Todays MCX Commodity Market Updates - Safal Trading

Half per cent of crude oil in the domestic market with strength in today's trading, the price is at Rs 4763. The Norwegian companies over a strike in the international market has also seen strong crude oil prices.

Despite the weakness of bucks move on commodity tips gold is dull today. In domestic markets, with gold trading flat at Rs 29 642, although silver with nearly 0.5 per cent is currently trading at Rs 53 402. Gold and silver in the international market has seen a slight edge.

All metals except aluminum base metals business is with the edge. Nickel, lead and zinc has been shown to strengthen nearly half per cent. Metals weakness of the rupee against the dollar in the domestic market is getting support. The inflation rate in China is estimated to be less strong in the London Metal Exchange copper has seen. LME copper at the moment is trading at $ 7,500 per tonne.

But that still continues in Seediiaks Soyabni. In the soybean futures market price has moved up to Rs 4,200. During the last 1 month, 30 per cent strength in soybean prices has come. Cotton cake futures are trading with nearly 2.5 per cent and the price rose to cross Rs 1,350.

MCX Trading Call experts advise for investors:- 

Silver (mcx tips ): Buy Rs -53 300, -53 000 stoploss of Rs Rs Rs -53 800 goals

Copper (MCX): Buy RS -424, -421 stoploss of Rs Rs Rs goals -429

Soybean (August futures) NCDEX: Buy Rs -4 220, -4 150 stoploss of Rs Rs Rs -4340 to 4500 targets

Cotton cake (August futures) ncdex tips : Buy Rs -1 400, -1 360 stoploss of Rs Rs Rs target -1.470-1,500