Friday, 25 October 2013

Toady 25 oct mcx commodity crude oil tips.ncdex soyabean falls for future,onion price come down in 10 days

Today Indian commodity market show fluctuated trend for noon session, commodities gold and silver fluctuate thier prices but we have seen optimistic trend in base metal trend lower side to last session. 

Crude oil has shown surgical move risen by 29 rs for intraday trade while Brent crude touch near at $107 a barrel on Friday .it demanded in china and US and recover to previous close ,investor demand as peak recover in winter season .Brent crude rose as high as $107.39 a barrel at 106.97$. 

In Ncdex commodity market the soya oil demanded very well and hikes in prices due to rain falls. the future trading is robust in spot prices ,the November contract of soybean was slightly down 0.09 % at rs 3737 per 100 kg.Soybean production in 2013/14 is likely to drop by 4.4 per cent from the previous year to 10.23 million tonnes 

LIVE NEWS : Food Minister today said onion prices will come down in the next 10 days with the fresh arrival of domestic and imported stock,Onion prices have been ruling at Rs 70-90 per kg in most parts of the country it's price will come down in next 10 days. Traders should take legitimate margin and not loot consumers.

intraday mcx commodity trading tips :

BUY mcx crude oil nov at 6015 TGT 6030,6045,6060 SL 6000

BUY mcx cotton 31 oct at 20690 TGT 20790,20890,20990 SL 20590

Sell soyabean future at 3778 TGT 3768,3758,3748 SL 3788

get free recomendation on mcx commodity tips...... 

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