Mcx commodity market continue with its down trend, all commodity seen in negative zone. Mcx gold and silver metal going to down side with heavy prices. Mcx silver down above 1 % or rs 471 at 42758.
Crude oil has also come under pressure . The U.S. Energy Department report came yesterday , which says that U.S. crude oil production increased in April and may . MCX crude oil slipped 0.75 per cent at Rs 6235 has come down . With marginal gains of 0.1 per cent , while natural gas is above Rs 275 .
The decline in base metals . Copper prices fell 0.5% and the price has come down to Rs 405 . Nickel has the largest decline , down 3.5%, which is close . Although the nickel price remains above Rs 1,000 . 1% of aluminum , lead and zinc 0.6% to 0.7% is looking weak . The dollar rally has put pressure on the MCX and has had an impact on domestic market .
BUY SILVER Above 42715.00 T1- 42986, T2- 43086, T3- 43186 stoploss 42501
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