Commodity market looks bits relax now, after the yesterday sharp falling in most trading commodities. No such high movement had seen in gold and silver. On MCX gold for June delivery are volatile on market and trading with a good volume. On Tuesday morning gold for June delivery open at 25460 against its previous close at 25634. On spot market some positive movement had seen on early morning and for today trading gold prices are very volatile. For intraday market support for gold are 25100 and for whereas resistance for gold is 26400 and follow for June delivery. Whereas silver for May delivery are pretty dull are showing sloppy movement. Today it’s open at 43876 but the movement had low compare to yesterday trading session. On intraday market it touches a high of 44431 and low of 42753. Some positive correction might be expected in white metal near 6 pm on domestic market.
Buy gold above 25800 tgt 25850, 25900, 26000……sl 25600
Buy silver above 44500 tgt 44600, 44800, 45000………….sl 44000
MCX crude negative movement is continue to second day of week. MCX crude for April delivery opens at 4808 and continues to fall from that position and touches and low of 4750. For today trading MCX crude is looking bearish some but correction is expected in evening session.
Buy crude oil above 4810 tgt 4820, 4830, 4840………..sl 4780
Base metal show negative movements in early trade but on evening some correction are expectation in all metals. Copper and nickel are experience bearish trend at Multi commodity exchange.
Buy nickel above 853 tgt 860, 865, 870………….sl 836
Buy lead above 111 tgt 111.50, 112, 113…………..sl 109
Buy zinc above 101.50 tgt 102, 102.50, 103.50 ……SL 99.50