The multi commodity exchange showed the list of various prices and bets on to buy the crude oil and sells the gold, silver and copper. Experts are in view after seeing the prices of gold, silver and copper that it is better to sell today than to see further decline in their prices in more coming sessions. The crude oil prices are going to long way from 5250 per barrel to 5410 per barrel.
Nalin Gupta advises to make a stop loss at 5300 per barrel rather than looking for 5360 per barrel. He is expecting that the crude oil prices seem to come up in two to three coming sessions. In the same way, the spot copper should be targeted at around Rs. 410 per kg and stop loss at Rs. 420 per kg. On 16th April 2012, the gold prices edged down more from the previous sessions and it is expected to continue to decline in the future sessions. Today gold prices are traded at Rs. 29,000 per 10 grams and should be sell by not facing big losses at Rs. 28,900 per 10 grams.
The future targets of gold are seem to come in the range of around Rs 28,400-28,200 per 10 grams. On 15th April, 2012 Gold had been traded at Rs. 28,890 per kg that had been lowered by Rs. 200 in Friday session. The white metal is traded at Rs. 56,000 per kg lowered by Rs. 900 in last session.
The MCX prices are best sold at around 416-417 per kg that can go beyond 400 per kg in the coming few sessions. On 16th April 2012, silver prices fell by 1.07 per cent that continues to decline since the last week of April. It is expected to fall in future so better to sell the white metal before its prices goes beyond the Rs 57050.
More expert views say that it is better to sell the other commodities such as wheat, CPO and jeera. China's slow GDP growth makes it for MCX to react faster to avoid heavy losses.
This year commodity market trading in mcx is a very hard task for making money in online trading market. Commodity exchanges also faces problem of low liquidity due to lower volumes in various contract of silver and copper in Mcx and Comex.
