Wednesday, 2 July 2014

Rupee strong 40 paise ,gold silver sharp decline , strong US Data affect mcx market


Mcx commodity trend look down side at evening moment, mcx gold decline below 27650, open at morning time 27799 and made high 27800, silver(september ) traded at 44742 decline from 45000 level last night. 

at 5.45 strong us Data will come ,which affect mcx commodity, up side or down side so keep any position after data, at evening time Fedral Chair person Speech that is also affected bullion metal. 
Rupee strong recovery at 59.62 while open at 60.06 , comax gold look stable at $1326 and high at $1327.7

Mcx base metal looked under pressure, copper fail 2 point at 225.3, aluminium fail at 112.3 low side at 111.45,
mcx nickel open at 1144 and made low at 1132.4, and high 1145 look down trend.

Commodity live calls today:

sell gold above 27700 target 27600/27500 stoploss 27780
sell silver above 44750 target 44650/44500/44300 stoploss 44900
sell copper above 426 target 423/420/417 stoploss 429

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