Commodities showing a shine color with full of brightness; bullion is on top side with green flag. Today is the day of bullion and looking quite positive on Multi commodity exchange. Yellow metal today open at 27020 and go intraday high of 27169 with a low of 26981. Similarly a huge correction is expected in upcoming week form silver for May delivery. Today on early morning white metal open at 45136 and touches intraday high of 45350. Today a good movement has experience in future contract, on MCX.
Due to correction in bullion some positive data might be seen from crude, today crude oil move with a good jump on MCX for future contracts. On intraday it touches a high of 5088 against its opening price 5028 for May delivery. N0 negative movement had seen while it’s opening position and more correction where seen on evening near 7pm.
MCX TIPS
BUY GOLD (JUNE) ABOVE 27230 TGT 27280, 27420, 27450… STOPLOSS 27110BUY SILVER (MAY) ABOVE 45450 TGT 45500, 45600, 45700…..STOPLOSS 45200
BUY CRUDE OIL (MAY) ABOVE 5080 TGT 5090, 5100, 5020,, STOPLOSS 5040
BUY NICKEL (MAY) ABOVE 813.50 TGT 815.50, 817.50, 820.50…….STOPLOSS 806.50
BUY COPPER (JUNE) ABOVE 386 TGT 388, 390, 392.. STOPLOSS 380
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