Wednesday, May 22, 2013

Evening Live MCX metal tips and copper-nickel-crude trend for 22/05/13

MCX metals are on upper side, base metal and precious both are looking to move on in green in evening session. After opening with a good level MCX copper for June delivery continue its strong trend and touched an intraday high of 417.05. Nickel for May delivery at MCX also following the copper and other metal and expected to trade with a green flag. Similar trend are also being continue by lead, zinc and aluminum in remaining session of today trade.

Today crude oil for future delivery is fall down by more than -30 point on MCX; all the eyes are on US energy inventory report, light sweet crude for July delivery dropped by 48 cent to $95.70 a barrel. For today trading crude oil in domestic market are looking to trade in bearish side.

Mcx mentha oil are much volatile in this week, as I say in my early post, continue its all color in domestic market. On early morning it touched an intraday high of 1040.80 while after touching this position its continue to fall and touch a low of 962.30.



Buy zinc May above 102 tgt 102.30, 102.60, 103……………sl 101

Buy copper June above 415.50 tgt 416, 417, 418……….sl 413

Buy nickel May above 839.50 tgt, 842, 844…846… 832




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