Morning commodity prediction || gold silver bearish today || intraday trading calls for mcx

In morning trade hot gold and silver for future fall today instead if we move towards the base metals then they seems to be strong and going high. MCX nickel opened at 857.30 against its previous close which was 850.00 up 7.30 points. It is expected that they may be try to maintained the same position till the end of the day. Cotton is moving incredibly as its price is rising. 

MCX energies commodities following both the paths positive and negative. Crude oil is trading in a green shade with a morning high 6572.00, internationally its goes on decreasing and decreasing got a change of 0.13 percent down and the mentha oil opens with a gain of 15 points but after sometime changes the path and working in a depriciating level. 

BUY COTTON OCTOBER ABOVE 20360 TGT 20370, 20375, 20385 STPLS 20300 

BUY CRUDE OIL AUGUST ABOVE 6556 TGT 6562, 6568, 6574 STPLS 6536

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Today 12/7/13 mcx ncdex commodity market update, level and trading buy sell calls

MCX : 

Friday most of the products are looking bearish for the future contract. Yesterday the silver was closed at 41697 and today opened at 41561 down by 136 points and the gold was closed at 26677 and opened at 26693 down by 16 points. 

The crude oil is trading in a negative side while the mentha oil was trading in a positive side. The support for crude is seen at 6193.5 and resistance at 6372.5 and the support level for mentha oil is seen at 918 and resistance at 934.2 

The base metals copper, zinc, aluminium, nickel, lead are working in a downward direction. The cotton is also used to follow the same trend as of the base metals decreases by 170 points at 19820.00

NCDEX : 

Barley seems to be trade in a positive side for all session while the chilli is trade in a negative side. The coriander and jeera is strongly going down for July delivery. Jeera slipped by 57.5 points at 13500 and the coriander price drop by 121 points at 5795. 

In the international market wheat, soyabean oil and corn has been traded in a negative side. The US wheat slips by 0.18% to Rs. 681.12 and the wheat price drop by 0.18% at 681.12 

SELL COTTON TARGET 19785/19770/19755 STOP LOSS 19870 

SELL ZINC TARGET 111.65/111.15/110.65 STOP LOSS 115.15

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Friday ncdex kapas trend, cotton live status and intraday future trading tips

Yesterday was a quite interesting day for the Indian commodities, as far as today’s market concern it is highly changed and looks positive. The gold and silver surge 87 points and 112 points. Thursday gold was closed at 27158 and silver was closed at 44421. 

As the festive season is running the demand for the cloths is also high in market, cotton for June is trading at 18680 up 70 points or 0.38 percent. Friday it opened at 18400, 70 points up against its previous close. Ncdex kapas is also working high at 1088.5 with a gain of 1.68% 

The base metals like aluminium, copper, lead, nickel are trading in a positive side while the zinc is drop by 0.05 points. The energy sources follow the same trend as of precious metal. 

If we talk about the ncdex commodities then most of the products are showing buy trend while one or two of them are slipping down like chilli, coriander and jeera.
              At 11:05 there is no change has been occurred in the price of wheat, it remain as it is. 

Silver Status Buy 
Tgt 44603/44628/44643 Sl 44478 

Coriander Status Sell 
Tgt 6823/6813/6803 Sl 6883

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