Monday in the morning trade the precious metals are looking bearish likewise the base metals are also going down. The energy product mentha oil and cotton are used to work in a positive side.
For future contract the yellow metals gold decreases by 289 points to Rs. 26731.00 and the white metal silver decreases by 666 points to Rs. 40920.00. This week may be the precious metals work in bearish side.
The energy products crude oil and natural gas are slipping down with the rate of change of 20 points and 3.20 points, mentha oil surge 18.50 points at 1051 and the cotton gain 180 points at 19610.00
BUY
Cotton above 19590 target 19605 | 19635 stop loss 19530
Menthe oil above 1049.90 target 1054.9 | 1059.9 | 1064.9 stop loss 1029.9
SELL
Gold below 26747 target 26717 | 26697 | 26687 stop loss 26827
Silver below 40956 target 40921 | 40896 | 40881 stop loss 41046
For future contract the yellow metals gold decreases by 289 points to Rs. 26731.00 and the white metal silver decreases by 666 points to Rs. 40920.00. This week may be the precious metals work in bearish side.
The energy products crude oil and natural gas are slipping down with the rate of change of 20 points and 3.20 points, mentha oil surge 18.50 points at 1051 and the cotton gain 180 points at 19610.00
BUY
Cotton above 19590 target 19605 | 19635 stop loss 19530
Menthe oil above 1049.90 target 1054.9 | 1059.9 | 1064.9 stop loss 1029.9
SELL
Gold below 26747 target 26717 | 26697 | 26687 stop loss 26827
Silver below 40956 target 40921 | 40896 | 40881 stop loss 41046
