Bullion
Gold price in global market hit a record low and comes below $1200 on Friday since August 2010. On spot market gold hit a low of $ 1180.71 an ounce. If we talk about domestic MCX market gold prices are trading flat bearish from its opening position 25247 for future active contract on intraday trading it touch a low of 24970, more depreciation are looking in evening session. Dropping in dollar against Indian currency fells gold price in domestic market. Moving towards white metal it trading against yellow metal with positive flag, on intraday trading at MCX silver prices are looking in good level but a fluctuation in silver prices are looking in evening trading session for future trading.
Energies
Crude oil and mentha oil are trading just in opposite direction, mentha oil are in positive direction after opening at 982.70 but on other hand crude oil are looking in red side. Today at MCX crude oil open at 5840 and touched an intraday low of 5805. More depreciation is expected in crude oil with some correction in remaining session.
Base metal
MCX nickel, copper all are in bearish node for future delivery, today copper touch a low of 400.45 on intraday traded after opening in negative side at 402.65. Nickel fall more than 10 point on intraday trade and touch a low of 818.50.
Lead touches a low of 121.50 and expected to trade more in deep red side.
Today MCX tips
Buy silver July above 38950 tgt 39000, 39100, 39250…..sl 38600
Sell gold August below 24990 tgt 24960, 24900, 24850… sl 25190
Sell crude oil July below 5805 tgt 5800, 5790, 5780…sl 5830
Buy mentha oil June above 995 tgt 998, 1002, 1005… sl 975
Sell lead July below 122 tgt 121.50, 121, 120.50 ..sl 124.50
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