After morning week start commodity bullion rebound at MCX. On Monday morning most traded gold and silver open in downside, yellow metal for future delivery open at 25988 on intraday trading with a low of 25887. MCX gold prices are floating on domestic market near 26000 and expected some correction on evening trade. Meanwhile silver for future delivery touch an intraday low of 39960 after opening at 40249 while touch a high of 40394. A high correction is experienced in silver for September delivery.
BUY GOLD AUGUST ABOVE 26050 TGT 26100, 26150, 26250 STOPLOSS 25800
BUY SILVER SEPTEMBER ABOVE 40400 TGT 40500, 40600, 40700+++ STOPLOSS 39850
MCX crude oil for future delivery bearish on intraday trading after opening with a good level at 6389 , at MCX its continue falling from its opening position and touched a low of 6272. Crude oil is bearish on morning and noon session but on evening some correction is being expected above 6325.
Base metal is volatile on day trading, almost all metal are open in downside at Multi commodity exchange. On morning MCX nickel for future delivery traded in bearish side and touched a low of 812.80, today it open at 818.20. If we talk about lead prices regular depreciates on MCX, today on intraday trade lead prices touched a day low of 124.35 after opening at 125.05. More depreciation is expected on lead on evening trade at MCX.
MCX copper is volatile with small gains on intraday trading, today it open at 418.60 and touched a low of 415.80 with a high of 419.50.
BUY NATURAL GAS JULY ABOVE 223 TGT 224, 225, 226 STOPLOSS 220
SELL COPPER BELOW 417.50 TGT 416, 415, 413 STOPLOSS 422
SELL NICKEL BELOW 820 TGT 818, 815, 812 STOPLOSS 828