Monday, January 20, 2014

MCX commodity market trend bullish|Base metal trading tips for monday

After week off commodity market open negative side, Gold and silver trading positive side since morning.Yellow metal trading up 107 points or 0.37% at 29288.00.base metal showing down trend since morning In crudeoil heavy declination seen since morning. small bit of change seen
lead trading positive at 0.20 to 135.40.We expect afternoon market will goes to high in favour of bearish trend.
Gold silver trade positive zone but the movement not satisfying to traders.Gold for future delivery expected to trend with range of 29500-30000.
On monday market is not looking in mood trading high due to closing market.
Buy crudeoil above 5850 target 5900/5950 stoploss 5800
Buy zinc above 127 target 130.50/132.50 stoploss 125

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