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  • Monday 11 August 2014

     Commodity Trading Tips : Pinnacle Financial Services             

    After last week's spectacular boom in gold today is pressure. On MCX, gold prices have slipped to Rs 28500. Silver continues to decline. With the decline of 0.3 per cent on MCX silver is trading around Rs 43 400.

    Base metal slight edge is visible today. Copper prices have crossed Rs 430. The price of copper on the London Metal Exchange has again gone beyond $ 7000. The nickel is seeing 0.2 per cent. However, aluminum, lead and zinc is sluggish.
    Soybean early fall is over now. NCDEX soybean prices again has come up to Rs 3560. Let me tell you Madhya Pradesh in central India, including in the event of rain has improved. The soybean crop is expected advantages.

    Natural Gas MCX (August futures): Buy - 242, stop loss - 238 and the target - 250

    MCX Crude oil (August futures): Sell - 5990, stop loss - 6040 and Goals - 5910             

    Gold MCX (October futures): Sell - 28600, stop loss - 28 750 and Target - 28400


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