Gold and silver have come under pressure again. In international markets, gold is trading under $ 1215. As recovery in the American economy expected ,pressure will increase on gold. MCX gold is trading with a loss of about 0.2 per cent. While silver is trading down 0.5 per cent.
Crude Oil stocks in United states has gone last 8 month low, but crude production has reached record levels. At MCX Crude Oil is trading with 1% gain and Natural Gas traded 0.2% down.
In Base Metals Aluminium traded with slight decline, Copper and Nickel down 0.3%, Lead is trading with 0.2% decline while Zinc dropped 0.1%.
In Agri Commodities MCX crude palm oil is reached to Rs 468.7 with 0.7%. NCDEX Soya oil seems to be around Rs 615 with 0.4%.
MCX Lead 30SEP2014 (Futures) Buy above 126 target 127.16 Stop loss 125.
MCX Crude Palm Oil 30SEP2014 (Futures) Buy above 470 target 479.80 Stop loss 464.
NCDEX Soya Oil 25OCT2014 (Futures) Buy above 618 target 672 stop loss 612.