Monday, 28 July 2014

copper calls for trading, mcx gold silver buy trend

base metal copper trend positive today open at 431.35 and made high 433.2, mcx nickel was down trend open at 1149.4 and made high 1154.3, down side 1140.1, aluminium lead and zinc look uptrend.

MCX silver trend:
silver on nymax traded below 20.598, open at 20.668 and low of day is 20.521.
mcx silver open at 44390 and made high 44534, low of day is 44290, silver and gold both looked under pressure as global market trend.
MCX Gold trend:
gold on comax open at $1307.43 and high at $1309.23 made low of day is $1300.8 mcx gold looked under pressure below 2800
open at 28000 and high of day is 28035 ,down side low is 27902 ,today short position in gols look profitable as trader view
mcx commodity calls:
sell gold above 27950 target 27900/27850/27800 stoploss 28050
sell silver above 44400 target 44300/44200/44100 stoploss 44590
sell nickel above 1150 target 1140/1130 stoploss 1158


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