Thursday 3 April 2014

WHAT SHOULD DO IN COMMODITY BEFORE USD DATA COME TODAY


Evening commodity update:
mcx gold silver both are looked in under pressure before unemployment claims data come, while rupee down against dollar more than 30 paise , now traded above 61.19 against dollar.

Gold june was traded above 28030 and silver traded below 42850 with loss of 300 point, gold made high at 28245 and silver upside 43435.
copper traded range bound 405.7 to 403.3, now traded at 404.05 with up trend.
Mcx nickel was open at 970 and make high 980.7 now traded above 975.8 ,while natural gas traded at 263 .
crude oil open at 5970 and make high at 6007, before 5 pm crude was traded 5991 ,upside trend of crude is 6120,6140,6150 and down side 5960
evening time commodity calls update:
sell gold above 28100 target 28000,27850 stoploss 28300
sell silver above 43150 stoploss 43400 target will be 42800,42500
sell natural gas above 264 target 261,259,255 stoploss 270
buy crude oil above 5990 target 6020,6050,6080 stoploss 5940


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