Wednesday 8 May 2013

Oil price down, mussels up, crude oil price, gold silver level, mcx call today

The rubber price has fallen down in china. Tocom was trading at 270.7 yen a kilogram. Its support is seen at 16350 and resistance at 16800 level. In the month of April the total import of china increase 14.7% and import also climbed 16.8%. 

The oil price is down in global market. In Indian market both crude oil and mentha oil works in a same position after a long time both are rising up. 

The demand for the mussels has increased in country. Mussels price have shot up 20 to 25 percent. It is now retailing at 80-90 rupee a kg. Mussel is the common name used for members of several families of clams or bivalvia mollusca, from saltwater and freshwater habitats. 

Its total production in country is around 40000 tonne. Last year its production went down around 10000 tonnes as compared to three years ago. 

In morning trade gold for 5 june delivery rise at 26760 up 0.14 percent and silver at 44868 up 0.02 percent for july. The support and resistance level of precious metals are : 
Gold r1 : 26971.8 s1 : 26472.2 
Silver r1 : 453331 s1 : 44388.8 

The base metals are decreasing simultaneously. Natural gas drop around 1.50 points and most important and strong metal copper drop near 1.20 points for the contract of June. 

BUY 

Mentha oil TGT 899.5/904.5/910.5 SL 879.1 

Cotton TGT 18080/18110/18140 SL 17930 

SELL 

Lead TGT 108.8/108.3/107.8 SL 111.85 

Aluminum TGT 100.3/99.8/99.3 SL 102.8

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