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Thursday, 2 May 2013

Commodity Tips : Gold and Silver lead, the pressure on crude oil

In the international market, gold and silver is gained. Comaks gold with 0.5% trading at 1,451 dollars per ounce. The 0.5 per cent growth seen in silver and the price is currently around $ 23 per ounce.

Currently, gain of 0.15% on MCX gold is trading around Rs 26 575. Although silver with slight weakness is trading below Rs 43 650. With 0.4 per cent MCX crude oil is trading around Rs 4890. There is 1 to 0.5% in the base metals on MCX.

Copper trading on 0.6% higher at Rs 370.20. Aluminum 1%, 0.5% nickel, 0.6% lead and zinc has gained 0.9%

Meanwhile on NCDEX potato is close to Rs 975, which gained 1.5%. NCDEX soybean by 1.5% and 1.3% decline in coriander.

NCDEX Chana futures gained 0.7%. Closed flat at sugar level. Weakness in wheat was 0.2% However, potatoes 2.5% lower. Castor seed, dropped by 1.25% Barley gained 0.25%. MCX Mentha Oil dropped 1.5%.

NCDEX rose nearly 1 per cent of spices cumin 1. However, turmeric strengthened 0.5%. However, by 1 percentage point decline in coriander Red pepper and black pepper has gained nearly 0.5% MCX cardamom fell 0.5%.

Although some pressure on crude oil prices in the international market is being viewed. Brent crude oil slipped below $ 100 a barrel. Naimaks the red light crude oil is trading around $ 90 per barrel.

London Metal Exchange (LME) copper at about 1.5 per cent is trading with.

Find these commodity bets on earnings -

MCX Gold 26 650 RS Sell, stop loss Rs 26 800, 26 250 bucks Target
MCX Silver 44 000 RS Sell, stop loss Rs 44 600, 43 200 bucks Target
NCDEX Mustard (May futures): Sell 3455, stoploss 3475 and target 3415
MCX Cardamom (May futures): Sell 805, stoploss 830 and Goals 780

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