Friday, 25 April 2014

crude oil prices fail 1% above , bullion metal bullish trend

crude oil prices fail more than 1% in mcx today open at 6266 and made high 6266 then falling at 6166 levels, nymax crude was down from $102.05 to $101.21, it should be down below $99.00.

mcx bullion metal gold silver look uptrend today, gold open at 28845 and made high above 28965 low of day is 28757, comax gold traded above $1296 ,
mcx copper opan at 414.3 aqnd made high at 422.7 while low of 414.3, mcx nickel look under pressure and slip down 1124.1 to 1108.5 now evening time traded at 1116.3.
today all base metal are down , aluminium ,lead and zinc was down.
Evening commodity calls:
buy gold above 28830 target 28900,28950,29000 stoploss 28730
buy silver above 42450 target 42600,42800,42900 soploss 42200
sell nickel above 1120 target 1110,1100,1090 stoploss 1126
sell crude oil 6190 target 6150,6100 stoploss 6250


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  4. Crude oil tumbled after an unexpectedly large inventory build in the world's biggest oil consumer renewed worries about oversupply as estimated by Epic Research.