17/05/13 MCX: silver| gold metal trend & tips | free commodity calls for today

Base Metal

On domestic market base metal are trying to recover against weak international cues. Today MCX copper for June delivery open at 401.40 and show a bullish trend with some negative flashes. On intraday trade MCX copper for June delivery touched a high of 406.30. Some more green color going to seen in evening trade at MCX.

Today MCX nickel for May delivery open in green side against its previous close, nickel open at 817.40. Nickel price move up by more than 050% today and some positive fragrance also seen in upcoming day in overseas market.  At, LME (London metal exchange), nickel traded at $ 14,900 per tones and also favors the domestic market trend. 

Lead, zinc and aluminum also follows positive trend and supporting a good level in overseas market.  Today leads for future delivery open at 109.40 and touched an intraday high of 110.45 and experienced higher trend with day passes.

Aluminum on intraday trade looks more positive in domestic market and expected to trade with a good range. For today trading aluminum are expecting to trade between 100.50 to 102.50 .

BUY LEAD MAY ABOVE 110 TARGETS 110.5, 111 , 111.5 STOPLOSS 109.1

BUY COPPER JUNE ABOVE 403 TGT 404, 405, 407   STOPLOSS 399

BUY NICKEL MAY ABOVE 819 TGT 821, 823, 825 STOPLOSS 813

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 Precious metal

Bullion looks bearish again on 5 day continue, gold prices following low level after opening at 26044 and follow a down trend with some volatility in early hour of trade. On intraday market gold for June touched a high of 26142 and low of 25926. While silver again fell to hold its ordinary show and drop down with a low of 42762 on intraday trade.

SELL GOLD BELOW JUNE 25970 TGT 25940, 25910, 24970    STOPLOSS 26970

SELL SILVER JULY BELOW 42850 TGT 42800, 42700, 42600   STOPLOSS 43100

  

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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