9 July MCX tips: today commodity updates gold trading level and intraday lead, copper, nickel tips

Today Indian commodity market open with a mixed trend and expected a volatile trend for whole day. MCX base metals are trading in negative side and advised to take short position for intraday trade. MCX copper, nickel, lead all are breaches form opening position and movement is look very dull and negative on domestic market.  However recovery may be seen on intraday trading at Multi commodity exchange.

MCX gold and silver prices are bullish on intraday trading, a good positive show are seen forming after a mild correction had seen on early in Indian currency.  Another reason that support bullion prices upside is that china inflation move up year to year this year it raised by 2.7% against last year. China inflation helps gold prices to trade above $1250 and last watched at $1253.10 up by 0.68%.  Similar trend is watched on white metal at MCX that rise by +250 point at 40638 and expected more increment on day trading.

Support and resistance

S1: 26000, S2: 25900

R1: 26489, R2: 26570

Crude oil continue felling on second day also which open at 6244 against its last close of 6250.  Global Brent crude is trading in red side at 107.31 by dropped -0.12 point. MCX crude oil is following a bearish trend and expected to trade in range between 6150 - 6320.  In energies after week positive start natural gas is fail to continue its positive track at MCX.  Today on intraday trade MCX natural gas is looks bearish for whole day in deep side below 226.

SELL COPPER AUGUST BELOW 414 TGT 413, 411, 408   STOPLOSS 420

SELL NICKEL JULY BELOW 810 TGT 809, 807, 804 STOPLOSS 817.50

SELL LEAD JULY BELOW 124.50 TGT 124, 123.50, 123 STOPLOSS 126

SELL CRUDE OIL  July BELOW  6200 tgt 6190, 6170, 6150 stoploss 6260

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Evening free commodity tips for today|| 8 July intraday gold silver level and commodity news updates

After morning week start commodity bullion rebound at MCX. On Monday morning most traded gold and silver open in downside, yellow metal for future delivery open at 25988 on intraday trading with a low of 25887.  MCX gold prices are floating on domestic market near 26000 and expected some correction on evening trade. Meanwhile silver for future delivery touch an intraday low of 39960 after opening at 40249 while touch a high of 40394.  A high correction is experienced in silver for September delivery.

BUY GOLD AUGUST ABOVE 26050 TGT 26100, 26150, 26250   STOPLOSS 25800

BUY SILVER SEPTEMBER ABOVE 40400 TGT 40500, 40600, 40700+++ STOPLOSS   39850

MCX crude oil for future delivery bearish on intraday trading after opening with a good level at 6389 , at MCX its continue falling from its opening position and touched a low of 6272.  Crude oil is bearish on morning and noon session but on evening some correction is being expected above 6325.

Base metal is volatile on day trading, almost all metal are open in downside at Multi commodity exchange. On morning MCX nickel for future delivery traded in bearish side and touched a low of 812.80, today it open at 818.20. If we talk about lead prices regular depreciates on MCX, today on intraday trade lead prices touched a day low of 124.35 after opening at 125.05. More depreciation is expected on lead on evening trade at MCX.

MCX copper is volatile with small gains on intraday trading, today it open at 418.60 and touched a low of 415.80 with a high of 419.50.

BUY NATURAL GAS JULY ABOVE 223 TGT 224, 225, 226 STOPLOSS 220

SELL COPPER BELOW 417.50 TGT 416, 415, 413     STOPLOSS 422

SELL NICKEL BELOW 820 TGT 818, 815, 812    STOPLOSS   828