Tuesday, 17 June 2014

gold silver fail on comax and mcx market, crude oil trend


comax gold traded below $1265 while open at $1271.29, and made high $1273.3, mcx gold open above 26775 made high 26795 and low of day is 26592, last two day uptrend break today pressure by FOMC meeting and strong backup by rupee.
Mcx silver traded below 42000 at 41947 and open above 42097, made high at 42126, Nymex silver traded below $19.59,

Evening session mcx calls:

sell silver 41950 target 41800,41700,41600 stoploss 42100
mcx crude oil trend: crude oil prices look stable at 6400 made low of day at 6369 and high of day is 6443 ,open at 6334.

what should do.

 

Due to cause of strong rupee and crude oil prices look stable ,if break 6240 evening time then 6465,6489,6510 touch and down side 6360 then 6350,6320,6290 can touch.

Base metal trend today:

base metal copper was down evening time, while nickel look uptrend, aluminium, lead, and zinc look positive.

Evening mcx calls:

sell copper above 406 target 404,403,402 stoploss 408.5
sell gold above 2650 target 26600,26540,26450 stoloss 26790
buy nickel above 1140 target 1145,1150,1155 stoploss 1130

8 comments:

  1. Intraday Mcx_Trends For Today
    GOLD (5 AUG.) TREND: CONSOLIDATE
    RES 1: 27000
    RES 2: 27150
    SUPP 1: 26700
    SUPP 2: 26550
    STRATEGY: BUY ON DIPS
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