Wednesday, 26 February 2014

US Home Sales data affected commodity market , gold silver down

yesterday mcx commodity bullion market down , silver slip down more than 1100 point at 46642 level and gold slip down 198 point at 30042 level.
Copper and other metals are positive while natural gas slip down from 290 level to 284.20 with loss of 5.40 point,
crude oil trend: crude oil make high 6408 and close at 6397 with gain of 93 point, while copper, lead ,zinc close in green sign.
Why affected commodity bullion market from upper side.
Yesterday home sales data come in US Market and that affected both precious metal in Indian market , gold and silver down
new home sales rose sharply in january month , sales jumped to their highest level in more than five years ,and were up 9.6% from December.
What strategy should be taken for this weak :
Strong Dollar recovery to affect bullion market and both bullion metal will be down for this weak
gold trend : up side 30200 and down side 29800,29700 should be touch.
Silver trend : silver will be turn against down side 46800 level to 45800 so keep short position beneficial in commodity market.
Commodity calls for evening time:
sell gold above 30000 target 29900,29800,29700 stop loss 30150
sell silver above 46700 target 46450,46200,45800 stop loss 47100
sell crude oil above 6410 target 6380,6360 stoploss 6430
buy copper above 444 target 448,450 stop loss 440


  1. Commodity is one of the short & fastest money making process. People invest their money in various commodities including gold, silver, crude oil, Natural Gas & Agro products to earn more.

  2. Very nice call thanks for this such a nice tips, it is effective and profitable for all users. If you want to more sure shot call then CLICK HERE

  3. I found awesome commodity market updates here. I daily visit this blog and found updated news. Epic Research also provides live commodity tips.