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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Commodity online trading tips for today 11 July || cotton level || base metal updates

GOLD and SILVER: The most precious metals are strongly going up today with a high rise in points. The yellow metal gain 522 points to Rs. 26625.00 having support level 26952 and resistance level 26254 and the white metal gain 1117.00 having support level of 398960.5 and resistance level 40487.4 

CRUDE OIL and MENTHA OIL: The energy sources crude oil and mentha oil are working in a downward direction for the future deliveries. The crude oil slumps around 54 points and the mentha oil slumps by 15.10 points. 

COTTON : Cotton is seems to do trading in a negative side, as the time passes away the cotton price drop by 60 points at 19970.00 at 5:17 pm. It takes a high of 20030.00 and low of 19920.00 

BASE METALS : All the base metals copper, zinc, lead, aluminium, nickel are trading in a bullish note with a gain of high percentage. Among all base metals Copper jumped high and up by 10.85 points. 

COPPER STATUS BUY 
TARGET 424 | 425 | 426 STOP LOSS 419 

NICKEL STATUS BUY 
TARGET 826.3 | 827.3 | 828.3 STOP LOSS 821 

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