Friday in the evening session time at multi commodity exchange all the commodities are looking bearish. The cotton is the only one among all products which is looking bullish and maintained its position.
In the morning trade gold was traded in a positive side but as the time goes on and on it changes its direction and started to work in a negative side. Gold price slumps by 0.14% at 27367.00 and the silver price slumps by 0.93% at 41054.00
For July contract cotton is going up. At 4:42 pm the commodity gains 260 points or 1.35 percent to Rs. 19520.00, it takes a high of 19570.00 and a low of 19160.00. The base metals are totally working in opposite direction as of cotton.
BUY COTTON ABOVE 19500.00
TARGET 19515 | 19530 | 19545 STOPLOSS 19450
SELL SILVER BELOW 40990.00
TARGET 40960 | 40940 | 40930 STOPLOSS 41070
In the morning trade gold was traded in a positive side but as the time goes on and on it changes its direction and started to work in a negative side. Gold price slumps by 0.14% at 27367.00 and the silver price slumps by 0.93% at 41054.00
For July contract cotton is going up. At 4:42 pm the commodity gains 260 points or 1.35 percent to Rs. 19520.00, it takes a high of 19570.00 and a low of 19160.00. The base metals are totally working in opposite direction as of cotton.
BUY COTTON ABOVE 19500.00
TARGET 19515 | 19530 | 19545 STOPLOSS 19450
SELL SILVER BELOW 40990.00
TARGET 40960 | 40940 | 40930 STOPLOSS 41070
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