Commodity Trading Calls

Commodity Trading Calls

The impact of slowdown in international markets, domestic markets are being witnessed in the gold and silver. Naimaks linger on the crude oil on the MCX, crude has weakened. Domestic market in base metals seems much pressure.

And flat gold on MCX is trading at Rs 30 240. Light fall flat and silver is trading at Rs 54 430. 0.25 per cent on MCX crude oil has come down to Rs 4740. On mcx live base metals have declined by 0.25 per cent.

NCDEX red pepper 1 per cent is trading at Rs 4930 with weakness. AUGUST wheat futures dropped 0.5 per cent to Rs 1,180 has. AUGUST soybean futures on the NCDEX with 2.5 per cent is trading at Rs 3,670. Castor seed is also up 2.5 per cent to Rs 3,435 and Rs 1,250 potato and close to the September futures rose 3 percent. 

The most important commodity in the market today will keep an eye on crude oil. Move crude oil in the domestic market is very dull looking. The selling pressure is clearly seen. The Federal Reserve's meeting next decision will depend on the crude oil to move forward. July crude oil futures on the Naimaks's expiry date, the August futures is trading below 84 dollars a barrel.

Seen on MCX gold is still pressure situations. Although prices are still at Rs 30,200. The silver light is down at Rs 54 453. Decline in the international market in gold, while silver has seen a slight edge.

Even the trick of base metals in the domestic market is very dull looking. Metals are trading with all the red marks. Zinc and copper are seeing the highest 0.30 per cent.

NCDEX October and November soybean futures are trading with 3-3.5 per cent. The potato futures in September, has seen the strength of 3 per cent. In addition, barley August and September futures have been bouncing the 3-4 per cent. The new wheat in July, August and October futures lost 1-2 per cent.

Learn what the revenue opportunity in commodities -

Gold (MCX): Buy Rs -30.100, stoploss of Rs Rs -30 000, -30 375 target Rs

Silver (July futures) MCX: Sell Rs -54 700, -55 000 stoploss of Rs Rs Rs -54 000 goals

Copper (June futures) MCX: Sell RS -424, -426 stoploss of Rs Rs Rs goals -420

Nickel (MCX): Buy RS -951, -940 stoploss of Rs Rs Rs goals -965

Copper (June futures) MCX: Sell RS -424, -426 stoploss of Rs Rs Rs goals -420

Soybeans (November futures) NCDEX: Buy Rs -3 615, -3 630 stoploss of Rs Rs Rs -3 710 goals

Soy oil (July futures) NCDEX: Buy Rs -737.95, -747 stoploss of Rs Rs Rs goals -758

Strengthening of the rupee against the dollar in the domestic market, gold has been steadily on the brakes. Intra-day gold had dropped to about 250 bucks. But the fall in rupee has been reduced down to sleep. Currently, 0.3 percent lower on MCX gold is trading at Rs 29 890. Silver on MCX is 0.5 per cent fall to Rs 52 615.

MCX base metals but is now down deeper. MCX Nickel and lead to a decline of 1 per cent. The Copper, aluminum and zinc are seeing the weakness of nearly 1 per cent.

Related Posts