Monday, 12 May 2014

mcx bullion tips, base metal tips

evening time mcx bullion metal look positive trend, mcx gold traded above 28670 and made high at 28711, while open at 28474 ,so increase more than 200 point, comax gold traded at $1299.53, and open at $1289.13.

mcx silver trend: silver look aggressive evening time and made high 42385 while open at 41393, nymex silver made high at $19.657 and low of day is $18.999.
base metal copper and nickel :
metal prices look more aggressive today, nickel made high at 1256 and down side 1215 while open at 1215, mcx copper made high 420.1 and low of day is 411.9 today open at 411.9.
mcx crude oil look volatile morning session look under pressure, but weakness in rupee keep support and made high 6020, now traded at 5985.
evening commodity calls:
buy gold above 28650 target 28750,28850,28900 stoploss 28500
buy cooper above 418 target 423,427 stoploss 414
buy nickel above 1245 target 1255,1265 stoploss 1238
buy crude oil 5980 target 6000, 6020,6040 stoploss 5950


  1. GLOBAL EVENTS TO WATCH: Industrial Production y/y, German ZEW Economic Sentiment, Annual Budget Release, NFIB Small Business Index, Core Retail Sales m/m, Retail Sales m/m, Import Prices m/m, Business Inventories m/m.

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