Today commodity market are trading in the range bounded , gold prices expected to break the level of 31600 on evening session , if today gold prices break this level then in upcoming week we see gold in bullish note at MCX. Today gold for future delivery on morning trade touch an intraday high of 31489 with a low of 31236 per 10 gram. MCX silver for future delivery touch an intraday high of 51786 per kg,today silver prices raise by more than 0.60% and hope to gain more on evening trading.
Today crude oil price trading in the range bounded between 6800-6710 per barrel, but due to recovery in Indian currency crude oil looking in bearish side below 6750 in evening trade.
On base metal a good correction is seen on morning trade in copper and nickel , today MCX copper up by more than 1% and touch an intraday high of 476.15 , nickel up by 0.89% to 932.80 at Mulit commodity exchange. Lead , zinc and aluminum also made a bit correction on yesterday closing and expected to trade low on evening session.
After morning positive trade natural gas for future trade turn to red side , on afternoon trade natural gas fall by 0.53% or -1.20 on intraday trading and touch a low of 225.60.
BUY GOLD OCT ABOVE 31250 TGT 31300, 31350, 31450 STOPLOSS 31050
BUY SILVER SEP ABOVE 51520 TGT 51600, 51700, 51850 STOPLOSS 51300
BUY CRUDE OIL SEP ABOVE 6770 TGT 6780, 6800, 6820 STOPLOSS 6720
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