Today
Ncdex Market looking with up and down points, there is mostly
commodities are traded at down side with low prices and going down
side. Here Castor seed for all contracts traded at down side with low
prices and otherside many more commodities are traded at down side
with low prices.
Chana,Cottonseed
oilcake,Jeera,Kapas,Ref Soya oil,and Turmeric traded at upside with
good prices and remaining all ncdex commodities are going down side
with low prices.
Market
Commentary
SILVER
AND GOLD OPENS NEARLY FLAT FOLLOWING YESTERDY'S STRONG BULLING RALLY,
IN COMEX GOLD IS TRADING NEARLY $1306.
BULLISH TREND MAY CONTINUE ABOVE 28700 BUT IF GOLD SUSTAINS BELOW 28550 THEN WE CAN EXPECT A CORRECITON UP TO 28300.
COPPER MAY RECOVER AND MAY CROSS 435 LEVEL IN MCX. ZINC FOLLOWS STRONG BULLING TREND HEADING TOWARDS 150 LEVEL.CRUDE
MAY FACE A STRONG SUPPORT NEAR 5930, IF THIS SUPPORT BREACHED WE CAN EXPECT A STRONG BEARISH TREND. U.S UNEMPLOYMENT
CLAIMS FOR THE WEEK RELEASES TODAY AT 6.00 PM. U.S NATURAL GAS INVENTORY ALSO RELEASES AT 8.00 PM.
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