In NMCE the rubber price for May delivery traded in a positive note. It’s support seen at 15700 and resistance at 16250 levels. Traders can buy it with target of 16250 and 16350 and stop loss of 15700. In early trade, today rupee rose by 13 paise to 54.12 against the US dollar. Yesterday rupee gained 12 paise at 54.25. The mcx commodity market is looking bearish today.
The metals are going in a depth, the yellow metal drop by 0.410 percent to its previous close and white metal drop by 0.44 percent to Rs. 45085 with a high of 45439 and low of 45055.00
The crude oil takes a change of 15 points and mentha oil changes by 2.30 points down for future delivery. Both are working in a low note. Levels for the mentha oil are 977.3 and 965.7.
For 28 June contract copper slipped by 0.10 points at Rs. 389.10 and cotton up by 30 points or 0.22 percent for future delivery against its previous close. 18130 is its high and its low is 18080.
In the international market gold, brent oil, silver, natural gas, soyabean oil are looking in a red sign while US wheat, cotton, coffee, London sugar are going up.
Gold sell tgt 27025/27010/26995 sl 27135
Silver sell tgt 45032/45007/44992 sl 45179
