Today commodity market shows a mixed movement on MCX market and expected to trade in similar fashion. On Friday morning yellow metal open on positive side at 27135 and attempt to recover it position on spot market. Gold for June delivery touches an intraday high of 27264 and low of 27003. In the morning session precious metal are traded on good side and supposing to go upside in evening trade. While the white metal open at 45399 with an intraday high of 45461 against its low of 44913. Bullion pendulum is playing with good side and experienced a same movement in MCX in upcoming days.
Today crude oil opens same position where it closes 5059. On MCX crude for May delivery trading bit positive, crude oil in overseas market performing quite low. Crude oil for May crosses the mark of 5000 in this week and expecting that in upcoming week with prices are again fell down and trading in the range of 4900- 5000.
All base metals are on red side at 2:38 pm, MCX copper for April delivery today open at 387.30 and looking bearish for today session. On spot market it touches a high of 387.65 whereas low of 384.20. Today nickel plays with swing movement and trading on both corners. On early trade it opens at 833.30 with high of 839.30 and low of 830. Movement in lead, zinc and aluminum are bearish today with a small positive turning around 7 pm. while nickel are expecting to fight back come towards to green side.
Mentha oil is full on green side form early trade and expecting more bull trend on future delivery. Mentha oil for April delivery opens at 957.50 and touches a high of 976.20.
today MCX commodity calls
Buy gold above 27070 tgt 27120 , 27170, 27270……….sl 26870
buy silver above 45100 tgt 45200, 45300, 45400....sl 44700
Buy crude oil above 5065 tgt 5075, 5090……………sl 5040
Buy mentha oil above 970 tgt 975, 980, 990…….sl 950
Buy nickel above 835 tgt 838, 842, 845…….sl 825
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