Today
MCX trading with a low volatile movement not such big change are seen in
commodity. All top trading commodities for future delivery are shows both color
with a dull trend at MCX. Today MCX silver prices for future delivery open at
40826 and touch an intraday high of 41093. On Tuesday morning opening hour some
movement are seen with a positive node but soon silver prices slip and touch a
low of 40674. On intraday trade movement in gold are very weak gold prices are trading
with a low movement. Currently gold is in good position on long term investment.
Gold
support and resistance
S1: 26315,
S2: 26250
R1:
26625, R2: 26720
MCX
crude oil are trading with a positive upper node, on intraday trade crude oil
for future delivery trading flat within the range of 6260 to 6320 on morning and noon session but
on evening trade some breaking level must be seen in volatile direction above
6300.
On energies
today natural gas rocks the floor, after
a long time such movement had seen on natural gas sue to demand raise in
physical buying in overseas market. On intraday trade for future delivery it touches
a high of 218.70 and expected more increment in today trade at MCX.
On base
metal at MCX a mixed trend are seen since morning , MCX nickel are near to
touch a month low due to low buying on physical
market because of seasonal off in domestic market. Currently nickel are trading below 800 and
expected to trade around 790- 825 in today remaining session. However copper
show some positive movement on morning trade for future delivery and touched a
high of 417 , on evening trade a mild correction are going to seen in copper,
lead and nickel.
MCX calls
BUY
LEAD JULY ABOVE 120.90 TARGETS 121.40/121.90/122.50 SL 120.15
Buy COPPER
AUGUST ABOVE 415 tgt 417,419, 420 STOPLOSS
410
SELL
MENTHA OIL JULY BELOW 917 TGT 915, 912, 909
STOPLOSS 925
GET
FUTURE COMMODITY TIPS HERE and GET INTRADAY GOLD SILVER TIPS HERE
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