After last week bullish trend Soyabean price declined sharply today. At NCDEX Soyabean slipped 0.75% to Rs 4300, and new season October future traded below Rs 3600.
At NCDEX Sugar price go 0.25% down to Rs 2300. Notably, Sugar cane planting increased despite of not receiving payment by farmers. By 8th may 40 million hectares land have been cultivated for Sugar cane as compared to last year in same session.
The pressure is being witnessed in the upper level of gold, International and domestic Gold price have fallen. Pressure on Gold seems due to strong Dollar. US unemployment rate has come to 7 year low level which support Dollar. At MCX Gold is trading flat near Rs 26900 and Silver traded near Rs 37950.
Commodity Buy Sell Tips Today
Sell MCX Copper June Future below 413 Target 409 stop loss 415.
Sell MCX Gold June Future below 26860 Target 26700 stop loss 26960.
Buy MCX Natural Gas May Future above 185 Target 192 stop loss 180.