Intra day Prediction for commodities,Gold, Silver oil -prediction for Sept 9,2009

This is with reference for futures trading on NCDEX/MCX unless otherwise mentioned  and only for tradng between 10am -5 pm.Pls note today's predictions carries higher risk

 

specific buy/sell call may be given  in some cases where possible

1. Gold : May correct especially from mid day to afternoon and then rise sharply towards end of day. Sell on morning gains and buy futures in afternoon upon correction.

 

2. silver: Trend similar to gold futures likely 

 

3. crude oil: short futures in morning and buy upon mid day correctionor earlier

 

4.Aluminium: Like oil a mixed trend is possible.Sell futures  in morning.

 

5. Cumin/jeera: Buy futures on correction in morning  or at even prices. May sell on gains.

 

6.Red chilli: Short chilli  futures if it gains in morning but better to buy upon significant correction

 

7.wheat: sell wheat  futures (NCDEX) but may buy in mid and late  afternoon upon correction

 

disclaimer apply. It may be better to wait for buy/sell call as most of these commodities may display volatile trend today with possiblity of gain from both buying or selling at different times of the day