Thursday, August 20, 2009

Commodity and Bullion Gold price Prediction for August 20

1. Crude Oil ( MCX): After initial rise possibly peaking in after noon oil futures likely to gie up gains ( 10 am -5 pm). Buy futures in morning and short in afternoon or on initial good rise. ( oil reflects both price and dollar fluctuations)

2. Gold: Buy gold futures in morning ( MCX) which may peak in afternoon. Gold spot prices are indicated to fall in afternoon ( 10 am -5 pm) (gold futures on MCX and NCDEX reflect both gold post price and currency fluctuations hence futures may differ from spot prices quoted on kitco.com in $ terms )

3. Potato: short potato futures ( NCDEX) as it is expected to fall except for a short rise in afternoon when it canbe shorted again.

4. Turmeric: short turmeric futures if it opens with good gains in morning (NCDEX). exit shorts by afternoon( there is more risk in this predction today)



Disclaimer: Risk and responsibility of using these prediction lies solely with the user

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