Friday 7 June 2013

Gold price down, crude oil update, agri commodities tips today 7 June 2013

The commodities are working very smoothly today, there is no such Hugh kind of changes has been occurred in the commodity price. 
The yellow metal open at 27882.00 decreases by 63 points at 27842.00 and internationally it drop by 3.10 points at 1412.60 takes a high of 1415.30 and low of 1411.50. The same thing happens with the white metal also. 

The mcx crude fall near about 0.20 percent to Rs. 5393 but globally it got an increment of 0.11 points to Rs. 103.72. Mentha oil looks in green shade gain highest point 29.50 against its previous close and goes higher and higher. 

As the rupee weak in market its effect can be easily seen in the agri products. Mixed trend were seen in Indian agri-commodity futures as the progress of monsoon started on. Thursday Soyoil dropped to Rs. 639.05 per 10 kg. 

As far as the ncdex products are concern they all are looking bearish from the morning trading time. The guar gum and guar seed looks positive for all future contracts. 

Sell barley tgt 1382 | 1372 | 1362 sl 1442 

Buy mentha oil tg 1002.5 | 1007.5 | 1012.5 sl 977.5 

Sell zinc tg 108.05 | 107.55 | 107.05 sl 111 

Buy chilli tg 6150 | 6160 | 6170 sl 6090

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