Evening free commodity tips for today|| 8 July intraday gold silver level and commodity news updates

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

MCX india : Commodity market report || weekly commodity updates and gold silver trend || 9 July mcx intraday target

Bullion

This week MCX market shows a various phase, MCX bullion are volatile in this week which traded mostly in green side with a low movement. At MCX for future delivery gold price traded flat with a mild correction above 25550. At MCX In upcoming week gold prices for future delivery looks to fall on intraday trade below 26000. Meanwhile silver looks volatile below the range of 40000 for future trade. For intraday trader commodity market is very risky in upcoming week and advice to take a long position.

Gold support and resistance for Monday

S1: 25720, S2: 25650

R1: 26500, R2: 26659

Energies

In this energies are on top gear, a good correction are seen on Friday on crude oil for future delivery which kisses the  mark of 6300 and expected to move more in upside.  Time is very good to invest in crude oil for long term on commodity market which looks a sharp increment. Meanwhile natural gas and Mentha oil are trading with a mixed trend, natural gas are looking to trade in the range of 216 to 228. Movement is mentha oil are expected to rise on intraday trade, currently mentha oil is on weak side that trade near 950, but a sweet fragrance come to move upside but traded below 1050 in coming days.

Base metal

Base metal especially copper and nickel are trading below the level in this MCX and nickel in traded on negative side. On Domestic market MCX copper for future delivery expected to looks over in coming day due to demand rising in alloy industry. Nickel, zinc, lead and aluminum are also look positive on closing day of week.

Zinc support and resistance

S1: 118.50, S2: 118

R1: 115.50,R2: 116.20

Nickel

S1: 808, S2: 805

R1: 826, R2: 835

Lead

S1: 123.30, S2: 122.75

R1: 127.65, R2: 128

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