Bullion
Gold price in global market hit a record low and comes below
$1200 on Friday since August 2010. On spot market gold hit a low of $ 1180.71 an
ounce. If we talk about domestic MCX market gold prices are trading flat bearish
from its opening position 25247 for future active contract on intraday trading it
touch a low of 24970, more depreciation are looking in evening session. Dropping
in dollar against Indian currency fells gold price in domestic market. Moving towards
white metal it trading against yellow metal with positive flag, on intraday
trading at MCX silver prices are looking in good level but a fluctuation in
silver prices are looking in evening trading session for future trading.
Energies
Crude oil and mentha oil are trading just in opposite
direction, mentha oil are in positive direction after opening at 982.70 but on
other hand crude oil are looking in red
side. Today at MCX crude oil open at 5840 and touched an intraday low of 5805. More
depreciation is expected in crude oil with some correction in remaining
session.
Base metal
MCX nickel, copper all are in bearish node for future
delivery, today copper touch a low of 400.45 on intraday traded after opening
in negative side at 402.65.
Nickel fall more than 10 point on intraday trade and touch a
low of 818.50.
Lead touches a low of 121.50 and expected to trade more in
deep red side.
Today MCX tips
Buy silver July above
38950 tgt 39000, 39100, 39250…..sl 38600
Sell gold August
below 24990 tgt 24960, 24900, 24850… sl 25190
Sell crude oil July
below 5805 tgt 5800, 5790, 5780…sl 5830
Buy mentha oil June above 995 tgt 998, 1002,
1005… sl 975
Sell lead July below
122 tgt 121.50, 121, 120.50 ..sl 124.50
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