Posted by : Niti Mathur
Commodity Data News
After a sharp fall in the international market, gold-silver has shown a little strength and get a pivot level. COMEX gold is trading with a gain of 0.75 per cent, although prices are only around 1,240 dollars per ounce. In silver, it is trading with a gain of nearly 1.25 percent. But the prices are around $ 18 per ounce.
On the other hand in agri markets MCX cardamom July contract may trade in a consolidate trend with buying sentiments today. Expectations of steady spot markets may influence cardamom futures. Now MCX cardamom has a strong Support at 730-725 level and a resistance at 765-772 levels. Buy on lower levels is been suggested. Commodity updates are MCX Cardamom July contract were down by 2.15% on Wednesday.
NCDEX barley for July delivery may see some short covering today. Barley has some support at 1339-1328 level and Resistance trend is in between 1391-1402 levels.
For today MCX Gold and silver both a trading bearish. We suggest to sell Bullions on higher level today.