Monday 3 September 2012

COMMODITY MARKET OUTLOOK


After one week, Precious metals are trading with a little changed today. While Gold, Silver and Crude Oil are in the bearish mode but other commodities traded in profit. today gold is traded under record level. Silver traded with loss of 70 points on 58939/kg, while Gold is traded below from record level with loss of -134 points 31208/ 10 gm. Energy commodity Crude oil is record heavy loss of 31 points and traded on Rs 5348 currently.
As Aluminium is traded on 105.5 Rs with profit of 0.6 points and Copper gained 2.45 points and traded on Rs. 429.7.  While Lead, Nickel and Zinc are traded in minor profit 0.9, 10, 1.45 on Rs. 109.8, 906.6, 103.35 respectively.
MCX Gold future is decline 124 points and currently traded 31218 Rs in October future, in Sep future Gold is record loss of -95 points and traded on 31166 and Silver is decline 27 points  and LTP is 58982 Rs.
Sell crude oil September below 5355 Sell 5390 Target 5335, 5324
COPPER INTER DAY BUY 429.20 429.40 TG 430.60 431.30 431.80 432.70 SL 427.50



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