As compared to Tuesday today market is working in a good condition. All the metals whether it is a precious or base looking in a bullish mode in the early trade. Natural gas is slipped by 0.90 points at 232.70.
At 11 AM Gold and silver surge 51 and 66 points against their previous close. The support and resistance for the products are :
Gold R1 : 26675.9 S1 : 26404.1
Silver R1 : 44096.4 S1 : 43221.6
Barley was opened at 1347 change in price by 0.67 percent in positive direction. It takes a high of 1364.5 and low of 1345. Its spot price is 1325.75 and best price is 1354.5. Its good to buy it.
In the morning session Chilli for the delivery of 20 August going down 18 points or 0.29 percent to its previous close and Chana for June contract going up. The Jeera, Pepper and Wheat are also showing the same trend as of Chana.
At 11:08 AM suddenly products changes their position the silver converted from green sign to red sign down 19 points and the base metal Nickel drop by 1.50 points at 793.00
For future contract Mentha oil decreases nearly around 2.31% with a volume of 1203 and Crude oil goes up 0.27% got a change of 7.96 percent in its open interest.
Multi Commodity Exchange
BUY GOLD TG 26580/26600/26620 SL 26482
SELL MENTHA OIL TG 927.5/922.5/917.5 SL 395.8
National Commodity and Derivative Exchange
BUY SOYA BEAN TG 3782/3772/3760 SL 3800
SELL PEPPER TG 36100/36200/36300 SL 35300
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