Today MCX crude oil is on good position after opening above 6200 at 6210; today on day trading it touches a high of 6307 and expected a more increment on crude oil for future delivery at MCX. If we talk over all energies is on fire natural gas for future trade a touch a one month high of 228.90 today at MCX. Whereas mentha oil for future trade touch an intraday high of 952.60 at MCX and on evening trade expected to support a bull with a green flag.
After morning low start commodity market is all set to fire on domestic market. MCX bullion is on good positive level, on Wednesday morning MCX gold for August delivery touch a low of 25976 with an intraday high of 26251. Similar on morning MCX silver prices were open at low side by decrement of -102 but good recovery had seen on day trade by silver for future active delivery and touch an intraday high of 40390. But if we talk about whole day bullion support a volatile trend today and on evening session expected to be volatile in positive side with small depreciation at Multi commodity exchange.
Base metal also recovering on MCX after two day low side, metal not supported a high side but a positive trend is expected on evening trade with a gain in opening position. MCX copper, nickel, lead all are trying to recover despite low demand in overseas market. At LME (London metal exchange) metal morning trade metal are watched on red side with a small gain meanwhile domestic metal show n some recovery due to correction in Rupees against US currency.SELL SILVER SEPTEMBER BELOW 40150 TGT 40050, 39950, 39800 STOPLOSS 40550
BUY COPPER AUGUST ABOVE 410 TGT 411, 413, 415 STOPLOSS 405
BUY NICKEL JULY ABOVE 815 TGT 817, 820, 825 STOPLOSS 805
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