Gold price reached 2 week high in International market after US dollar slipped. Gold traded under pressure at COMAX and traded near 1185$. Silver under pressure after yesterday hike. Crude oil price dropped 1% at NYMAX and traded below $47.
At MCX bullion commodities are trading weak, Crude oil gained and weakness in base metals. MCX Mentha oil March future gained 0.42% while Cotton future slipped 0.20%. At NCDEX Maize traded below 1240 with 2% loss.
Copper (MCX April Future): Sell below 387 target 383.41 stop loss 390.00.
Silver (MCX May Future): Buy at 37830 target 38063 stop loss 37606.
Cotton (MCX March Future): Sell below 15213 target 15103 stop loss 15266.
Maize (NCDEX April Future): Sell below 1254 target 1236 stop loss 1275.