06/08/13 Today Crude , copper on higher node | MCX Mentha oil should recover on intraday trading| intraday MCX Metal tips

Due to strong Dollar position agianst Indian curreency crude oil traded in positive side with low trend in Domestic MCX. Today for future delivery it open at 6556 but as day passes a negative trend is hope in afternoon trade. If we talk about MCX Natural gas a sharp correction are seen on Tuesday morning form opening price , today natural gas for future delivery open at 204.20 and touch an intraday high of 406.10. more increment are looking in day trading with some volatile trend.

In base metal MCX copper and Nickel are performing well on intraday trade for future active delivery, today MCX copper open at 429 against its previous close of 428.20. similarly Mcx nickel gain some good point on intraday trade and touch a high of 857.30 after open at 850. Mcx lead and zinc also trading in positive side and a low volatile trend expected in today trade.

MCX Mentha oil and cotton are bearish on day trading , a huge fall had seen on opening hour in cotton prices and touch a intraday low of 20080. some correction is hope in cotton prices above 20150. however, Mentha oil for future delivery open in green side but low trend back to negative side. Today Mentha oil touch a low of 836.30 at 11:47 Am.

Today both are look volatile in day trading and some good correction in seen at MCX.

BUY MENTHA OIL AUG 840 TGT 843, 847, 852 STOPLOSS 832

BUY COTTON OCT ABOVE 20150 TGT 20200, 20250, 20300 STOPLOSS 20000

BUY CRUDE OIL AUG 6570 TGT 6580, 6600, 6620 STOPLOSS 6530

BUY NICKEl AUG ABOVE 857.50 TGT 858, 860, 862 STOPLOSS 853

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Evening Live MCX metal tips and copper-nickel-crude trend for 22/05/13

MCX metals are on upper side, base metal and precious both are looking to move on in green in evening session. After opening with a good level MCX copper for June delivery continue its strong trend and touched an intraday high of 417.05. Nickel for May delivery at MCX also following the copper and other metal and expected to trade with a green flag. Similar trend are also being continue by lead, zinc and aluminum in remaining session of today trade.

Today crude oil for future delivery is fall down by more than -30 point on MCX; all the eyes are on US energy inventory report, light sweet crude for July delivery dropped by 48 cent to $95.70 a barrel. For today trading crude oil in domestic market are looking to trade in bearish side.

Mcx mentha oil are much volatile in this week, as I say in my early post, continue its all color in domestic market. On early morning it touched an intraday high of 1040.80 while after touching this position its continue to fall and touch a low of 962.30.

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METAL TIPS

Buy zinc May above 102 tgt 102.30, 102.60, 103……………sl 101

Buy copper June above 415.50 tgt 416, 417, 418……….sl 413

Buy nickel May above 839.50 tgt, 842, 844…846…..sl 832