Today commodity market showing a mixed trend from morning, gold prices continuously rise on second day of week. At MCX for future trade it open at 27601 and touch an intraday high of 27668. After morning high swing trend gold fell to continue its show and touch a low of 27540. Meanwhile MCX silver for future trade open in downside at 42061 and touch a low of 41865 with a high of 42222. On evening MCX trade a mixed trend is expected with a gain in opening position. Silver prices might be fall more on intraday trade however, gold for future trade expected to be low with positive trend.
Base metal shows a positive low level on intraday trading, MCX copper for future delivery open with good level at domestic market at 421. At MCX copper look positive for today trading with a small depreciation around 419. Nickel prices also following a low positive trend with a soft correction in yesterday closing price, today it open at 838 and touch a high of 842 and low of 834.80. On evening trade nickel prices expected to trade with a mixed volatile trend at Multi commodity exchange. MCX lead, zinc and aluminum also trade in positive side on evening trade above its opening position with a mild correction.
MCX crude oil is trade in positive side, today at MCX it opens at 6380 and on evening session might be seen in green side above 6400. A good support is looking from Asian markets which help to rise up but lower domestic buying bound it in the range.BUY GOLD AUGUST ABOVE 27590 tgt 27640, 27700, 27800 STOPLOSS
BUY CRUDE OIL AUGUST ABOVE 6375 TGT 6390, 6410, 6430 STOPLOSS 6340
BUY NICKEL JULY ABOVE 838 TGT 840, 843, 847 STOPLOSS 831
BUY ALUMINIUM JULY ABOVE 108.30 TGT 108.60, 109, 109.50 STOPLOSS 107
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