Morning commodity prediction || gold silver bearish today || intraday trading calls for mcx

In morning trade hot gold and silver for future fall today instead if we move towards the base metals then they seems to be strong and going high. MCX nickel opened at 857.30 against its previous close which was 850.00 up 7.30 points. It is expected that they may be try to maintained the same position till the end of the day. Cotton is moving incredibly as its price is rising. 

MCX energies commodities following both the paths positive and negative. Crude oil is trading in a green shade with a morning high 6572.00, internationally its goes on decreasing and decreasing got a change of 0.13 percent down and the mentha oil opens with a gain of 15 points but after sometime changes the path and working in a depriciating level. 

BUY COTTON OCTOBER ABOVE 20360 TGT 20370, 20375, 20385 STPLS 20300 

BUY CRUDE OIL AUGUST ABOVE 6556 TGT 6562, 6568, 6574 STPLS 6536

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Monday 6 May’13 mcx ncdex tips | Gold Silver price up | buy sell call

On 6th of May market is showing uptrend. Most of the products are looking bullish today whether it is a precious metal or base metal. The energy products are showing mixed nature. 

The precious metals gold and silver for June delivery surges 98 points at 27060 and 128 points at 45305. It expected that in whole day they may work in a same position. 

The base metals also get a good position in trading in morning session. The overall status of commodities is admirable. The products are looking good for trading. 

The crude oil and mentha oil both are working in opposite direction. The crude oil is going up while the mentha oil down. Both are traded for the future contract. Crude oil gain 1.03% and mentha oil loss 1.63% against their previous close. 

At national commodity and derivative exchange many of the products are in RED sign such as Barley, Caster seed, Chana, Chilli, Coriander, Pepper, Potato and soon. 

TODAY’S CALLS 

PRODUCT	STATUS	TARGET1	TARGET2	STOP LOSS
Gold	Buy	27111	27146	27002
Silver	Buy	45370	45400	45245
Mentha oil	Sell	886.9	879.9	902.1
Zinc	Buy	101.8	102.3	99.3

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