In evening session time at national commodity and derivative exchange a drastically change occure in the price of products. Coriander used to work in a green gloom with a high rise in points, in morning it was opened at 5175, turmeric is showing seeling trend as it is going down and down with a hugh decrement. If we talking about the ncdex jeera then it try to trade in a downward side with a little amount of changes.
Here in multi commodity exchange gold and silver changes their phase from positive to negative and are trading in a red flag. With the precious metals other metals are also chnages their position, most of them are showing decrement levels. From the last session or from a last couple of days main source of cloths that is cotton is strongly rising up for future contract. The base metals are showing mixed nature.
Ultimately we can say that a mixed reaction is coming from the mcx and ncdex commodities. Some are violently going upward while some are love to work in a negative side. As far as trading concern so its an average day.
Cotton buy target 20215 | 20230 | 20245 stop loss 20160
Crude oil sell target 6481 | 6475 | 6469 stop loss 6510
Here in multi commodity exchange gold and silver changes their phase from positive to negative and are trading in a red flag. With the precious metals other metals are also chnages their position, most of them are showing decrement levels. From the last session or from a last couple of days main source of cloths that is cotton is strongly rising up for future contract. The base metals are showing mixed nature.
Ultimately we can say that a mixed reaction is coming from the mcx and ncdex commodities. Some are violently going upward while some are love to work in a negative side. As far as trading concern so its an average day.
Cotton buy target 20215 | 20230 | 20245 stop loss 20160
Crude oil sell target 6481 | 6475 | 6469 stop loss 6510
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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Spot gold rose 0.3 per cent to $1,215.93 an ounce by 0240 GMT. The metal closed up 0.3 per cent on Wednesday, after dropping to a six-week low of $1,197.56 earlier in the session.
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