Some positive smells are come from MCX gold in upcoming
week, but these weeks in Asian market are trade with a sloppy movement. On
Multi commodity exchange falls in gold prices after opening at 29525. On domestic
market buying of physical gold are expected to up on auspicious day. Indian traders
are ready to buy gold in wedding festival that was going to start from next
week. On MCX gold prices for 5 June delivery touches an intraday high of 29567
with a low of 29483.
While silver prices are moving steadily with positive side
and a high movement are expected from silver in evening trading session. Today on MCX silver prices are open at 51201 with
an intraday high of 51390 and low of 51176.
A high change had done in Asian market Crude oil prices
after a World third economy monetary policy reviewed. New York light crude for May delivery made a correction
of 29 cent on USD 93.65/ barrel. Whereas another party North Korea Brent crude
roses by 51 cent to USD 105.17 on early trade today.
MCX TRAAING CALLS:-
SELL GOLD JUN BELOW
29490 TARGETS 29467, 29442, 29414 STOPLOSS 29533
BUY SILVER MAY ABOVE 51250 TGT 51300, 51350, 51500 STOP LOSS
51000
BUY CRUDE OIL APRIL ABOVE 5115 TGT 5120, 5130, 5150 STOP LOSS
5080
BUY NATURAL GAS APRIL ABOVE 223.50 TGT 224, 224.50, 225.50
STOP LOSS 221.50
BUY NICKLE ABOVE 885
TGT 856, 888, 890 STOP LOSS 880
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