MCX COMMODITY TIPS TODAY

Base metal at Multi commodity exchange open with a downward trend, today MCX copper for June open at 419.75 against its previous close at 420.50 meanwhile at spot market it traded in green side at 420.70 at 10:29 am. On intraday trade copper seem to be volatile on bullish side and expected to trade between the ranges of 429 to 410.  

Nickel for June trading looks positive at commodity market, at MCX it opens at 862.50 against its last close at 863.40. On early Wednesday morning nickel for June trading up with a good movement and touch an intraday high of 867.

Lead and zinc are looking bearish at Multi commodity exchange; both are open in downside and expected to trade in negative side on morning session while for whole day lead and zinc are showing some small correction with a lazy movement.

Lead support and resistance

S1: 124.50, S2 123

R1: 129, R2 130

Crude oil at spot market are trading at deep low side at 5285 at 10:41 while at Multi commodity exchange for June delivery crude oil is bearish on morning trade. Today it opens at 5308 against its last close at 5300. On intraday trade it seems to fall more in a negative side in today trade.

S1: 5240, S2: 5220

R1: 5330, 5360

Intraday calls

BUY GOLD JUNE ABOVE 27220 TGT 27260, 27300, 27400…………..SL 27000

BUY SILVER JUNE ABOVE 44150 TGT 44200, 44300, 44000………SL 43700

SELL CRUDE OIL JUNE BELOW 5290 TGT 5280, 5270, 5250………….5330

SELL LEAD JUNE BELOW 126.30 TGT 126, 125.80, 125.50…………SL 128

 

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