Monday, June 3, 2013

Monday gold silver trend |support and Resistance| free intraday commodity tips| live lead,zinc, nickel and copper tips for 03/06/13

Today commodity market open in a green side bullion gain a good opening lead on commodity MCX market.  At Multi commodity exchange gold prices are open at 26895 against its previous close 26811. On intraday trade gold are looking to show a mixed reaction with a strong support level.
S1: 26500, S2: 26325
R1: 27200, R2: 27525
White metal silver is more positive in domestic market for future delivery, silver for July delivery open at 43636 against its last close 43504. In morning session MCX silver for July delivery trading with a high note on early session and expected to follow similar trend with a mixed reaction in afternoon trading at Multi commodity exchange.
S1:  43000, S2: 42800
R1: 44250, R2: 44400
In energy crude, natural gas is trading in negative side, MCX natural gas for June contract open at 226.50 against its last close 227.10.  While crude in domestic market are continue diminish in its position on Monday morning at Multi commodity exchange for future delivery it open at 5227 at same position it close last. Today both natural gas and crude expected to trade in bearish side with small correction in evening trade.


Meanwhile mentha oil are more positive at MCX for future delivery, today it open at 928 gain a lead of +6.40 on intraday trade against its last close. On intraday trade for June delivery mentha oil are showing a bullish trend for whole day and expected to trade in the range of 960 to 915.

Base metals are open with a good level with a green flag, MCX copper for June trading taking a strong support from china and expected to move up on intraday trade with a bullish trend. Similar trend are following by other metal. Nickel, lead, zinc all are on green side with a small correction in yesterday closing price.


Buy silver above 43750 tgt 43800, 43900, 44100………… 43300

Buy copper above 415.50 tgt 416, 417, 419………sl 411

Buy nickel above 842.50 tgt 843, 845, 850………… 832

Buy lead above 125 tgt 125.50, 126, 127……………… 123

Buy zinc above 108.50 tgt 109, 109.50, 110……………….sl 106.50

Buy mentha oil above 938 tgt 940, 945, 950…………… 926

Buy gold above 26850 tgt 26900, 26950, 27000………………sl 26600


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