The precious metals are looking bullish today with them the mentha oil, nickel and cotton are also raising. Gold gain 77 points, silver gain 16 points, mentha oil gain 1.40 points, nickel gain 1.20 points and cotton gain 20 points.
The crude oil slumps around 31 points or 0.53% to Rs. 5775.00 with a high of 5800.00 and low of 5770.00 against its previous close 5806.00 for the delivery of the July month. The support level for commodity is 5765.9 and resistance is 5846.1
The Minimum Support Prices (MSP) of bajra has been raised by Rs. 75 per quintal and of moong at Rs. 4500 per quintal. Soyabean (black) and sesamum increased by Rs. 300 per quintal and Rs. 4500 per quintal.
Crude oil status sell
target 5771 | 5766 | 5761 stop loss 5796
Copper status sell
target 406.35 | 405.85 | 405.35 stop loss 409.8
LEAD (30 SEP.) TREND: CONSOLIDATE
ReplyDeleteRES 1: 129.50
RES 2: 130.50
SUPP 1: 126.50
SUPP 2: 125.50
STRATEGY: SELL ON HIGH
MCX tips
SELL COPPER At 385.20 T1- 384.50, T2- 383.60, T3- 381.30 with SL- 388.45 epicresearch.co
ReplyDeleteBase metals prices on the London Metal Exchange are up by an average of 0.2% this morning, Thursday May 11, ranged between up 0.2% for aluminium and down 0.7% for nickel – three-month copper prices are up 0.5% at $5,537 per tonne. Volume has been average with 5,493 lots traded as of 07:01 BST.MCX tips
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