Friday, August 21, 2009

Commodity and Bullion Gold price Prediction for August 21

Commodity and Bullion Gold price Prediction for August 21

1. Crude oil: Oil may be volatile today. Buy futures if oil corrects in morning which may peak in afternoon. Buy futures again if oil corrects in late afternoon. ( trading time on NCDEX/MCX from 10-5 pm is considered- same for gold)

2. Gold: Short gold futures if it opens with gain. There may a steep correction or fall in morning Gold can correct again in late afternoon after a rise in afternoon. a volatile day

3. Soyabean :Short Soyabean futures as price is expected to fall most of the day

4. Jeera: Buy on every correction. Futures trade may be volatileDisclaimer: Risk of trading using these prediction lies solely with the trader/user of these predictions

 
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