Wednesday, 11 June 2014

mcx silver mic demand increase Aug contract, base metal down trend


mcx silver July month look positive evening session mcx silver traded above 40630, today made high 46750, and low of day is 40522,while open at 40550,
if silver break 40750 then 40900,41000 can touch,while down side keep stoploss 40450.

mcx gold trend look negative while comax prices above $1262 while open at $1259.74, mcx gold made high 26199, open at 26189, and low of day is 25956,
evening time gold can touch 26150,then 26200,26250 down side gold movment 29950.
mcx aluminium, lead, and zinc down with copper today, all base netal look in red zone.
Crude oil inventory today as US Energy department news stock increase so cride oil prices look under pressure below 6200 level.
Keep sell position above 6210 target 6186,6170,6150 stoploss 6240


2 comments:

  1. MCX Goldguinea July contract gains 1.2%

    MCX GOLDGUINEA July contract was trading at Rs 21941 up Rs 279, or 1.29 percent. The GOLDGUINEA rate touched an intraday high of Rs 22030 and an intraday low of Rs 21681. So far 450 contracts have been traded.

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