Wednesday, 30 July 2014

commodity trading calls|| gold silver sideways down trend

mcx gold silver traded flat today , gold traded below 27800 with loss of 63 point, mcx silver traded below 44300,

Fomc meeting result pressure seen on precious metal, comax gold was down at $1297 and silver $20.55 ,rupee become stong than dollar at 60.10 while open at 60.24.
base metal trend: mcx copper fail below 430 and made low 427.7, mcx nickel was down below 1120 and made low 1113.3, aluminum zinc and lead down trend.
Crude oil : mcx crude oil uptrend cause of storage capacity reduce in US , today energy department publish report and inventory should be come evening time.
Commodity calls for trading:
sell gold 27800 target 27700/27600 stoploss 27870
sell silver 44350 target 44250/44150 stoploss 44450
sell copper above 429 target 426/423 stoploss 431

buy crude oil above 6100 target 6130/6150stoploss 6070


  1. Indian Equity benchmarks bounced back after two-day fall. The 30-share BSE Sensex jumped 96.19 points to close at 26087.42 while the 50-share NSE Nifty rallied 42.70 points to 7791.40 ahead of expiry of July derivative contracts.
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  2. BUY GOLD (OCT.) ABOVE 28710 TG-28740/28780/28830 SL-28665 (CMP-28702)
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