Thursday, May 23, 2013

23/05/13 MCX Gold, silver movement | accurate MCX day trading call and mcx tips for today session

Yesterday market close with a mixed reaction, gold prices are close on down side, but today in the fresh start gold open in green side at 26020. On Thursday morning MCX market looking in deep negative side with fluctuation in top commodity. White metal opens in red side after a yesterday positive close and for today trading silver looks more volatile with most on red side.

On Forex market rupees hit 6 month low against US dollar and closes at 55.46.

Oil prices in Asia are trading in red side from yesterday, today at MCX crude oil for June delivery open at bit down 5290 against its last close at 5297. It the early trade crude oil drop down by more than -40 point on MCX and expected to trade in bearish side.

After yesterday positive trading session base metal open at red side, MCX copper, nickel looks more bearish in early first hour of trading and expected to trade bearish for today session.

Mentha oil in domestic market trading in red side after touching a level of 1000 on early on Monday, it fell on continue its good position at MCX. Today mentha oil for May delivery opens at 945.60 against its previous close 962.20.  

Natural gas in domestic market continue show correction in its position, today it open at 234.50 against its last close at 233.40. Today it expected to trade in the range of 230 to 240.

Buy gold June above 26110 tgt 26150, 26200, 26250………….sl 25850.

Sell silver July below 43100 tgt 43000, 42900, 42800…………………sl 43400

Sell crude oil June below 5250 tgt 5240, 5230, 5210………….sl 5290

Sell nickel May below  835 tgt 833, 831, 827…………… 843


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