Wednesday, 30 January 2013

Bullish in commodity products, Crude Stock rise

MCX TIPS, NCDEX SOYABEAN TIPS, CRUDE OIL UPDATES, NCDEX WHEAT TIPS, GOLD AND SILVER TIPS, BASE MEATL TIPS, COMMODITY TIPS.

Wednesday, the commodity market is running very smoothly. It is showing green signal for the traders. The price of MCX precious metal Gold is rises by 23 points at 30257.00 and Silver rises by 272 points at 58178.00. It seems bullish today.

Other metals like Aluminium, Copper, Nickel, Zinc, Lead all gained 1-3%. Cotton is trading at 16670.00 with the change of increase in 170 points.

Crude Oil is in Strong uptrend and it supported with a good volume. It is in HOLD LONG position. Immediate Resistance for Crude Oil is 5268.

On Wednesday, the Brent Price held above 114 dollar barrel rises by 4%. US Oil was down by3% to 97.54 dollar. The low rate helps to push up the Oil prices. US crude Stocks rose 4.2 million barrel last week. It expected that crude stock to rise 2.6 million barrel.

NCDEX Soyabean is in really uptrend and its trading in oversold level. For short term its current position is Buy. NCDEX wheat is looking bearish today. It’s moving sideway. It is in HOLD LONG position for short term. Its support are 1539-1536.

 Buy Crude oil above 5255.6 

 Buy Ncdex Soya bean above 3276.4 Stop Loss 3241.1 

 Buy MCX Gold above 30420.3 

 Buy MCX Silver at 58195.00 Stop Loss 58495.00

3 comments:

  1. Thanks for sharing such a wonderful knowledge. your information is very good. it is very important to everyone.commodity Intraday trading tips.

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  2. I really appreciate your post and you explain each and every point very well. The content is amazing, keep posting friend it will be very helpful for everyone .You made some good points. Thanks for it. We also provide Equity Tips

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  3. If market is able to hold on to these gains, there has been a run-up from the exit poll day,
    then it shows that it is clearly a bull market and may be it is a long bull market. It will last for at least five years.
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