Today commodity market is in much consolidate position, today gold prices rose by more than +200 point and touch an intraday high of 27015, today finally gold crosses the mark of 27000 but it is expected that gold prices are bounce back in market due to low physical demand in Asian market. In evening trade market looks back with a mixed reaction with mostly in bullish side.
Currently all script are in positive side crude recover good at Multi commodity exchange. Today for June delivery it open at 5227 and trading in deep red side in first two sessions but a good recovery had seen in crude oil price and it touch a high of 5261 and low of 5190. Strong dollar price help crude oil to recover in domestic market. In FOREX market dollar price increase by +0.29 against Indian currency.
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Base metal performing high on domestic market due to increment in domestic physical demand, Today nickel, copper, lead ,zinc and aluminum are performing in green side At Multi commodity exchange. In evening trade more increment is expected due to global cues.
Buy gold June above 26950 tgt 27000, 27050, 27100………….sl 26700
Buy silver July above 44000 tgt 44100, 44200, 44300…………sl 43600
Buy nickel June above 863.50 tgt 865, 868, 875…………..sl 851
buy crude oil June above 5255 tgt 5260, 5270, 5280…………sl 5230
buy lead June above 126 tgt 126.50, 127, 128……………..sl 124