After morning high bullish trend sliver price slip in domestic market, silver future rose by +250 point and touches a high of 40740 at MCX for September delivery. MCX silver is on high volatile trend on intraday trade. In the international market silver prices climbs up 0.60 percent to $19.52 an ounce in Singapore. Today silver prices are volatile on intraday trading and movement is bearish on afternoon trade.
MCX metals are turn to negative after morning low positive trade, nickel prices are trading in bearish side today. On Friday morning MCX nickel open at 834.60 and touch a high of 835.80. Lead price fell to continue its positive movement after a morning intraday high of 122.40. Copper prices also drop on intraday trading at Multi commodity exchange and hit a low of 413.20 more decrement is expected in today trade with a low volatile movement.
Buy gold August above 26750 tgt 26800, 26850, 26900 stoposs 26600
Sell silver September below 40450 tgt 40305, 40200, 40100 stoploss 40750
Sell crude oil august below 6450 tgt 6430, 6420, 6400 stoploss 6500
buy mentha oil above 910 tgt 913, 917, 925 stoploss 897