Today on MCX base metal are looking on dull side, similar trend are following by precious metal( gold and silver). In Gold volume is very low and that’s the reason behind gold negative sign, while on other side dollar price working slightly down against Indian currency.
On base metal copper looking positive for today trading session, it is expected to trade in a range of 440-448.
Buy copper above 445 tgt 446,447,448……..sl 440
Sell gold below 30750 tgt 30720, 307690, 30650…………………sl 30880
Today silver is looking bearish and showing a downward trend. Today it opens at 58432 and its previous close is 58418.
Sell silver below 58350 tgt 58300, 58250, 58200…..sl 58550
On MCX this year cotton is looking in a very good position. This year cotton continues its positive trend day by day.
Buy cotton above 16720 tgt 16730, 16750, 16770…..sl 16650
Yesterday mentha oil is closed at 1306, mentha oil on MCX continues upgrading its position and good volume is seen in Mentha oil. For intraday its movement is very volatile but in strong position.
Buy mentha oil above 1315 tgt 1318, 1321, 1325……sl 1303
sell crude oil below 5125 tgt 5120, 5110, 5100...........sl 5150