Wednesday, 5 June 2013

Wednesday 5/6/13 evening commodity updates, buy mentha oil, mcx ncdex tips

In the evening time a totally different look has been seen in the price of commodity products. In morning trade most of the metal seems negative but currently all the mcx products whether base metal, precious metal or energy products all are looking bullish. 

For June crude oil gain 17 points or 0.32 percent to Rs. 5317 with a high of 5325 and a low of 5280. Similarly, mentha oil gain 13.90 points or 1.48 percent at 955.20 with a high and low of 961.10 and 941.50

A drastically changes has been occurred in base metals. Cotton surge 40 points at 18920.00 for June. Today caster seed is ranges bound between 3280-3400. At 11:39 am it was trading up by 0.33% at Rs. 3347. 

Mentha oil buy above 955.90 
Target 960.9 | 965.9 | 969.9 Stop loss 940.9 

Cotton buy above 920.00 
Target 930 | 940 | 950 Stop loss 870


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