As the US Federal Reserve meeting in June is approaching, pressure is increasing on gold prices. Dollar, gold prices in the international market in 1245 has also touched the lowest level in the past one month. Silver also is a declining trend.
The recovery in the dollar sell-off in crude oil dominates. The American Petroleum Institute is scheduled to report today. Earlier on Nymex crude has come down to $ 48. In base metals in the international market is also dominated idling.
Increased speed of soybean cultivation in the US soybean prices in the international market has dropped. But today, the rupee has weakened again. 1 price of $ 67.60 is beyond Rs.
29620 with a decline of 0.25 percent MCX gold is trading at Rs. Silver looks around Rs 39 515 0.4 per cent fall. Looks flat on the MCX crude oil and the price is around Rs 3250. Although natural gas is trading at 0.25 per cent at Rs 139.6.
Base metals gained is being witnessed. Aluminium rose 0.1 per cent on MCX is trading at Rs 104.7. Copper is trading at Rs 309.9 0.2 per cent. Lead with 0.3 per cent is trading at Rs 111.75. Zinc rose 0.1 per cent is trading at Rs 123.8. Nickel with 0.5 per cent growth to Rs 567.6 is reached.
Agri commodities June futures on NCDEX jeera with a marginal gain of 0.2 per cent is trading at Rs 16 390. The NCDEX sugar futures for July 3520 with a gain of 0.25 per cent is trading at Rs.
Karvy Comtrade investment advice
MCX gold (June futures): Sell – 29680, stoploss – 29 780 and Goals – 29450
MCX silver (July futures): Buy – 39300, stoploss – 39100 and target – 39700
MCX Copper (June futures): Sell – 311, stoploss – 314.5 and the target – 305
MCX Crude Oil (June futures): Sell – 3300-3310, stoploss – 3350 and the target – 3220
Angel Commodities investment advice
NCDEX Jeera (June futures): Sell – from 16,540 to 16,560, stoploss – 16750 and target – 16240/16200
NCDEX Sugar (July futures): Sell – 3550-3560, stoploss – 3600 and the target – 3470/3460