On Monday fresh morning market are looking red hot, bullion are on green side but bas metal and other top commodity are watched on red side. Today gold and silver are open on green side, gold prices start the week from 26439 against its last close 26406. In global, market gold price are trading high at $1391 .01 an ounce and expected to move on with a low a movement. In domestic market gold prices are expected to trade with Support 26100, 25800 and Resistance of 26710, 26850.In domestic market bullion likely to trade low, on Monday morning silver opens bit low at 43468 against it previous close 43473. Silver in today trade look dull and showing a sluggish movement on early trade. Today gold and silver both are much volatile mostly in red side at Multi commodity exchange.
Support level for silver 42925, 42700
Resistance level 44000, 44300While base metal and crude price at domestic commodity exchange are on deep red side, on early Monday morning crude open at down side and continue its worst movement in first day of week, while similar trend has seen in base metal too copper, nickel, zinc, aluminum and lead all on open at red side and trading with the same color. For today trade crude oil and metal are look towards red side and experienced a negative trend for whole day.
In energy natural gas are on weak side but some correction with good movement are looking in natural gas. Today it opens at 235 with its previous close 236.40. Mentha oil for May delivery open at quite low against it last close , today it open at 932.10 its last close is 943.70. In mentha oil a high mixed reaction are going to seen in this week.
GET SPECIAL MONTH END FREE TRIAL BY FILL FREE TRIAL FORM
Sell gold June below 26400 tgt 26350,26300, 26200…………..sl 26600
Sell silver July below 43450 tgt 43400, 43300, 43100……………sl 43800
Sell nickel below 819 tgt 817, 815, 810……………sl 826
Buy mentha oil above 935 tgt 938, 942, 945…………….sl 925
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