Monday, 29 April 2013

Monday evening crude oil, gold silver price and commodity market news

The overall trend for future turmeric is looking positive range bound between 6200-6750. Its production is expected around 12 lakh bags. The Soyabean is also looking positive support at 3850and resistance at 4090 level. 

In year 2012-13 the production of pulses is rise around 17.58 million tons in India. Pulses area risen to 148.13 lakh in 2012-13 as compared to 2011-12. Today a fall of 0.2 percent noted in chana at 12:04 pm. Traders are advised to sell it between 3530-3550.

At national commodity and derivative exchange Sugar gain 0.41% to Rs. 2933, trading in a positive side. According to Indian sugar Mills Association 24.6 mn tonne of sugar produced in country in 2012-13. Buy it around 2930 with stop loss of 2880 and target 3000. 

In early morning session gold was looking bullish but as the time passes it slow down and drop by 17 points at 27172.00 while the silver maintain its position and still looking positive for future contract. 

The base metal copper and nickel surge 2.220 and 2.70 points against their previous close. Lead, Zinc and Aluminum are going down as it was seen in the early trade. 

Buy 
Silver above 45215 trgt 45250 | 45275 | 45290 stp ls 45135 
Copper above 100.30 trgt 101.8 | 103.3 | 103.8 stp ls 96.3 

Sell 
Lead below 109.40 trgt 108.9 | 108.4 | 107.9 stp ls 112.4 
Zinc below 967.00 trgt 966.5 | 966 | 965.5 stp ls 970 

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