Multi commodity exchange showing green flag for white metal,
MCX may delivery for white metal roses more than 0.75% and touches an intraday high
of 45450. On Monday morning silver for May delivery open at 45150 against its previous
close 45043. In the overseas market a silver price bounce high and crosses
$24.21 while on domestic market silver touches a low of 45081. There is more to
watch on silver prices in evening session with some more positive moves for May
delivery.
Gold prices are trading with mixed movement on MCX market,
on Monday morning gold for June delivery open at 27200 and touch a high of
27329 with a low of 27132. In this gold prices are expecting to support a good
trend and trade in the range of 25900 to 28500 and more along Y Axis. Some jumps on positive side are looking on
gold for June contracts around 6 pm.
Crude oil on future delivery are showing bearish trend, on
Monday morning it open at 5066 and falling down at that position and touch a minimum
of 5031 for May delivery. On New York crude price again turn to red side and
fall below $93 and comes to $92.69. On
spot market At Mumbai crude oil are trading on green side at 5049 at 2:51 pm. For
today trading session crude oil are looking to trade bearish with some small
correction in evening.
Natural gas is trading towards positive side and some more
correction is being expected from May delivery in upcoming days. This week natural gas are expecting to trade
bit positive and constant for future delivery.
FOR MORE COMMODITY TRADING CALLS FILL TRIAL FORM
Base metals are showing a mixed motion, most traded metal
copper and nickel are on green side with low negative movement. MCX copper for
April delivery open at 382.60, on commodity market it touches an intraday high
of 384.90 with a down side low of 379.45. Movements in copper are volatile and experienced
a positive movement with some correction. Nickel for April delivery are looking bearish
for whole day, on morning session it
traded towards the negative side but some positive trend are going to seen with
some correction in evening session.
MCX tips today
Buy gold (June) above 27200 tgt 27250, 27300, 27400………….Stoploss
27000
Buy silver (May) above 45250 tgt 45300, 45350, 45500 …
Stoploss 45000
Buy mentha oil (April) above 970 tgt 973, 976, 980……… Stoploss 960
Sell nickel (April) below 827 tgt 825, 822, 819…..
Stoploss 833
Seed Newsvine
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