On 6th of May market is showing uptrend. Most of the products are looking bullish today whether it is a precious metal or base metal. The energy products are showing mixed nature.
The precious metals gold and silver for June delivery surges 98 points at 27060 and 128 points at 45305. It expected that in whole day they may work in a same position.
The base metals also get a good position in trading in morning session. The overall status of commodities is admirable. The products are looking good for trading.
The crude oil and mentha oil both are working in opposite direction. The crude oil is going up while the mentha oil down. Both are traded for the future contract. Crude oil gain 1.03% and mentha oil loss 1.63% against their previous close.
At national commodity and derivative exchange many of the products are in RED sign such as Barley, Caster seed, Chana, Chilli, Coriander, Pepper, Potato and soon.
TODAY’S CALLS
PRODUCT
|
STATUS
|
TARGET1
|
TARGET2
|
STOP LOSS
|
Gold
|
Buy
|
27111
|
27146
|
27002
|
Silver
|
Buy
|
45370
|
45400
|
45245
|
Mentha oil
|
Sell
|
886.9
|
879.9
|
902.1
|
Zinc
|
Buy
|
101.8
|
102.3
|
99.3
|
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