MCX BULLION METAL UP| Base metal trading updates today

Mcx evening commodity market is in boom, both precious metal is trading upside . Mcx gold is in perfetc uptrend gold up more than 1% gold dec future contract above rs 382 at 26712 and the mcx silver contract up +1.55% or rs 552 at 36181. it touched in traday highs of 36380 and the lows of 35561.

All Base metal in mcx is trading down side , copper decline more than 1% at 409.35 and the nickel trade down 0.98% or rs 9.50 at 964.50 while Mcx aluminium future contract flat 1.19% or rs 1.50 at 124.80 lead also trade down more than 1% at 124.45 while mcx zinc 0.65% at 138.30.

Mcx silver buy above 35900 target 37200/36300 stoploss 35100
Mcx copper buy above 411 target 421 stoploss 406

MCX gold-silver trend for today and MCX crude oil movement for 08/05/13

Today on fresh start domestic gold open in positive node, but movement is sluggish on future delivery. Gold for June is open at 26745 against its previous close at 26722, whereas on intraday it touch a high of 26777 with a low of 26738. On intraday trade gold is expecting to trade with a resistance of 26991, 27150 and a support level of   26500, 264100.

For intraday trader

Buy gold (June) above 26750 tgt  26800, 26850, 26900………stoploss 26600

White metal on MCX for July delivery focuses to again gain a past movement on domestic market, today MCX silver open bit positive at 44882 it last close is Rs 44861. Today on early trade silver price touches a high of 44985 and low of 44865.  For today trade silver price are expecting for move on but movement is bearish for medium long term. On today trading silver are expecting to trade sluggish with positive node.

Buy silver (july) above 44900 tgt 45000, 45100, 45250 ……….stoploss 44550

Today crude oil on intraday market is showing a low movement from its opening price. Crude for May delivery open at 5177 and seems bearish for day trading.

Sell crude oil (may) below 5170 tgt 5160, 5150…. Stoploss 5190

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