Thursday, April 18, 2013

How to Invest (Buy/ or Sell) in Commodity Script Today

Gold and silver is still falling. International market is seeing weakness in gold and silver. Gold dropped 1 percent to $ 1,366 with Comax has come. Silver on Comex has come down more than one percent 23 dollar.
Commodity Trading


MCX Gold December contract is looking negative for the day. You can take resistance levels 25613, 26669.31; Intraday Supporting range can be seen at around 25411 & 25377. Day trader can buy gold when it comes down near to 25,500 and targets keep 25, 65 Stop Loss put below 25350.  

MCX Silver on May delivery comes down 500 point due to last closing & trading rate is 43130. We are advices to you buy Silver with current market price and targets keep above 250 point. Day investors and traders can take Resistance levels 43312 to 43519, while supporting levels is below 42950/ 42871.23.  

Crude oil is seeing a steady decline sixth day, Brent crude slipped has slipped below 98 dollars. MCX crude oil is trading below Rs 4680 slipped 0.7 percent. . Market may find support near 4637 & 4593; intraday resistance can be seen near 4703 & 4739.  

Natural gas April contract is looking red sign in domestic market. Currently MCX NG is trading below 226.20. Day trader is advices to sell intraday on high.  

Copper on MCX has fall near to 3 percent at Rs 371.15. But you should alert now, because Copper may go to up side. So far immediate you can buy copper with in current market price. Aluminum, lead, zinc and nickel also fell by 1 per cent are doing business with.  

@ Sell NCDEX Dhaniya may below 6920 targets 6910 , 6899 Stop Loss 940.

2 comments:

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Commodity tips said...

Thanks for sharing the information. That’s a awesome article you posted. I found the post very useful as well as interesting. I will come back to read some more. Commodity Tips

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