Today commodity market fall are on bearish side, most commodity are traded on negative side. Bullion market is full on red no correction had seen in gold and silver since its opening position. On domestic market at Delhi silver prices are fall by more than 0.50%. On MCX silver for July delivery fall by more - 476 point and touched a low of 44617. Some correction might be seen it evening session.Support and Resistance
Support 44510, 44400
Resistance 45100, 45300
Similarly trend are following by yellow metal, morning session some positive movement had seen in gold price after opening at 26855 and touched an intraday high of 26918 with a low of 26737. Today gold is expected to trade in the range of 26700 to 27200.
Base metal show a choppy trend at Multi commodity exchange, today copper, nickel, lead, aluminum and zinc all are looks dull. No positive movement had seen in MCX copper for May delivery from its opening position, on Tuesday it open at 407.80 and touched an intraday low of 399.40. While nickel, lead and zinc are watched on green side for some time. Nickel traded in the boundary of 840 today with a high of 839.90.
Lead trade near of 110 to 107.
Zinc traded in the range of 100 to 101.50.
Behind big commodity in red side Mentha oil are on its high, today at Multi commodity exchange it open at 916.90 bit high against its last close, and touched an intraday high of 923.90.
Today commodity tips
Buy gold above 26800 tgt 26850, 26900, 26950…………stoploss 26650
Buy silver above 44600 tgt 44700, 44800, 45000………….stoploss 44200
Buy mentha oil above 919 tgt 922, 925, 928………stoploss 910
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