Domestic commodity market is struggling with a bearish movement; at Multi commodity exchange market is full of red. Global market also fails to control the bearish movement of commodities. On Wednesday morning MCX gold for June delivery fail to open in positive side in this week. Today it opens at 26700 and touched an intraday low of 26406. Euro touch 6 week low against US dollar affected the Asian Market. In US market gold for June delivery fell by more than 1% to $ 1408.20 an ounce. Meanwhile MCX silver fighting with a low demand and Euro data, today at Multi commodity exchange it open at 44400 and fell to hold the positive flag after moving on upside. On intraday traded it touch a high of 44439 with a low of 43573. At multi commodity exchange no positive response had come and expected more bearish trend in evening session.
SELL SILVER JULY BELOW 43750 TGT 43700, 43600, 43500……STOPLOSS 44000SELL GOLD JUNE BELOW 26470 TGT 26440, 26400, 26350……..STOPLOSS 26590
Global crude oil fail to control the trend and its impact had seen in domestic market. MCX crude continues to fell in domestic market and touched two week low. Today crude for May delivery open at 5186 and touched a low of 5117. In domestic market crude oil is trade in the range this year between 5050 to 5280 form January and no positive movement is expected today in MCX.
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MORE ACCURATE COMMODITY CALLS
SELL CRUDE OIL MAY BELOW 5130 TGT 5120, 5110, 5100……..STOPLOSS 5160
Natural gas is trying is recover on MCX, on domestic market natural gas success to generate the demand. At MCX natural gas for May delivery open in green side at 219.80 and touched an intraday high of 221.80 and low of 219.30. More correction is expected in natural gas in upcoming week due to uncertain rising in demand.
BUY NATURAL GAS MAY ABOVE 221.50 TGT 222, 223, 224.50 ..STOPLOSS 218.50
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