Base metal are look in good side for short time in this weak, on opening of weak positive trend are seen on early hour of Monday trade. Today on intraday trading MCX copper open at 415.50 with a good support of 411.50 at MCX for future delivery. Nickel price also rise on intraday fresh start, in previous week a low trend is seen in nickel below 840 but on opening day nickel move upside with a good gain. Lead prices also watched in green side but movement is not so high a soft correction is seen on morning trade.
Energies commodity trade in bearish side today, natural gas and mentha oil open in negative side. MCX natural gas open for future delivery open at 224.30 and touched a low of 221.60 on intraday trading. However, same trend are seen on Mentha oil for future delivery today it open bit high against its last close at 910.50, its previous close is 910.30. If we talk about whole day mentha oil seem to be volatile with a bearish side mostly.
MCX CALL
BUY COPPER AUGUST ABOVE 417 TGT 417.50, 418, 420 STOPLOSS 415
BUY NICKEL JULY ABOVE 845 TGT 848, 850, 853 STOPLOSS 840
BUY LEAD JULY ABOVE 121.20 TGT 121.50, 122, 123 STOPLOSS 120
BUY CRUDE OIL AUGUST ABOVE 6445 TGT 6460, 6470, 6490 STOPLOSS 6410
BUY SILVER SEPTEMBER ABOVE 41150 TGT 41220, 41300, 41500 STOPLOSS 40800
BUY GOLD AUGUST ABOVE 27100 TGT 27150, 27200, 27300 STOPLOSS 27050
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