Today movement in market is very low and sluggish, top traded commodity moving in reverse fall. Today MCX Mentha oil rise by near 4% and traded at 962 at 3:20 pm. For future delivery mentha oil looks more positive and trend supported by a good volume.
Today Coriander at MCX for future delivery dropped my more than -200 point to 6566 per quintal. In upcoming week’s coriander looking a weak demand in spot trading with a low trading session.
Natural gas for May delivery is trading with a slow movement in green side, natural gas price are varying day by day due to up and down in currencies, Indian Rupees very near to 2-1/2 month low. In evening session strong demand supporting the trend with more rise in natural gas.
In base metal copper for June trading delivery fell by more than 1%. Today early morning copper open at 405 and continue to fall in day trading and touched a low of 400.20.
Cardamom performing well at MCX, today it raise by 1.38% for June delivery. Currently cardamom is trading at 737.10 at 4:23 pm.
Buy cardamom above 738 tgt 740, 742, 745…………sl 731
Sell copper below 403.50 tgt 402.50, 401.50, 399.50………….sl 407.50
Today MCX gold and silver are full on bearish note and not positive movement are expecting in this metal. In spot market at Ahmadabad gold price are trading at 26165 while silver at 42847. In future trade today silver fall by more than 4% and expected to come under 40000 in upcoming week.
Buy gold above 25550 tgt 25580, 25630, 25700………sl 25400
Buy silver above 41450 tgt 41500, 41600, 41700………sl 41200