-->
Crude
oil prices in the domestic market has been steadily declining. The
most noticable thing in today's trade was that despite the NYMEX
crude oil price above $91 the MCX crude oil prices are at 4800. MCX
Crude oil prices have been affected by the gaining strength of Rupee
against the dollar. The U.S. Energy Department report today is going
to come.
With
a decline of 0.15 percent on MCX gold is trading below Rs 31,000. The
silver slipped around 0.5 per cent to Rs 62580 around. In NCDEX
commodities Gram today has accelerated strongly in the meantime.
NCDEX chana prices have jumped nearly 3 percent. All pulses including
gram today in spot markets gained marginal profits. It is important
that the sowing of gram will begin soon in the country.
Trading Strategies for Commodities
Well if you are thinking to trade the crude oil at
current market trend. We will suggest sell the crude oil contract of
October Month. As it is projected to slip down in short term. Keep
following levels for the next session trading Sell at :- 4850 Stop
Loss :- 4900 Target :- 4745
To get more commodity tips for MCX & NCDEX market. Fill our free
trial form and get tips on your mobile screen. Take 2 days 100% free
trial Now from 4 October to 5 October 2012 !!!