Todays commodity tips for trading

1. MCX Gold are expected to trade sideways taking cues from international markets. Support at 26800/26680, Resistance: 27050/27150

2. MCX Copper prices are expected to trade higher taking cues from international trends, Support 372/368, Resistance: 377/380

3. MCX CrudeOil prices are expected to trade lower taking cues from weak international markets. CrudeOil Outlook

4. MCX Gold June trend is Up today with support at 26800 and 26680, Resistance at 27050 and
27150. Buy on Dip suggested by pinnacleindore

5. MCX Call: Buy MCX Zinc Apr Intraday between 137.90-138.10, Target at 141-141.10 and Stoploss 137.

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7 Comments
 

On domestic bourses, movement of the local currency rupee can impact the prices which can move in the range of 63.3–63.85 in the near term. Meanwhile, the dollar index can move in the range of 97-99 levels in the near term. Gold can move in the range of 23800-25100 while silver can move in the range of 33500-34400, according to SMCGlobal.

 

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