Tuesday, May 21, 2013

MCX tips| live gold silver trend for today| MCx crude trend and mentha oil and free commodity tips for 21/05/13

Today commodity market looks in a good trend, especially the hot commodity gold and silver expected to bounce back in the market. Gold for June delivery open at 26140 against its previous close 26088. For today trade gold is expected bullish with small jumps in market.  
Support:  25800, 25700, 25650
Resistance: 26300, 26500
MCX silver are looking very volatile for today trade, silver for July delivery open at 43054 its last close is Rs 43263. Today in early trade of first hour it touch a high of 43212 and expected more up on intraday trade. 
Support:  43000, 42810, 42650
Resistance: 43700, 44000, 44200
After the positive reaction by bullion in domestic market MCX crude oil also seems to be positive. At MCX on early trade crude oil open at 5345 bit down against its last close at 5350. For today trade crude oil is experienced a good movement at MCX in green side.
MCX base metal are looking on a good side, today MCX copper open at  low red side but good recovery had seen in copper after open it at 408.55 whereas it last close is 409.


After a week MCX nickel are going to free its hand, in domestic market nickel for May delivery open at same position where it is close at 827.90. for today trading nickel is going to trade on green side with  a high movement.
Lead price are rising with a small step on MCX, today it open at 111.85 some point down to its last close but trend supporting a open interest on domestic market.
On Tuesday morning Mentha oil open at 970 against its last close at 962.40, this week mentha oil looks more positive and bullish with a strong trend. On today trading it gain more than 3% and crosses the mark of 1000 and experienced to move on with green flag.

Today MCX calls

Buy gold June above 26270 tgt 26300, 26350,26400…………sl 26040
Buy silver July above 43400 tgt 43500, 43600, 43700………….sl 43100
Buy crude oil June  above 5360 tgt 5370, 5380, 5400………………….sl 5320
Buy nickel above 832 tgt 834, 836, 840……………sl 824


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