Wednesday 15 May 2013

Today 16 May 2013 Crude oil price and level || mcx best commodity trading calls

Today mcx commodity market is fluctuating a lot, some of the metal are showing uptrend while some downtrend. The energy product seems to be in both side positive and negative. 

The precious metals gold and silver are working in the same trend as they were in yesterday. Both are going down in a red flag for the future. It is expected that the whole day they may be trade in same position. 

The crude oil drop down at 5134.00 by 26 points while the mentha oil gain 8.80 points at 918.10 for the delivery of may. the support and resistance for the products are : 
Crude oil R1 : 5227.9 S1 : 5092.1 
Mentha oil R1 : 919.4 S1 : 899.2 

The cotton is looking bullish today and it changes its position simultaneously within a second. In the base metals lead slipped by 0.23 percent against its previous close. 

Most of the products at national commodity and derivative exchange showing buy trend. Barley open at 1328 and takes a high of 1329.5 and low of 1328. Coriander price rise by 0.1 percent to Rs. 6842.00 

Caster seed of September contract drop by 0.11 percent at 3739 with an open interest of 350 and for August it takes a jump 0.14 percent at 3648. 

Crude oil sell 
Tgt 5126 | 5116 | 5106 Sl 5186 

Silver sell 
Tgt 43126 | 43101 | 43086 Sl 43251 

Nickel buy 
Tg 818 | 818.5 | 819 Sl 813.7 

Zinc buy 
Tg 100.2 | 100.7 | 101.2 Sl 96.65

1 comment:

  1. • Gold breaks below $1200, further downside seen.
    • Oil prices fall on strong dollar, trading thin ahead of OPEC meeting.
    • Indonesia Replaces Australia as Top Alumina Supplier to China, SMM Says.
    MCX Crude Oil tips

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