Commodity Trading Tips Of 09.03.2015

Precious Metals:

Gold futures for April 2015 contract, at mcx gold, were trading at Rs. 26,522 per 10 grams, down by 0.09 percent after opening at Rs. 26,565 against the previous closing price of Rs. 26,547. It touched the intra-low high of Rs. 26,516 till the trading.

Market Statistics

COMMODITY	CLOSING PRICE	TREND	SUPPORT Level 2	SUPPORT Level 1	RESISTANCE Level 1	RESISTANCE Level 2
GOLD	26012	DOWN	25657	25835	26337	26661

Agro Outlook :

Mentha Oil prices fell by 0.42 percent on Thursday at the Multi Commodity Exchange (MCX) as a result of the increased arrivals of the commodity in the physical market from the major producing belts in Uttar Pradesh. At MCX, Mentha oil futures for March 2015 contract, at MCX, were trading at Rs. 803.30 per kg, down by 0.42 per cent after opening at Rs. 808.80 against the previous closing price of Rs. 806.40. It touched the intra-day low of Rs. 798.10 till the trading.

 

Castor Seed prices fell by 0.14 percent on Thursday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of fresh supply of the commodity in the major mandies as well as strong production estimates. At the NCDEX, castor seed futures for March 2015 contract was trading at Rs. 3,658 per quintal tonnes, down by 0.14 per cent, after opening at Rs. 3,660 against the previous closing price of Rs. 3,663. It touched the intra-day low of Rs. 3,649 till the trading.