Mcx commodity bullion market trading down on tuesday, Over all trend in gold is in bear from 2 days gold trading below 27000 level. Currently gold want to trend in sideway trend. The mcx index is showing buy signal but has moved past its recent high and positive trend is still continuing.
If we talk about natural gas is in bearish trend, from the few days some positive stockpilling are seen in natural gas.Natural gas buy above only at 288.7 and with stop at 268.2.
Overall trend of the Jeera is bearish for medium-long term .Currently Jeera is in strong downtrend. Support for the Jeera is 10583-10532-.Resistance for the Jeera is 10893-10912.
MCX INTRADY CALLS 17 JUNE 2014
Mcx crude oil buy above 6370 target 6410/6430/6450 stoploss 6300
Mcx gold buy above 26330 target 26692/26742/26792 stoploss 26500
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