Rupees depreciate at IFE || Evening MCX gold silver tips|| today Live trading call and tomorrow commodity trend

Rupees falling session continue on Friday too, today it touches a low of 57.06/07 against US dollar. Rupees are very near to its historic low since July 2012 old 57.32. However it is a matter to be worried for Indian economy. Due to certain falling in rupees and weak global export, import of crude oil and coal are going to be expensive.

 At MCX market, commodities are trading on green side but movement in low in bullion. On other hand base metal show some correction a good trading had seen in afternoon trading in nickel and copper while lead, zinc show a little gain.

If we are talking about energies natural gas, mentha oil and crude oil are all watching in green side and expected to trade in bullish side with a low demand. Today mentha oil crosses the level of 1000 and touching a high of 1005 with a low of 985.80. More correction is being seen in mentha oil at global and domestic market.

Gold future edge up higher at MCX and very closes to 2 month high whereas due to increase in import rate and monsoon gold physical buying in reduced at Domestic market. On intraday trade it touches a high of 28017 with a low of 27808 for August delivery.

Today trading call

Sell gold August below 27950 27920, 27850, 27800………sl 28150

Sell silver July below 44450 tgt 44400, 44300, 44200………….sl 44700

Buy natural gas June above 219.50 tgt 220,  , 221 …223…………sl 215

Buy lead june above 125.50 tgt 125.80, 126.10, 126.50………..sl 124.50

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 Tomorrow gold silver prediction

As fall in rupees metal are trading low and bearish movement must be seen in tomorrow trading. Gold and silver are expected to fall whereas base metal; are trading with a mixed low movement. In energies especially in crude negative trend are looking with near to 5330 in upcoming week.

Evening commodity updates and MCX silver gold level | MCX lead zinc tips

Today silver are fluctuated on domestic market , silver for future delivery gain some good point on early trade after open 43054, on intraday it gain +300 point. Meanwhile after gaining an early up it fall sharply at MCX and touched a low of 42942.more depreciation are observed in MCX silver. In overseas market silver also fall down by early lead. COMEX silver are trading in the range of $22.30 to $22.90 a troy ounce.

Government are worried about gold import and say to take more action against gold, gold import are jumped by 138 % last month that’s push up trade deficit to $ 17.8 billion. Gold importation highly affected the GDP and that the main reason behind government taking a strict action towards import of gold and intimate to increase the import rate.

 Gold prices drop down after gaining a good momentum in domestic MCX, in upside it touch an intraday high of 26362 with a low of 26000.  

Movement is bullion is going to volatile in evening session and expected to trade mostly with green side.

Today natural gas following a negative trend with a low movement, on intraday trade it touch a low of 224.50, more depreciation is look to seen in evening session.  For today trading it is expected to trade in the range of 223.10 to 227.40.

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Buy lead May above 112.50 tgt 112.80, 113.40, 114 …………sl 111

 Buy zinc May above 101.60 tgt 101.90, 102.30, 102.60…………100.60

buy natural gas above 226 tgt 226.50, 227, 228..........sl 224

Buy gold June above 26050 tgt 26100, 26150, 26200……..sl 25900