Today MCX market starts with a sloppy and negative movement. Most commodities are open in negative side especially base metal trade in bearish side. Gold open on red side but some positive movement expected form that in afternoon. In intraday yellow metal is lost its momentum compare to previous week. While silver is on green side and some high movement is expected form that on intraday. Silver is moving with strong support of 53900 with a resistance level of 55650.
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Buy gold above 29600 tgt 29640, 29680, 29750………..sl 29450
Buy silver above 54860 tgt 54960, 55060, 55160……….sl 54560
Today crude oil open on green side and its movement is looking bullish for intraday. Crude oil on MCX is moving with a strong support level of 4940 and a resistance level of 5060.
Buy crude oil above 5000 tgt 5010,5020 , 5040…………sl 4960
Today on MCX mentha oil is on negative side and high negative movement is expected form that on intraday trading. Today it opens at 1245.30 and touches an intraday low of 1236.80.
Sell mentha oil below 1242 tgt 1235, 1230, 1225…………sl 1259