Wednesday 21 August 2013

COMMODITY MARKET OUTLOOK| EVENING GOLD SILVER TIPS TODAY

HAPPY RAKSHA BANDHAN TO ALL TRADERS

At evening 4:30 PM, in the commodity market, MCX Commodity Market is trading down and flat due to U.S. Economic condition.

Gold prices are trading down by 560 rupees at Rs 30605 in October future contract while silver prices are trading down by 1407 at Rs 49808 in september future contract. Crude oil price is also low by 77 points at 6745 rupees in the domestic market.

On the other hand, Natural Gas, and base metal commodities are trading in red with flat movement. Natural Gas has been trdaing in low of 2.50 Rs at 218.60 while Aluminium is down by 1.40 at 118.28 in the mcx market exchange.

Onthe base metal commodity, Copper is trading in also red and bearish with a low of Rs 5.10 at 463.55 in the Indian market. Nickel also down by 13.80 points at 929 rupees.

Cotton and mentha oil agri commodity are also red and bearich and moving down with flat movement in the mcx exchange. Cotton loses 240 Rupees at 22490 and mentha oil loses 11.90 at Rs 864.80 rupees in the market.

BUY SILVER 50000 TGT 50300/50600/51000 SL 49200
BUY GOLD 30850 TGT 30900/30950/31000 SL 30730
SELL CRUDE OIL NOW TGT 6700 SL 6800

HAVE A NICE DAY....:)

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