Monday, 7 April 2014

Commodity trading levels in gold, silver, base metal


U.S. non- farm payroll data, despite the poor once again, gold - silver has begun to decline . Mcx gold was down above 28300 level cause of strong rupee help to reduce prices. Silver traded at 42818 while high of day is 43000 and down side low was 42770.
mcx base metal trend:
copper look aggressive above 400 level and make high 401.35, down side low is 399.25, upside trend if cross 401.7 then 404 plus and down side if cross 399 then 398, 395.
nickel : nickel traded aggressive mode above 992.5 and open at 982.4 , upside trend 1000 and down side 980.
crude oil trend update: on supply increase from Libya crude oil prices look in pressure ,today open at 6062 and make low 6045, high of day is 6071 , down side movement should be 6000 and up side 6090.
commodity calls for trading:
sell gold above 28270 target 28200,28100 stoploss 28370
sell silver above 43100 target 42800 stoploss 43300
sell copper above 402.50 target 398 stoploss 404.5
buy crudeoil above 6050 target 6090,6120,6140 stoploss 6024    



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  2. commodity prices look high on last trading session , base metal are positive while nifty and Bse sensex close flat for more live tips visit on intraday future tipsand nifty option tips

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