Monday gold silver trend |support and Resistance| free intraday commodity tips| live lead,zinc, nickel and copper tips for 03/06/13

Today commodity market open in a green side bullion gain a good opening lead on commodity MCX market.  At Multi commodity exchange gold prices are open at 26895 against its previous close 26811. On intraday trade gold are looking to show a mixed reaction with a strong support level.

S1: 26500, S2: 26325

R1: 27200, R2: 27525

White metal silver is more positive in domestic market for future delivery, silver for July delivery open at 43636 against its last close 43504. In morning session MCX silver for July delivery trading with a high note on early session and expected to follow similar trend with a mixed reaction in afternoon trading at Multi commodity exchange.

S1:  43000, S2: 42800

R1: 44250, R2: 44400

In energy crude, natural gas is trading in negative side, MCX natural gas for June contract open at 226.50 against its last close 227.10.  While crude in domestic market are continue diminish in its position on Monday morning at Multi commodity exchange for future delivery it open at 5227 at same position it close last. Today both natural gas and crude expected to trade in bearish side with small correction in evening trade.

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Meanwhile mentha oil are more positive at MCX for future delivery, today it open at 928 gain a lead of +6.40 on intraday trade against its last close. On intraday trade for June delivery mentha oil are showing a bullish trend for whole day and expected to trade in the range of 960 to 915.

Base metals are open with a good level with a green flag, MCX copper for June trading taking a strong support from china and expected to move up on intraday trade with a bullish trend. Similar trend are following by other metal. Nickel, lead, zinc all are on green side with a small correction in yesterday closing price.

INTRADAY COMMODITY TIPS

Buy silver above 43750 tgt 43800, 43900, 44100…………..sl 43300

Buy copper above 415.50 tgt 416, 417, 419………sl 411

Buy nickel above 842.50 tgt 843, 845, 850…………..sl 832

Buy lead above 125 tgt 125.50, 126, 127………………..sl 123

Buy zinc above 108.50 tgt 109, 109.50, 110……………….sl 106.50

Buy mentha oil above 938 tgt 940, 945, 950……………..sl 926

Buy gold above 26850 tgt 26900, 26950, 27000………………sl 26600

Rupees fall to 1 year low |what affect on commodity market and share market due to low growth rates| evening commodity gold silver nickel tips

Today India announced a growth figure for full year that fall to decade low of 5% that affect the Indian share and force it to trade in bearish side. Indian economy fight with high inflation and weak export demand that turn the GPD rate a lower side. While on other hand Indian currency touch a year low after a fourth consecutive day on Friday. Rupees slipped to 15 paise to 56.63 per dollar on the last day of month.   Some correction might be seen in Indian currency in evening session at FOREX.

GOLD & SILVER

In commodity market the affect on GPD and weak currency are seen in afternoon, after opening from a good level gold and silver fall from a sharp position. Today at MCX gold price open on green side at 27176 against its last close and touch an intraday high of 27308 with a low of 27175. In evening a high swing is experience with increment in domestic market. Currently silver are trading low due to depreciation in Indian rupees, today at morning session it perform well after opening at 44377 with an intraday high of 44660 and low of 44203. In evening a higher movement will be seen due to strong open interest that supports the trend.

BASE METAL

Base metal are showing a mixed reaction after opening a small lead from its last closes, MCX copper are trading in the  range of 412 to 414 In the two session while some positive move are looking in evening session. Today it open at 414.70 and touched an intraday high of 416.10 with a intraday low of 412.75.

Nickel for June delivery trade in bullish side after open in green side, with a small correction of 841.40 at 2:51 pm.    While MCX lead, zinc, and aluminum are trading with a both color with a slow pace. On evening trade all metal are expecting to show a green flag with an upside movement.

ENERGY

Crude oil trying to recover in domestic market but global cue pushes it back, in world market crude oil trading below $100 at 92.97 by losing 0.17%.  MCX crude oil is open at 5290 down side with a negative trend on Friday morning; on intraday it touches a high of 5325 with a low of 5272. Currently crude support a strong downtrend but a s small correction in expected in evening session.

Similar trend is following by natural gas at MCX for future delivery. Today natural gas is open at 229.60 and supported a bearish trend and touches a low of 227.30. In trade natural gas is looking to same trend buy I think a small correction will surely see for June delivery.

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Intraday tips

Buy gold above 27250 tgt 27300, 27350, 27400………sl 27100

Buy silver above 44300 tgt 44400, 44500, 44600………….sl 44000

Buy nickel above 842.50 tgt 844, 846, 850 ………………sl 836

  

04-02-13 Intraday MCX commodity market tips

GOLD and SILVER

Today in commodity market in red side, gold showing strong downwards trend on MCX. On MCX gold is expected to trade in the range of 30345- 29750. Currently on the opening day gold is looking very volatile for this week. While white metal on MCX opens at 58195 its last close is 58418, silver touch an intraday high of 58349 and low of 58195. Currently silver walking with bearish trend on MCX, silver have a good support level of 56650 with a resistance of 59160.

Buy gold above 30050 tgt 30100, 30200…30300………sl 29815

Sell silver below 58300 tgt 58240, 58165, 58100…58000…..sl 58968

BASE METAL

Base metal on MCX showing a red flag, today aluminum open at positive side and trend is looking positive for intraday trading.  Last week top gainer nickel today opens slightly down from its last close it open at 989.80. Copper on the global market trying to recover its position, copper in china showing some positive trend in previous week that help domestic market copper price. For today’s trading copper have strong support level 439 with a resistance level of 448.

Buy copper above 444 tgt 444.50, 445, 4445.50…………..sl 441

Buy nickel above 990 tgt 992, 995, 998……sl 979

Buy zinc above 115.60 tgt  116, 116.50, 117………sl 113

MENTHA and CRUDE OIL

Mentha and crude oil both are showing down trend and on MCX expected to trade with are flag.

Buy mentha oil above 1282 tgt 1285, 1290, 1295…………sl 1263

Today intraday calls

Buy cotton above 16680 tgt 16700, 16720, 16750……….sl 16630

Buy crude oil above 5183 tgt 5190 ,5200,5215………..sl 5157

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01-02-13 bearish gold|silver|base metal tips

Today commodity market open with a mixture of red and green, gold and silver open slightly higher towards positive sign.  Gold open at 29986 today its showing a strong downtrend and for intraday trader it is good to sell gold.

Sell gold below 29870 tgt 29830,29800, 29750………..sl 30050

Following gold, silver is also showing bearish trend, for silver a good support level of 57400 with a resistance level of 58654.

Sell silver (5 mar) below 57780 tgt 57730, 57690,57600…………sl 58865

All base metal showing red trend today, nickel, copper, aluminum experienced bearish.

Today intraday tips for base metal

Sell nickel below 979 tgt 978, 977,975……………..sl 985

Sell copper below 439.50 tgt 439, 438.60,  438…………..sl 441

Sell lead below 129 tgt 128.50, 128…………..sl 130.70

Today cotton is very volatile and some positive movement is expected in morning session.

Buy cotton above 16820 tgt 16830, 16850, 16870………..sl 16760

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