Crude Oil gained, Gold Silver weak, NCDEX Agri Tips

NCDEX TIPSInitial weakness in Crude oil was over, now the price raised 0.50%. Actually Crude oil price jumped to 5 month above level in global market. At MCX the Crude oil May future traded at 3775.00 up 0.53%, while natural gas May future declined 0.42%.

Federal Reserve were not raised its rates, and also gave no indication of further action. But Gold and Silver weakness increased. At MCX Gold June future price broke 0.21% and Silver May future slipped 0.34%.

In Agri Commodities we are seeing pressure on Jeera price after 25% up-trend in this month. Turmeric and Dhaniya is trading with gain. Soyabean price increased 2.5%.

NCDEX AGRI TIPS

Buy Soyabean NCDEX June Future above Rs 4074 Target 4100 Stop loss 4050.

Buy Channa NCDEX June Future at 4265 Target 4315 Stop loss 4240.

 

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