Monday, August 12, 2013

12 august MCX updates : Evening trading level for gold and silver || copper , crude oil trend and intraday tips

Today in Indian Commodity market a sharp increment is seen on morning session. MCX gold and silver were made a good correction on intraday trading, gold prices for future delivery up by more than 1.40% and touch an intraday high of 28404. as i talk in my previous post that gold silver prices going to boom in upcoming week , today both the metal rose up by more than +2000 point on intraday trading at MCX. White metal silver touch an intraday high of 44189 after open at 42820 , more increment are looking in day trading at MCX.
On evening trade bullion seems in positive volatile direction at Multi commodity exchange.
Intraday calls
BUY GOLD OCT ABOVE 28340 TGT 28400, 28450, 28520 STOPLOSS 28150
BUY SILVER SEP ABOVE 43800 TGT 43900, 44000, 44150 STOPLOSS 43500
MCX base metal made a soft correction in early morning trade , today Mcx copper for august delivery touch an intraday high of 446.70 at MCX. Copper prices expected to rose more on evening trade similarly nickel prices also support the trend and show a good trade on Monday . today a good trading is seen in lead, zinc and aluminum , lead for future delivery up by more than 1% on intraday trading while zinc price up by 1.21% and aluminium up by 1.12 %.
Today Mentha oil show a big fall on day trading , at MCX mentha oil prices declined by -2.14 percent. Today at MCX mentha oil prices open at 825 against its previous close of 842.90.

intraday calls
BUY COPPER AUG ABOVE 444.30 TGT 444.80, 445.50, 447 STOPLOSS 440
BUY CRUDE OIL AUG 6460 TGT 6470, 6490, 6510 STOPLOSS 6420
BUY NICKEL AUG ABOVE 906 TGT 907, 909, 912   STOPLOSS 901


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