Evening MCX trend || active intraday mcx call || commodity update for today
Commodity market is full on
bearish node, bullion show a huge depreciation on morning trade at Multi
commodity exchange. On intraday trade bullion fall by more than -2000 point
together in today trade at domestic MCX market. Today gold prices open at 26535 and touch an
intraday low of 25758 against its last close of Rs 26559. Spot gold
fell by 1.4 percent to $1258.54 an ounce, while Comex gold fell to $1254.6 a 3
year low since September 2010.More depreciation is experienced on intraday trade
at MCX in gold and silver in today trade. Strong US economic data and sluggish demand
result this destruction on intraday trade. On evening trade more depreciation in might be
watched while some correction is looked on today trade before closing.
If we talk about other MCX commodity
a mixed trend are seen on Wednesday morning session. Crude oil for future
delivery open at 5682 at MCX and show a mixed trend by touch a high of 5722 and
low of 5653. In evening crude oil experienced with a same trend looking to positive
side with a small downtrend at MCX.
In other energies commodity mentha
oil seem to recover on intraday trading after 7 pm, at MCX for future delivery it
traded towards negative side but on evening trade it looks with a volatile movement
due to change in global data.
While talking about lead, copper
and nickel are all trading below marking level, MCX copper for future delivery
trading below its opening position at 402.40 and looking to trade with a same trend
on MCX meanwhile a positive data must be seen in tomorrow trend. In other base
metal zinc and aluminum are trading in positive side with a small correction in
MCX Aluminum for future trade
trading above 104.25 while a zinc above
108.25. More increment is looking
as correction in Indian currency. All most traded metal are fall by a sharp
edge and predicted to increment in future trading session.
Buy copper June above 402.50 tgt
403, 405, 407……sl 394
Buy nickel June above 824.50
tgt 826, 829, 834…sl 813
You are advised to take your position with your sense and judgment.The views and investment tips expressed by users on mcxtipstoday are their own, and not that of the website or its management. mcxtipstoday advises users to check with certified experts before taking any investment decisions. If any other company also giving same script and recommandation then we are not responsible for that. We have not any position in our given scripts. Visiting our web one should by agree to our terms and condition and disclaimer also. All credit goes to original authors of post on this website. Website owner is not responsible for any loss due to your own decision or judgement. Thanks for Visiting our Website.