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Commodity market has the positive opening today after fall on yesterday.but sentiments are showing the weak trend today.Both commodity segments MCX and NCDEX trading at lower level.
Crude oil Tips Today:-Slight decline in the domestic market with crude oil is trading at Rs 5469. In the international market, crude oil slipped half a per cent, the price is above 106 dollars a barrel.
Bullion tips Today:-MCX silver prices are trading lower on Wednesday and silver have technical sell signal on the precious metal. MCX silver May contract is trading at Rs 57282, down 0.21% after opening at Rs 57341. At the COMEX, silver contracts are trading in the red.
CARDAMOM Apr mcx:-If prices break and sustain below 1148 levels then we could see a fall towards 1123 followed by 1100 levels.
Pepper Apr ncdex:- If unable to crack above the resistance of 43000, bears may rule the counter and,therefore, expect a lower correction towards 40800 followed by 40000 levels for the day. However, an unexpected rise above the resistance of 43000-43500 regions could see a rally towards 44500/45200 levels in the near term.
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