mcx commodity gold silver open weak trend, gold at28070
and made high same as open and comax gold open at $1311.6 while
yesterday made high above $1318.
Rupee also open strong than dollar at 60.24 and traded
at 60.20, mcx silver fail 180 point below 45000 at 44955 , base metal
copper aluminium and nickel was up trend.
Crude oil trend:
crude oil taken recovery open at 6197 and made high
6273, nymax crude oil traded above 103.10.
buy on dips at 6245 target 6270/6290/6320 stoploss 6115
Mcx commodity calls:
sell gold above 27950 target 27900/27850/27800 stoploss
28050
sell silver above 44950 target 44800/44700 stoploss
45100
sell copper above 430.50 target 427.50 stoploss 432
GOLD (5 AUG.) TREND: CONSOLIDATE RES 1: 28300 RES 2: 28500 SUPP 1: 27800 SUPP 2: 27500 STRATEGY: SELL ON HIGH
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One of the Best Commodity Trading Tips include Gold trading range for the day is 27862-28330.
ReplyDeleteAs per the Commodity Silver Tips ,Crude oil gained as worries over escalating geopolitical tension balanced by expectations of large draws in U.S. oil stockpiles.
ReplyDeleteThe FIIs were net buyers of Rs 192cr in the cash segment on Monday while the DIIs were net sellers of Rs. 181cr, as per the provisional figures released by the NSE.
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ReplyDeleteMcx crude oil looking bearish, MCX crude oil is trading below Rs 6130 slipped 0.4%.
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