Monday, 13 May 2013

gold slips 15 % this year , commodity advice for 13 April

All India celebrating akshaya tratiya on Monday, this is the very auspicious day of Hindu’s for buying metals ,most household wait for buying some jewelry on may 13 , but today we have an advice for investors you should not buy gold today reason behind that gold going in a sloppy way and down by 15 % to this year, gold also fell by 1 % for today’s trend 

Rupee shows a one month low in early trade but current condition is completely change it traded on positive side and showed a gain of .23 % .. 

Brent crude oil to resume range bound trade and now traded above 111/ bbl. The global demand of crude oil is very high ,china expected to grow with a positive start but these positive start not affect the market turnover …… 

The Current price of Crude oil for may delivery trade at 5231 points with negative move of 21 points . expected intraday support and resistant level for crude oil is that 5215 and 5288 points . 

Sell crude oil at 5230 tgt 5225,5220,5215 sl 5235 

Sell cotton at 18010 tgt 18000,18090,18080 sl 18020 

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