Country’s number one exchange Multi commodity Exchange get a total net profit of more than 16% to Rs. 76.63 crore from Rs. 65.95 crore. With these the shares of MCX’s has rose to 87.3% from 86% in the previous year.
It is the world largest exchange in gold and silver, second largest in copper and natural gas and third largest in crude oil.
As we see the market structure the products are looking bearish as the trading starts. The precious metals highly drop down. All the products are moving very slightly, there is no sudden change can be seen in commodities. They are highly diminished with the current level.
The natural gas is the only one working up in a green shade with the gain of 0.60 point at 235.00 against the previous close. In Asian market the crude oil price has increased as the US market recovered but today there is a slump has been seen in the crude and mentha oil price.
The gold decreases by 30 points to Rs. 26600 for June and silver by 97 points to Rs. 43610 for July contract. The support and resistance level for the gold and silver are :
GOLD R1 26782.0 S1 26477.2
SILVER R1 44074.2 S1 43339.8
BUY
Jeera above 13470 Tg 13490 | 13510 | 13530 Sl 13380
Gold above 26735 Tg 26750 | 26768 | 26786 Sl 26655
SELL
Chilli below 5664 Tg 5654 | 5644 | 5634 Sl 5714
Cotton below 18130 Tg 18115 | 18100 | 18085 Sl 18200
It is the world largest exchange in gold and silver, second largest in copper and natural gas and third largest in crude oil. As we see the market structure the products are looking bearish as the trading starts. The precious metals highly drop down. All the products are moving very slightly, there is no sudden change can be seen in commodities. They are highly diminished with the current level.
The natural gas is the only one working up in a green shade with the gain of 0.60 point at 235.00 against the previous close. In Asian market the crude oil price has increased as the US market recovered but today there is a slump has been seen in the crude and mentha oil price.
The gold decreases by 30 points to Rs. 26600 for June and silver by 97 points to Rs. 43610 for July contract. The support and resistance level for the gold and silver are :
GOLD R1 26782.0 S1 26477.2
SILVER R1 44074.2 S1 43339.8
BUY
Jeera above 13470 Tg 13490 | 13510 | 13530 Sl 13380
Gold above 26735 Tg 26750 | 26768 | 26786 Sl 26655
SELL
Chilli below 5664 Tg 5654 | 5644 | 5634 Sl 5714
Cotton below 18130 Tg 18115 | 18100 | 18085 Sl 18200
Today'sBest Commodity Tips
ReplyDeleteSELL COPPER (FEB.) BELOW 445.00 TG-443.50/441.50/439.00 SL-447.50 free intraday tips for today
Crude oil prices rebounded in Asia on Monday as investors bet nervously on a down-to-the-wire decision by OPEC to curb output as proposed.
ReplyDeleteMCX Crude Oil tips