Monday, June 10, 2013

Evening MCX bullion bullish || crude oil high on intraday trading and today 10 June intraday commodity tips

Due to correction in dollar price crude change it direction and crosses the mark of 5500 on Saturday trade. After getting early lead Brent crude slipped in 44 cent to $102.14 a barrel whereas US oil dropped by 37 cent to $95.66 per barrel. But if we are talking about domestic commodity market crude oil are trading in higher side after gaining a intraday high of 5562, on Monday morning it open at 5522 and touched a low of 5519.

MCX gold for August delivery today opens at 27617 and touched an intraday high of 27784 with a low of 27586.  Continue increment in Dollar prices left gold price in upper side and on intraday trade gold it expected to gain more point in green side at evening trade. Meanwhile silver are trading with a mixed reaction mostly in upper side. Weak rupees pushing silver back but the demand and high volume support the trend on intraday trade at Multi commodity exchange for July delivery.

Today all energies stock raised at MCX, on early trade a good swing are seen mentha oil, natural gas and crude oil are expected to carry on with same trend. Mentha oil, natural gas and crude in evening trade looking to be bullish with a small red sign.

Base metal are positive on intraday market with a small downwards trend, at MCX metal are looking in a mixed movement with a small gain in early trade, after opening in downside. Today copper and nickel are showing a lazy trend in market and expected to fall and trade with a small bearish trend.


Buy gold August above 27700 tgt 27750, 27800, 27850…………….sl 27550

Buy silver July above 43050 tgt 43100, 43200, 43300……… 42750

Buy nickel June above 866.50 tgt 867, 868, 870…………… 861

Buy lead above 123.50 tgt 123.80, 124, 124.50……………sl 122


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