Yesterday there was a lot of increment and decrement occur in the commodity products. As the time passes all the metals start recovering. From the early trade both the gold and the silver looking bearish.
Today, in the Asian market Brent crude oil for future rebounded near about $100 per barrel. At 10:35 AM crude oil on NYMEX was trading at $88.97 down by 0.07%.
According to National Commodity and Derivative Exchange it is expected that Turmeric to trade negative today. Major support is 6850 and resistance is 7200. It is good to sell it with the target of 6950 and stop loss of 7300.
Mustard Seed for August delivery is seems to be most active on Wednesday. It was last traded at 3524.00 and change by 19 in a positive side. Soya oil is also looking active for future contract takes a change of 6.9 points.
Gainers and Losers of the Morning trade
UP : Kapas (1.79%), Aluminium (1.22%), Natural Gas (0.88%), Cardamom (0.33%), Potato (0.51%)
DOWN : Crude oil (1.67%), Silver (1.08%), Copper (0.82%), Lead (0.72%), Gold (0.76%), Nickel (0.76%)
Expert Advice
Barley sell
Tg 1310 : 1295 Sl 1365
Wheat sell
Tg 1405 : 1395 Sl 1445
Nickel sell
Tg 388.75 : 386.75 Sl 395.75
Menthe oil sell
Tg 975.5 : 971.5 Sl 994.5
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