Evening metal trend and tips| today rupees closed by gain 58 paise at Interbank foreign exchange

MCX metal show sharp negative edge on afternoon trade and expected more declined in remaining session. Mcx copper price for future delivery round up around 440 but a break out is looking and more bearish is seen on remaining session below 440. however nickel also weak at Mcx which fall 0.45% to 845 more negative track are watching on base metal in today trade.

Sell high all metal form current prices.

Today rupees close strongly at inter bank foreign exchange by 61.35 by correcting its position by +58 paise against weak dollar.

Sell copper nov below 442.50 tgt 442/ 440/ 438 sl 446

sell nickel oct below 845.50 tgt 844/ 841/ 835 sl 453

sell lead oct below 127 tgt 126.50/ 126/ 125 sl 128.50

Evening gold silver tips || Dollar break a 8 month low below 62 || base metal going to fall on evening session

Dollar touch a 8 month low today , rupees strong against dollar on Thursday trade by gain 0.72 paise to 61.76 at inter bank foreign exchange. Indian bullion market are positive in today trade, on Thursday early morning gold made a high of 30120 while silver made a high of 48729.

on evening trade some negative trend is looking in bullion prices , gold prices expected to fall in downside below 30000 while silver may be seen downside below 48000.

a sharp fallen is observed in copper prices on evening session, today copper are volatile on morning trade while on evening a bearish trend below 457. on all base metal a heavy declined is especially in nickel, zinc and copper.

However in energies commodity crude oil shown consolidate position near 6440 since morning at MCX. If rupees close more bearish below 62 then crude oil might be seen in downside below 6400.

SELL GOLD OCT BELOW 29880 TGT 29850 / 29800/ 29700 SL 30025

SELL SILVER DEC BELOW 48200 TGT 48100/ 47950/ 47800 SL 48600

SELL COPPER NOV BELOW 457 TGT 456/ 454.50/ 453 SL 460