Mcx bullion market going to down side in the evening session, both gold and silver is bearish for medium long term. Cautious point is buying at higer levels seems decreasingnow gold is trading in overbought level. While silver is in strong downtrend , currently trading down 0.52% or rs 230 at 44340. silver is coming down from the selling level.
All the metals in the base metals are trading in green. Most have seen at 1.73% lead and its June futures is trading at Rs 129.40. nickel is up 1.29% and aluminium and copper is trading with a gain of 0.8% .
If we talk about the mentha oil is bearish, mentha oil open at 768 from its previous close of 769. And on monday mentha oil trading down -0.16% to 767.80. Menthaoil is moving sideways so short term investor better to buy if close above 788.0 closing below 759.8 Sell will happen.
MENTHA oil Resistance and support-
Intraday Resistance of MENTHAOIL are 776.4 : 782.6 : 788.8 : 797
Intraday Support of MENTHAOIL are 761.6 : 755.4 : 749.5 : 741.5
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