Friday 30 August 2013

Silver slips by 1146 points, crude oil trend, nickel down, base metal tips for today august 30' 2013

After a good serve from the last couple of days today at multi commodity exchange a highly decrement has been seen in the price of the products. The commodities are working in a negative side with a lost of lots of points for future. 

The precious metals silver slumps around 1146 points at 54396 against its previous close touches an intraday high 55550 and a low 54327 similarly the gold decreases by 501 points at 33149 touches an intraday high 33648 and a low 33090. 


The base and the energies are used to follow the same path as of the precious metals. Brent crude for October slid to a low of $113.63 a barrel and was down 77 cents at $114.39 by 0436 GMT, extending a 1.2 percent fall on Thursday. U.S. crude for October delivery fell $1.12 a barrel to $107.68 after hitting a low of $106.75. 

The crude oil price fall by 249 points and mentha oil by 6.70 points where the cotton has dipriciating around 240 points to Rs. 22320, the base metal Nickle is falling sharply for September month by 24 points at 933.80. 

NICKEL SELL TARGET 932, 930, 928 STOPLOSS 939 

CRUDE OIL SELL TARGET 7199, 7191, 7180 STOPLOSS 7220

17 comments:

  1. Today Indian market again finished with over 1 per cent led due to implement in rupee and RBI order for buying gold (Jewellery), Nifty is up 1.16% while Sensex end with 1.19% led.......... INTRADAY TRADING TIPS and TOMORROW STOCK TIPS

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  9. MCX UPDATE : KINDLY BOOK PARTIAL PROFIT IN GOLD BUY CALL 1ST TARGET ACHIEVED.
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  14. Epic Research has updated about MCX that Silver trading range for the day is 41802-42554.

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  16. Asian stocks were trading higher after Wall Street ended on positive note on Friday as investors sentiment were buoyed by strong US data.capitalstars

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