Monday 27 February 2012

Commodity Trading Tips 27 Feb

Turmeric prices in the intraday are expected to trade sideways to up due to improved buying at lower levels by the market participants.

Prices are trading at lower levels so fresh orders from the domestic and overseas buyers might be placed which might control prices from falling sharply.

Jeera prices in the intraday are expected to trade sideways on account of lacklustre demand from the domestic buyers.

Favorable weather conditions and thereby better crop expectation may pressurize prices in the short term.

Outlook for Jeera is sideways to up for the day. Pepper futures to trade higher for the day. Guar Complex is expected to trade higher for the day. Outlook for Chana is down for the day. Outlook for Soybean is seen down for the day. CPO is expected to trade lower.

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