CRUDE OIL LEVELS TODAY | NATURAL GAS CALLS & UPDATES

Crude Oil 
China's deepening recession fear is seeing a decline in crude oil today. First trading of the day NYMAX Crude oil slipped near to one percent and prices has reached 102 dollar per barrel. Nymax Crude with MCX Crude also is seeing heavy decline in the domestic market. However MCX crude oil slipped 0.6 % to Rs 5229 has come close. MCX crude oil in the domestic market last week closed at Rs 5,270.  

@ You can Sell MCX Crude Oil at around 5230 June below Targets 5210, 5195 Stop Loss 5255.

  

Levels for the day  
Resistance- 5289/5312.9  
Support- 5189.1/5132.3  

Natural Gas 
First day of the Week MCX Natural gas is seeing Red signal. Currently Natural gas is in strong Downtrend and the trend is supported with good volume the open interest is not increasing with trend. Cautious point is buying at higher levels seems decreasing. MCX NG Resistance levels are 238, if this will be broken then next are 241. Best supporting levels is 231.7 to 227.

@ Advises for Day Trader can Sell Natural gas below 235 within may contract targets 234, 233 and Stop Loss 237.

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GOLD, SILVER, TRADING, CALLS

In the international market, gold - silver is trading strong. With the support of international market, domestic market is seeing good gains in gold and silver. With 0.4 per cent on MCX gold is trading at Rs 27057, while MCX Silver is trading 103 Rs above against the previous close and trading Rs 45275.

Expert view 
Expert says both precious metals may go red sign today, because of that Rupees strength against the dollar becoming. In fact MCX Gold may slip near to 26950 levels and Silver may touch at 45,000 lower levels. Yet currently you can go buying side.  

Calls 
~ Buy MCX Gold above at 27070 for June contract and targets 27093, 27117 and stop loss 27023.

~ Buy MCX Silver July above at 45,300 Targets 45365, 45450 Stop Loss 45150.

More Gold Silver Trading Calls

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HOW WILL OPEN COMMODITY GOLD & SILVER AFTER 5 PM Today (1 May 2013)

Commodity Market is not open today, because of that today is international holiday. But Commodity markets will open after 5 pm. All Traders & investors be wondering what position will run gold silver today.

Actually MCX Gold was closed levels of 26895 with down 256 Rs, while Silver MCX Previous closed at RS 44854 with lower of 430 Rs against the last closing.

Arriving in the U.S. consumer confidence figures. Additionally, the Federal Reserve's two-day meeting is about to begin. In the fact both metals will be open positive (green) side.

We are expected MCX Gold will open near to 27,000 and Silver will be near to 44,900 to 45,000. You can buy both precious metals when it opens.

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COMMODITY UPDATES FOR TODAY

Today the Main energy product natural gas going away upbeat by 1.73% at 229.70 takes a far above the ground of 234.80 and low down of 226.40.In early trade all base metals seeing in Red shade after sometime Zinc jump with little movement and seeing in positive track and now at 2:00 only Copper and Nickel is in negative side.

Chana in all Contracts seeing at good side and it can be cleaving to with stop loss at 3403 and its support level is 3398 & resistance level is 3440. Coriander is in uptrend supported by 7169 and resisted by 7332.

In precious metals after a long time finally today MCX Gold and MCX Silver both are seeing at buying side, and our prediction says today whole day both metals seeing with green gloom but with no high movement or jump.

Now a day’s Cotton Movement continuously fluctuate and recently its live with Negative house and continuously its movement change, this whole week it goes up and suddenly it goes down.

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