Commodity Update

FREE Commodity Jackpot/Sureshot Calls For MCX

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Buy     PEPPER
ABOVE 22925
SL 22900
Targets 22975 23025 23075 23125

Sell     PEPPER
BELOW 22800
SL 22825
Targets 22750 22700 22650 22600

Buy     SILVER
ABOVE 28858 HIT 45750
SL 100% Confirm
Target ABOVE 28858 HIT 45750

Sell     CHANA
BELOW 2590
SL 2600
Target 2575 2560 2545 2430

Sell     GARSEED
BELOW 2620
SL 2630
Target 2605 2590 2575 2560

Buy     CHANA
ABOVE 2610
SL 2600
Target 2625 2640 2655 2670

Buy     GOLD FUT
Above 17777 HIT 20875
SL POSITIONAL CALL
Target 17777 HIT 20875

Buy     COPPER
ABOVE 425 HIT 445
SL 100% Confirmed
Targets 440 465 480 495 510 525 540

Buy     GARSEED
ABOVE 2650
SL 2640
Targets 2665 2680 2695 2710

Buy     SILVER
ABOVE 45888 HITS 47770
SL 100% Confirmed
Targets 49855 52555 54666 56666 59399

Sell     CARDAMON
BELOW 1540
SL 1550
Targets 1520 1500 1480 1460

Sell     ZINC
BELOW 111.40
SL 111.65
Target 111 110.50 110 109.50

Buy     GOLD FUT
AT 20260
SL 20225
Targets 20390 20450 20510 20560

Buy     SILVER
AT 43825
SL 43625
Targets 44425 44925 45425 45925

Buy     COPPER
ABOVE 432 HIT 445
SL 430
Targets 436 440 444 448 452 454

Buy     NICKLE
AT 1096 HIT 1180
SL 1088
Targets 1125 1150 1175 1200

Buy     ZINC
AT 108.50
SL 107.50
Targets 110 112 114 116

Buy     ALUM
ABOVE 113.50
SL 113
Targets 114 115 116 117 118 119

Buy     LEAD
ABOVE 119.60
SL 119
Targets 121 122 123 124 126 127

Buy     MENTHA
ABOVE 1182
SL 1172
Targets 1192 1202 1212 1222

Buy     ZINC
ABOVE 112.20
SL 112
Targets 112.60 113 113.50 114

Stock discussion Forum and Free Intraday Calls visit www.dstreetdirect.com and www.stockcallsindia.com

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Commodity Jackpot/Sureshot Calls For MCX

Buy        SILVER
Recommended Rate : ABOVE 45888 HITS 47770
Stoploss : 100% Confirmed Call
Target : 47770-49855-52555-54666 -56666

Buy        CRUDE OIL
Rec Rate 3380 HIT 4162
Stoploss : 100% Confirmed
Targets: 4050 4150 4250 4350 4450 4550

Buy    COPPER
Recommended Rate : ABOVE 364 HITS 445
Stoploss : 100% Confirmed
Target: 445

Buy        GOLD FUT
Recommended Rate : 17777 HIT 20875
Type Of Call: POSITIONAL JACKPOT
Target : 20875

Buy        COPPER
Recommended Rate: ABOVE 425 HIT 445
Stoploss : 100% Confirmed Call
Targets: 440-465-480-495-510-525

Buy        GOLD FUT
Recommended Rate : ABOVE 21111
Stoploss: 19108
Targets: 21600-22050-22410-23211

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Crude Back On Track After A “Blast”

Crude Oil prices rebounded on Wednesday after two straight days of decline and rose more than 2 percent, on getting strong manufacturing data from US and China, reviving risk appetite, also the dollar weakened against a basket of other currencies. Though the US Energy Information Administration (EIA) data showed crude oil stockpiles rose 3.43 million barrels last week, more than expected, but the US manufacturing sector grew faster than expected in August and relieved the concern about tepid oil demand.

Oil rebounded after the U.S. Coast Guard reported the blast, which occurred 90 miles (145 kilometers) off the Louisiana coast. The Obama administration instituted a temporary moratorium on deep-water oil and gas drilling in the Gulf on May 27 in reaction to a BP Plc oil spill, the worst in U.S. history.

Meanwhile in a survey, it was shown that OPEC crude oil supply fell in August to the lowest since November 2009 as reduced supplies from Nigeria, the United Arab Emirates and Iraq offset increased output in Angola.

Benchmark crude for October delivery rose $1.99, or 2.77 percent, to settle at $73.91, after trading in a range of $71.67 to $74.48 on the New York Mercantile Exchange.

In London Brent crude for October rose $1.93 to $73.85 on the ICE.

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Sugar Futures Trading Ban May Be Lifted

Agriculture Minister Sharad Pawar has indicated that the Centre is going to discuss relaxing the ban on trading of sugar futures early next month. The ban, which was placed in May 2009 to avoid price rigging in commodity, is valid till end of this month.

The decision on lifting over-a-year old ban will be taken after considering production level in September, the minister added. October to September is considered as sugar season in the country. Sugar prices have witnessed sharp correction since the beginning of 2010. In January 2010 the sweetener’s price was hovering around Rs 50 per kg level which has now corrected to around Rs 30 a kg. Change in the demand-supply dynamics is one of the major reasons for sharp drop in sugar prices.

India’s sugar production is likely to stand at around 25.5 million tonnes in the next season against the demand of around 23 million tonnes. For the current season ending September 30, 2010, the projections for production are at around 18.8 million tonnes.

Sugar futures trade was banned upon demand by the Left parties who contended that manipulation in the futures trade in the commodities market played a key role in increase in prices of essential commodity. In 2010-11, sugar output is expected at 25.5 million tonnes, higher than the annual demand of 23 million tonnes. The high output estimates, although questionable at this juncture, will ensure adequate domestic supply and lower consumer prices, allowing the government to free sugar trade without worrying about prices.

Pawar has also summarily rejected the Supreme Court’s recommendations of distribution of food grains to the hungry poor of the country instead of allowing it to rot in Food Corporation of India (FCI) godowns.

Sugar production in India, the world’s second largest producer and the biggest consumer, is estimated to touch 18.8 million tonnes in the ongoing 2009-10 season, nearly 3 million tonnes more than the earlier projection. The country has imported about 6 million tonnes of sugar since early last year as sugar output in 2008-09 and 2009-10 crop-year was lower than the domestic demand. 

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Latest Crude Oil Trading Tips

Crude oil future (March) prices witnessed a rally on Wednesday’s trading session and after making a high of 3707 it settled at 3689 levels.

It’s sjown a stiff resistance at 3730 levels on breach of the same likely to trade higher. The supports are at 3660 then 3630 levels.

We at fxcommodity expect prices to trade sideways to higher and recommend buying near support levels.

MCX Crude Oil Tip
Buy March at 3675
Tgt 3720
SL 3650

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