonnes. On evening trade metal are looking in low side with a volatile trend at Mcx.

BUY GOLD OCT ABOVE 33450 TGT 33500 TGT 33550, 33700 STOPLOSS 33150

BUY SILVER SEP ABOVE 55500 TGT 55600, 55700, 55900 STOPLOSS 55150

BUY CRUDE OIL SEP ABOVE 7390 TGT 7410, 7430, 7460 STOPLOSS 7330

BUY LEAD AUG ABOVE 148.30 TGT 148.80, 149.30, 150 STOPLOSS 146



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