Update: Intra day Commodity and Bullion Predictions Aug 26

1. Crude oil futures on MCX now at Rs 3520. Buy 1 lot at Rs 3510 and another lot at Rs 3501.

 

2. Gold futures at MCX now at Rs  15008. Sell gold futures at Rs 15040 and 15050 since there may be futher upside before a correction in late afternoon.
 

3. Buy Chill futures ar Rs 5520 ( oct series) , now trading at Rs 5550 

Intra day predictions for gold,silver,crude oil and spices

 

Gold and silver : Futures trade may be quite volatile for both gold and silver. Buy Futures if market corrects in morning for profits by afternoon. In late afternoon futures can be shorted as gold and even silver can fall towards end of day on MCX

 

Crude Oil: Uncertain: Call may be given after observing initial trade.

 

Red chilli:  Buy futures upon correction in morning. Trade may be volatile with possibility for profits by shorting in early afternoon .

 

Black Pepper: Volatile trade. Buy futures in morning only upon correction. Better strategy may be to short if first gives profits in early morning itself

 

Disclaimer: Predictions carry risk. Your are responsible for any losses/profits as a result of these predictions