Intraday Commodity Market Tips

Gold and silver in the international market has declined strongly. Comaks dropped 1 per cent on the gold's at $ 1,600. Fall 2 per cent of the silver is trading at $ 27. 0.23 percent on Wednesday, with strength in the domestic market gold closed at Rs 30 282, while silver rose 0.24 per cent from 54 593 to Rs.

Naimaks about 1.5 per cent in the crude oil has declined, while prices have dropped back to 80 dollars a barrel. Qi 3 to be announced at a meeting of the Federal Reserve crude oil remains on the pressure situation. On Wednesday, crude oil in the domestic market, with 2.23 per cent to Rs 4645.

Copper on the London Metal Exchange is trading with weakness of the 0.5 per cent. Copper dropped 0.66 per cent of the domestic market on Wednesday closed at Rs 421.

Learn what the revenue opportunity in commodities  by CommodityTradingCall -

Gold (MCX): Sell Rs -30 340, -30 200 stoploss of Rs Rs Rs -30 410 goals

Crude oil (MCX): Sell Rs -4 660, -4 690 stoploss of Rs Rs Rs -4 600 goals

Most of the commodity in the international market from the Fed's decision is bad. Comaks sharp decline in the gold and silver. Therefore, the decline of international market, gold and silver in the domestic market is looking weak.

With nearly 0.5 per cent on MCX gold is trading at Rs 30 180. While silver has nearly 1 per cent fall to Rs 54 070. Comaks 0.75 per cent in gold and silver declined by 1.7 per cent. On MCX, crude oil slipped nearly 2 per cent to Rs 4560 has arrived. Naimaks the crude oil with 1.5 per cent has come close to $ 80. MCX 0.5-1 per cent in the base metals have been recorded.

AUGUST potato futures on NCDEX is down 2.5 percent, the October and November soybean futures declined by 1.5 per cent. Around 1 per cent of the chilli on NCDEX with strength is close to Rs 5,000. Sugar with 0.5 per cent to Rs 2,900 is reached across.

Commoditytradingcall’s Technical Teams Advice :-

Gold Mini MCX (April futures): Buy - 30 100, stoploss of Rs - 29 950 and the target - 30 450

MCX Crude oil updates (April futures): Sell - 4690, stoploss of Rs - 4720 and the target - 4620

Aluminum MCX (June futures): Sell - 106, stoploss of Rs - 107 and the target - 104