Thursday, 20 March 2014

gold positional call, base metal tips


evening commodity market affected by US data, now gold was trading below 29750 and silver below 45000,
gold positional level upside 30200 and down side 29450 so keep short above 29800 and buy above 29600 for positional level.
rupee weak opening today against dollar now close at 61.33 with loss of 33 paise.
Base metal trend: mcx copper was down 5 point below than open above 405 and now traded above 400 as well as nickel was down 13 point now traded above 978 level.
Crude oil up trend make high 6130 and open at 6080 now traded at 6099.
Evening commodity calls for trading :
sell gold 29800 target 29650,29500 stoploss 29970
sell silver 45000 target 44750 stoploss 45200
sell copper above 400 target 396 stoploss 403
sell nickel 984 target 976 stoploss 989

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