Domestic commodity
market is struggling with a bearish movement; at Multi commodity exchange
market is full of red. Global market
also fails to control the bearish movement of commodities. On Wednesday morning
MCX gold for June delivery fail to open in positive side in this week. Today it
opens at 26700 and touched an intraday low of 26406. Euro touch 6 week low
against US dollar affected the Asian Market. In US market gold for June delivery fell by
more than 1% to $ 1408.20 an ounce. Meanwhile MCX silver fighting with a low
demand and Euro data, today at Multi commodity exchange it open at 44400 and
fell to hold the positive flag after moving on upside. On intraday traded it
touch a high of 44439 with a low of 43573. At multi commodity exchange no positive response
had come and expected more bearish trend in evening session.
SELL GOLD
JUNE BELOW 26470 TGT 26440, 26400, 26350……..STOPLOSS 26590
Global crude
oil fail to control the trend and its impact had seen in domestic market. MCX
crude continues to fell in domestic market and touched two week low. Today
crude for May delivery open at 5186 and touched a low of 5117. In domestic
market crude oil is trade in the range this year between 5050 to 5280 form January
and no positive movement is expected today in MCX.
FILL FREE TRIAL FOR
MORE ACCURATE COMMODITY CALLS
MORE ACCURATE COMMODITY CALLS
SELL CRUDE OIL MAY BELOW 5130 TGT 5120, 5110, 5100……..STOPLOSS 5160
Natural gas
is trying is recover on MCX, on domestic market natural gas success to generate
the demand. At MCX natural gas for May delivery open in green side at 219.80 and
touched an intraday high of 221.80 and low of 219.30. More correction is expected
in natural gas in upcoming week due to uncertain rising in demand.
BUY NATURAL
GAS MAY ABOVE 221.50 TGT 222, 223, 224.50 ..STOPLOSS 218.50
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