Silver touches 2004 points, indian rupee down 3%, crude oil price up, buy sell ideas for today

The Indian rupee breached 68.50 against the U.S. dollar to a record low on Wednesday. The partially rupee crashed over 3 per cent to hit a low of 68.55 as against Tuesday's close of 66.24. 

Wednesday the same trend has been follow by the commodities at multi commodity exchange, all the base metals, energies and the precious metals are highly rising up today against their previous close for the future delivery. 

The yellow metal goes up with a gain of 771 points at 34486 touches an intraday high 34600 likewise the same act perform by the white metal as it surge 2004 points at 59294 touches a high of 59580. 

The crude oil energy works superbly while it is moving towards the high level, at 10:51 am its price reaches to rupee 7731 up by 376 points. The other energies natural gas and the mentha oil also looking bullish but their is no sharp changes occure in their price, they used to move slowly in upward direction. 

If we jump towards the base metals then here the two most strong metals copper and nickel got a great change, the copper gain 11 points while the nickel gain 19.20 points for august. 

BUY COTTON TARGET 23640/23660/23680 STOPLOSS 23550

BUY CRUDE OIL TARGET 7725/7735/7745 STOPLOSS 7690 

BUY NICKEL TARGET 990/991/993 STOPLOSS 982 

BUY GOLD TARGET 34351/34371/34391 STOPLOSS 34280

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Free MCX NCDEX commodity call, jeera is going up today, evening crude oil price

Their is a vast correction made in the price of the mcx commodities, the whole market lookling greenish. The Gold, Silver and Crude oil are expanding too much today. In the evening trading session silver gains 1611 points at 55398 likewise the gold gain 913 points at 32789. 

If we talk about the energies then their is an unexpected changes has been occured in crude oil as it jump approximately 178 points to Rs 7046 having an intraday high 7054. Its support level is seen at 6825.1 and 6744.3 while the resistance is at 6910.9 and 7010.3. 

Internationally the precious metals and crude oil is rising very smoothly. India's NCDEX market is showing mixed trend as the food grains products are sometimes going up or sometimes down. Just like spicy Chilli is looking bullish for all session where its totally opposite sweet Sugar is looking bearish for different future delivery. Jeera follows the same path as of the chilli. 

MCX 

Buy Crude oil TGT 7057, 7065, 7072 SL 7027 

Buy Nickel TGT 943, 944, 945 SL 939 

NCDEX 

Buy Chilli TGT 5772, 5782, 5790 SL 5740 Buy 

Jeera TGT 13802, 13812, 13822 SL 13777

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Morning commodity intraday trading tips || crude oil price today 2/8/13

Friday at 11:15 am the precious metals gold and silver are looking bearish for future deliveries. Both are strongly working in a downward direction. Gold price slumps by 345 points at 27875.00 and the silver price slumps by 557 points at 40850.00 

CRUDE OIL AND MENTHA OIL : The energy products are showing totally opposite trend as of the precious metals. The base metals are used to follow the same trend of the gold and silver, all the metals are trying to work in a negative side. 

The cotton seems to be the strongest one among all the products because from the last couple of days the cotton is the only one which looks bullish and still is looking positive. 

sell gold tg 27970/27990/22800 sl 27860 

sell silver tg 40836/40811/40796 sl 40950

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Today 10th May 2013 intraday future trading calls | crude oil price | copper update

Friday morning market works in a downside. Gold and silver are looking bearish as compared to yesterday. Gold fall 113 points and silver down 290 points for future contract. 

The base metals are going in depth, all are working in a red shade. The most strongest metal among all the base metals copper shed by 0.70 points and at 10:46 suddenly nickel changes its position from negative to positive and gain 0.30 points at 835.60. 

In Asian market the crude oil price has slipped today. Light sweet crude for delivery in June shed around 24 percent at $96.15 a barrel and sugar dropped by 0.21 percent at 486.10. 

Cotton takes a high of 18100 and low of 18030 with the change in price of 0.61 percent in a positive side for May delivery. 

Mcx call 

Sell silver target 44890 | 44915 | 44930 stop loss 44956 
Buy cotton target 18100 | 18130 | 18160 stop loss 17950 

Ncdex call 

Sell chana target 3346 | 3336 | 3326 stop loss 3426 
Buy jeera 12830 target 12845 | 12860 | 12875 stop loss 12745 

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