Friday, September 14, 2012

Commodity Tips and Trend For Today

Commodity Trend For Today

International commodity market has not seen any significant movement. Fomsi of the meeting is a state of lethargy in commodity markets. COMEX business is slack in the gold and silver, the latter is in NYMEX crude oil. NYMEX crude oil is trading flat with slight edge at $ 97 a barrel at the moment. Brent crude on the ICE is approaching to $ 115.50 a barrel with 0.25 per cent. On MCX, bullion metals are looking weak for rest of the day. But commodity trend is in a buy side for MCX Gold and silver. MCX Crude oil trend is also looking in buy side.

Commodity Tips

  • MCX Gold (December futures): Buy - 32120, stoploss - 31 950 and the target - 32 410
  • MCX Silver (December futures): Buy above 68150, stoploss - 64850 and the target - 65400/65700
  • MCX Crude oil (September Futures): Buy - 5440, stoploss - 5400 and target - 5490

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