Tuesday, 29 July 2014

Gold silver flat on mcx|| base metal nickel weak trend


Gold silver flat on mcx last trading session, mcx gold traded above 27926 near at 27900 , comax gold was traded upside at $1307.21, international market gold trend look weak.

Mcx Silver Trend:
silver slip down more than 210 point at last night. Close at 44172, comax silver traded below $60.572
silver should be down fall bel;ow 44000 level so keep short position for this week.

Base Metal Trend:
 base metal aluminium, copper, zinc, and lead look uptrend, mcx Nickel was traded down side at 1126.40 with loss of 22 point.
Crude oil tips:
crude oil close below 61340 with loss of 11 point, future prices look more down trend cause of global trend.
Commodity calls tomorrow:
sell gold above 27950 target 27800/27700 stoploss 28050
sell silver above 44250 target 44000/43800 stoploss 44500
sell crude oil 6140 target 6120/6100 stoploss 6160

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