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Today's Commodity Tips

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Commodity

Commodity is the market where we can trade in both MCX and NCDEX markets.

MCX consist of bullions, base metals, energy, crude oil and NCDEX consist of agri and non-agri items.

MCX and NCDEX are the significant trading place in India for commodity market trading. It is the industry where we generate highest possible benefit.

It is also evergreen market because its consist of everyday used items which comes in agri products.

But trading in commodity includes many risks.

Commodity Market

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MCX Gold prices are expected to witness a range bound move from 32200 to 31700,one can trade within the range. Selling can be initiated if sustains below 32000

Gold : -

http://www.sonictrades.com/commodity-tips-for-today/

MCX Silver prices are expected to witness a range bound move and are expected to trade within 64700 to 63200. For intraday one can sell with a stop loss above 64800.

Silver : -

http://www.sonictrades.com/commodity-tips-for-today/

Copper prices are likely to witness a range bound move from 465to 455, for trading one can sell around 456 – 455 with a strict stop loss above 460. Prices are expected to test 451 -447.

Copper : -

http://www.sonictrades.com/commodity-tips-for-today/

Crude price have witnessed a heavy selling below the break of 5300 on closing basis. We expect prices to test 4970 – 4940 on lower end. We recommend to book profit as price can bounce.

Crude Oil : -

http://www.sonictrades.com/commodity-tips-for-today/

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