Today after morning high trend MCX market trade with a consolidate position. On intraday trading a good buying had seen on morning trade, currently MCX commodity is on consolidate level. MCX most traded gold and silver help a trader to earn a good profit on intraday trade. Today MCX gold for future trade open at 26185 and touch an intraday high of 26858. Similarly white metal for future delivery touches an intraday high of 41948 after open at 40300. But if we talk about overall trend some decrement is experienced on intraday trade for future delivery.
Today energies are volatile on MCX trade; crude oil and mentha oil are bearish on intraday trading with a mixed trend. Mentha oil for July delivery opens at 935 and on intraday trade it touches a high of 951.50 and low of 931.10. On evening trade mentha oil is expected to bearish with low positive correction from current position above 943. However, crude oil is also bearish on day trading at commodity market and on evening trade looking to trade in negative side. Natural gas prices this week are more fluctuate for future trading continuously an Up and down are seen on intraday trade. For today evening trade MCX natural gas prices are expected to trade with negative flag mostly but a small correction also might be expected.
MCX base metal also gains a good level in today trade after opening in green side. Today MCX copper open at 412.55 and touched an intraday high of 423.70 and on evening trade move with a same trend with a small drop in its position. Investors are advice to take a long position for future trade good movements were watching in coming days.
SELL SILVER SEPTEMBER BELOW 41400 TGT 41300, 41100, 39900 STOPLOSS 41950
SELL CRUDE OIL JULY BELOW 6380 TGT 6360, 6340, 6310 STOPLOSS 6450
SELL COPPER AUGUST BELOW 420 TGT 418, 415, 413 STOPLOSS 428
SELL GOLD AUGUST 26650 TGT 26550, 26475, 26400 STOPLOSS 26900