Today commodity market is opening comparatively positive with low movement. Today gold and silver open positive on MCX but movement is looking dull. On MCX gold is expected to go high for intraday trading. For today‘s trading resistance for gold is 30680 with a strong support of 30420.
Today silver is in down trend position it open at 57469 and immediately touch an intraday low of 57404. For silver support level is 57150 with a resistance level of 57680.
Sell silver below 57420 tgt 57380, 57320…57220………….57620
Crude showing down trend on MCX today it open slightly down for February contract at 5246.global crude position is not very good on US market. Resistance for crude is 5285 with a strong support level of 5180.
Sell crude oil below 5240 tgt 5230, 5210….sl 5270
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Intraday MCX calls
Buy cotton above 17000 tgt 17010, 17020, 17040………sl 16960
Buy mentha oil above 1393 tgt 1395,1397, 1400…..sl 1386
Buy Copper above 446 tgt , 446.50, 447, 447.50……..sl 444.50