16-05-13 Commodity face- MCX copper|nickel trend and Live free commodity tips for today

Commodity market continue its worst show on Thursday also, market open with a mixed dull reaction. Bullion market again fell to open in green side; this is a very disappointing situation in front of bullion trader. Global market also in trade in downside, all metal are on red side on looking very dull to recover its position. At Singapore gold almost dropped to 1 month low at $ 1374.99 an ounce, gold is very near to fall against its 3 year low.

Similar situation also seen in US that drops by more than 1.50% at $ 1377.20. In Indian market at Multi commodity exchange on Thursday gold prices are open at 26222 against its previous close is Rs 26310. On intraday trade for June delivery it touched a low level of 25898 and more depreciation are expecting in evening trade. Today Silver for July delivery falls by more than -900 point on intraday trade at MCX. It opens at 43184 and it show some positive movement in the first hour on trade and then falling after touching an intraday high of 43259 with a low  of  42281.

Sell gold June below 25970 tgt 25930, 25890, 25850……sl 26100

Sell silver July below 42450 tgt 42400, 42350, 42200……..42700

   

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Intraday call

Sell crude oil May below 5130 tgt 5120, 5110, 5100……sl 5160

Sell copper June below 395 tgt 393, 390…………sl  400

Buy nickel May  above 815 tgt 817 , 819, 822…………sl 808

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Active evening commodity calls and live MCX tips for today

Base metal

Today base metal are open on green side, all top metal are showing good movement with a green flag. MCX copper for April delivery on early morning open at 408.25 and experienced to trade with a good support level, on MCX copper touches an intraday high 409.60 with a low of 407.20.  MCX nickel also supports this movement with a green flag. Nickel for April delivery trading on good side on Monday morning it open at 881.60 with an intraday high of 888 and low of 878.20. Due to global issue between US and North Korea some positive change has done in base metal on Asian market. Aluminum, nickel and zinc are trading low but on green side, some positive change is expected near 6 pm on metals.

Buy copper above 408 tgt 408.50, 409.50, 411………..sl 405

Buy nickel  above  887 tgt 888, 890, 892………sl 882

Crude oil

Global crude market is varying due to US job data, on US crude up by 60 cents at $93.30. whereas on MCX India crude oil for April delivery open at +3 high to its last close and open at 5110. Crude oil for April delivery is experienced low movement with high open interest but due to low demand on overseas market it falls from its position. On intraday market it touches a low of 5088.

Mentha oil and cotton

Both are traded on red side at 3:00 pm, today cotton is showing a high movement on both sides. On early trade it touch a high 18990 but suddenly a direction had changed due to negative open interest. Cotton demands are increase day by day and very high movement had seen I cotton this year.  Today MCX cotton for April open at 18860 with a low of 18670, some positive report are comes from cotton and expected to trade on  green side at evening session.

Mentha oil supports a low movement on intraday trade. On Monday, morning it open at 1040 and going up and touches a high of 1047 whereas on downside it touches a low of 1025. Mentha oil is troubling and experienced a bearish trend on MCX for today.

Today MCX calls

Buy silver above 51350 tgt 51450, 51500, 51600……..51100

Sell gold below 29610 tgt 29580, 29550, 29510……….sl 29710

Buy cotton above 18800 tgt 18820, 18850, 18880…………….sl 18720