Saturday commodity market news, soyabean level, sugar trend, intraday trading call today

Today the gold and silver is looking bullish in morning trade for future delivery. Silver was opened with 7 points down at 41490.00 and the gold was opened with 37 points up. At 10:29 gold gain 55 points and silver gain 56 points. 

The energy oil is going down crude oil slip by 6 points at 5608 and mentha oil slip by 3.80 points at 1025 while there is no change has been seen in the price of the natural gas, it remain steady at 227.00 

The mcx base metals are trading in both the directions positive and negative. This whole week a lot of changes have been occurred in the market. The rupee lost its value and two days ago silver were slipped around 1200 points, so it was a very disastrous. 

Ncdex sugar may trade around 3020-3005, soyabean may trade in positive note with the support level 3825 and resistance level 3942. Yesterday it was closed at 3880 per quintal with a loss of 1.51%. 

Cotton buy tgt 19395 | 19400 | 19410 sl 19360 

Copper buy tgt 408.4 | 408.9 | 409.4 sl 405.4 

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June 17’2013 gold silver price || cotton updates || free base metal trading tips

Monday the yellow metal gold was opened at 27899.00 up by 20 points against its previous close. But at 10:49 it drop by 0.03 percent to Rs. 27872.00. The same thing happen with the white metal silver it was opened at 43860.00 up by 26 points, at 10:50 it slips by 0.35 percent for the future delivery. 

The crude oil also looks bearish today, rather than this all the other base metals and the energy products are working in a positive side with the surge of high points. It may be a quite interesting day for trading. 

Cotton which was traded in a positive direction last week, today it drags by 190 points at 19200.00 for the delivery of June month. It takes a high of 19330.00 and low of 19180.00. On India’s national Commodity and Derivative Exchange the commodities are showing both the trends up and down. 

Cotton sell target 19205 | 19190 | 19175 stop loss 19280 

Mentha oil buy target 1052.1 | 1058.1 | 1064.1 stop loss 1026.3

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Shares of MCX increases, precious metal level, crude oil price today 30th May

Country’s number one exchange Multi commodity Exchange get a total net profit of more than 16% to Rs. 76.63 crore from Rs. 65.95 crore. With these the shares of MCX’s has rose to 87.3% from 86% in the previous year. 
It is the world largest exchange in gold and silver, second largest in copper and natural gas and third largest in crude oil. 

As we see the market structure the products are looking bearish as the trading starts. The precious metals highly drop down. All the products are moving very slightly, there is no sudden change can be seen in commodities. They are highly diminished with the current level. 

The natural gas is the only one working up in a green shade with the gain of 0.60 point at 235.00 against the previous close. In Asian market the crude oil price has increased as the US market recovered but today there is a slump has been seen in the crude and mentha oil price. 

The gold decreases by 30 points to Rs. 26600 for June and silver by 97 points to Rs. 43610 for July contract. The support and resistance level for the gold and silver are : 
GOLD R1 26782.0 S1 26477.2 
SILVER R1 44074.2 S1 43339.8 

BUY 

Jeera above 13470 Tg 13490 | 13510 | 13530 Sl 13380 
Gold above 26735 Tg 26750 | 26768 | 26786 Sl 26655 

SELL 

Chilli below 5664 Tg 5654 | 5644 | 5634 Sl 5714 
Cotton below 18130 Tg 18115 | 18100 | 18085 Sl 18200

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Monday jeera live price, gold silver level and today 27/5/13 mcx ncdex trading tips

On the 1st day of the last week of May the commodities seems to be red sign. All the metals and energy products are trading in a downside from the early morning. 

In the precious metals the yellow metal gold drop by only 1 point and the white metals silver drop by 13 point against their previous close at 10:44 am. Today the both the metal are working with the support and resistance level of : 
Gold Support 26248.2 Resistance 26563.8 
Silver Support 43133.6 Resistance 43812.4 

The crude oil slump around 0.87 percent at 5222.00 for June and mentha oil fall by 1.36 percent for May. The other source of energy natural gas down by 1.80 points. 

At multi commodity exchange the cotton is the only one who is trading in a positive side with the increment of 10 points to Rs. 17980. 

The same trend has been followed by the ncdex products as same as of mcx products bearish. Barley, caster seed, chana and soon are slipping down. 

At National Commodity and Derivative Exchange the Jeera is trading in both sides positive and negative for the contract of different months. For the June, July and August it up by 0.23%, 0.24% and 0.02% while for the September month it losses 0.47%. 

In the international market the Wheat grain and corn looking bearish, Wheat was last traded at 696.38 got a change of 0.97 percent and corn was traded at 656.12 takes a change of 0.83 percent. 

Cotton (may) buy target 18010 | 18020 | 18035 stop loss 17940 

Mentha oil (may) sell target 922.4 | 917.4 | 911.4 stop loss 946.4 

Potato (july) buy target 806 | 808 | 811 stop loss 788 

Chana (june) sell target 3281 | 3271 | 3261 stop loss 3341

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