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Wednesday, 15 May 2013

Commodity Update

Gold is seeing a decline in the International market. Comaks Gold is trading below $ 1,430. While silver is also under pressure. The strength in Crude Oil has seen. Naimaks with mild gains on crude oil is trading above $ 94. Copper on the London Metal Exchange (LME) fell by 0.25%.

Commodity UpdateAt this moment, with a decline of 0.15% on MCX Gold is trading below Rs 26,670. MCX Silver is down 0.5% to Rs 44 300.

MCX Crude Oil down 0.5% to Rs 5165 has arrived. Although natural gas has exceeded 0.5% higher at Rs 220. MCX is seeing a slowdown in the Base Metals. Copper is trading down 0.25% to Rs 400. Zinc is looking at 0.1%, but the rest are undergoing metals under pressure.

Meanwhile, up 0.5% on NCDEX Potato is over Rs 840. However MCX Potato has declined by 1 percentage point. NCDEX Guar gum 2.5%, while Guar Seed has weakened by 3%.


MCX Gold (June futures): Sell - 26750, stoploss - 26 850 and Target - 26600

MCX Silver (July Futures): Sell - 44600, stoploss - 44 700 and Target - 44400

Cotton MCX (June futures): Sell - 18300, stoploss - 18 440 and Target - 18050

Soyatel NCDEX (June Futures): Buy - 695, stoploss - 690 and Goals - 703

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