At multi commodity exchange the products are changing their position very fast. As compared to yesterday most of the products are looking bearish today.
If we talk about the precious metals then the gold up by 162 points and silver down by 111 points. The support and the resistance of the metals are :
gold S1 25272 R1 26393
silver S1 40586 R1 43835
All the base metal and the energy product such as zinc, copper, lead, aluminium, crude oil and mentha oil working in a negative side. They all are seems to be in Red flag and traded in the same position.
The natural gas and the cotton are the only one which shows perfectly uptrend from the morning session as the trading has been started.
Buy Red Chilli
Target 5760, 5780, 5810 stop loss 5660
Sell Nickel
Target 828.6, 826.6, 824.6 stop loss 839
Sell Crude Oil
Target 5239, 5233, 5228 stop loss 5265
Buy Chana
Target 5996, 5706, 5716 stop loss 5646
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