oil market trend, free mcx online tips, calls and news today 24th May

The commodity market seems to be change steadily as the time is passing. The commodities changes very speedily. Some are going up, some down and some remain in the same phase i.e. no change has been occurred in the price of the products. 

In the early morning trade the cost of gold rise by 20 points while the silver price down by 85 points against their previous close for the delivery of future. The cotton drop near 70 points at 18030.00 

The crude oil and the mentha oil looking bullish today, both of them are working in a positive side. Today Crude up by 0.48 percent and mentha up by 0.99 percent. 

The total availability of vegetable oil from Kharif and Rabi since 2012-13 up at 81.97 lakh as compared to last year 81.52 lakh tones. It’s import during 2012-13 increase by 5 to 7 lakh tones. Edible oil import rose by 11.6% to 51.38 lakh. During same period Palm oil import surge 34.5%. 

Amongst all the base metal the copper and nickel are fallen down and works in a red flag, while the rest of the metals are sharply increasing for future contract. 

Near about 6707 million pieces of circulation coin has been produced by Security Printing and Minting Corporation of India Ltd and supplied 6878 million pieces of coin in year 2012-13. 

BUY CRUDE OIL (June) TARGET 5248/5254/5260 STOP LOSS 5220 

SELL COTTON (May) TARGET 18025/18015/18000 STOP LOSS 18095 

SELL BARLEY(June) TARGET 1325/1320/1315 STOP LOSS 1365