Wednesday morning to be a great day for the trading as all the commodities are working in a positive side. All the base metals, precious metals as well as the energy sources are looking bullish.
The yellow precious metal gold gain 180 points or 0.63 percent to Rs. 28885.00 with a high of 29010.00 and a low of 28790.00 and the white metal silver gain 457 points or 1.10 percent to Rs. 42120.00 with a high of 42181.00 and a low of 41858.00
The crude oil price for August increases around 0.65 percentage at 6326.00 and the price of mentha oil decreases around 0.43 percentage at 883.00. Cotton is also showing bullish note.
buy silver target 42158/42183/42198 stoploss 42043
buy gold target 28947/28967/28977 stoploss 28837
buy cotton target 19735/19745/19760 stoploss 19670
The yellow precious metal gold gain 180 points or 0.63 percent to Rs. 28885.00 with a high of 29010.00 and a low of 28790.00 and the white metal silver gain 457 points or 1.10 percent to Rs. 42120.00 with a high of 42181.00 and a low of 41858.00 The crude oil price for August increases around 0.65 percentage at 6326.00 and the price of mentha oil decreases around 0.43 percentage at 883.00. Cotton is also showing bullish note.
buy silver target 42158/42183/42198 stoploss 42043
buy gold target 28947/28967/28977 stoploss 28837
buy cotton target 19735/19745/19760 stoploss 19670
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Today’s trends for commodity
ReplyDeleteLEAD (31 DEC) TREND: CONSOLIDATE
RES 1: 133
RES 2: 134.50
SUPP 1: 129.50
SUPP 2: 130.50
STRATEGY: BUY ON DIPS
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COMEX Gold is quoting at $1194.50 per ounce, up 80 cents per ounce on the day. MCX Gold futures are trading at Rs 26804 per 10 grams, down Rs 33 per 10 grams on the day.
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