The oil price is down in global market. In Indian market both crude oil and mentha oil works in a same position after a long time both are rising up.
Its total production in country is around 40000 tonne. Last year its production went down around 10000 tonnes as compared to three years ago.
In morning trade gold for 5 june delivery rise at 26760 up 0.14 percent and silver at 44868 up 0.02 percent for july. The support and resistance level of precious metals are :
Gold r1 : 26971.8 s1 : 26472.2
Silver r1 : 453331 s1 : 44388.8
The base metals are decreasing simultaneously. Natural gas drop around 1.50 points and most important and strong metal copper drop near 1.20 points for the contract of June.
BUY
Mentha oil TGT 899.5/904.5/910.5 SL 879.1
Cotton TGT 18080/18110/18140 SL 17930
SELL
Lead TGT 108.8/108.3/107.8 SL 111.85
Aluminum TGT 100.3/99.8/99.3 SL 102.8
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