Gold Silver update, Crude oil looking bearish, best commodity tips for today April 18' 13

MCX NEWS 

Thursday, it is seen that the gold and silver are further going to sell. In the international market gold fell by more than 1 percent in early trade. Globally silver is also trading negative. For May at 10:00 am it was slipped by 0.91% at $23.113. 

Oil price is also in under pressure. Brent oil is further low below $97 a barrel. Crude oil lost 20 points to Rs. 4681 against its previous close. Today it opened at 4702 down by 1 point. 

NCDEX NEWS 

In current market the production of ncdex Sugar in country reached 24.1 million tonnes down 2% from 24.5 million tones. Near about 793 lakh sugarcane were crushed to produce 7.2 million tonnes of sugar. 

Coriander support for today was seen at 6700 while resistance at 7120. The product may trade negative today. A sharp fall in the price of coriander happened due to lower production. 

Jeera is moving in a side way looking bearish for short term. Expert says that it is good to buy above 13336.7 with the stop loss of 12931.5 

INTRADAY CALLS 

Sell Crude oil below 4682 tgt 4620/ 4612/ 4601 sl 4700 

Sell gold below 254201 tgt 25386/ 25361/ 25346 sl 25521 

Sell silver below 43000 tgt 42955/ 42920/ 42835 sl 43150

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