Monday, 24 June 2013

COMMODITY TIPS FOR INTRADAY TREND : 24 JUNE 2013

CPO June MCX - The trend still looks optimistic as prices are able to live up above 504 levels.

Turmeric July NCDEX - If prices are able to break the 45 day EMA resistance at 5950, could See 6000 followed by 6140 levels.

Chilli Jul NCDEX - Inability to trade above 5750 could enable selloffs to 5550 and
then to 5410 region.

Menthaoil June MCX- If prices are able to withstand above 1025, could continue the
upside moves to 1050/1075 levels.

Kapas Apr 2014 NCDEX- 1092 is the resistance, if crisscross above the same with volume,
expect a rally towards 1097 followed by 1110 levels.

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