Commodity News and Latest Update

 BULLION :
Gold prices are  expected to  bounce to the tune of 31450  if sustained above 31300,  one can buy around 31300 with a stop loss below 31220.  one could witness profit booking around 31450 -31500.
Silver prices are resisting 61000 -61100  zone. Prices  are expected to trade within the range from 61000 to 60000. Fresh buying recommended above 61000.

BASE METAL : 
Copper prices as expected tested the zone at 445 -446. For intraday one can sell around 443 – 443.50 with a stop loss above 447 for the target around 438 – 436.
Nickel prices are expected to trade within the range from 935 to 910. One can buy on dip around 915 -910 with a stop loss below 900.
Lead prices as expected tested 114.50 - 114 on lower end, one can buy on dips around 114 with a stop loss below 112.80 for the target at 116.30  -116.60.

 ENERGY : 
Crude price are expected to test the resistance zone at 4960 – 4980 if  prices sustain below that one can sell with a small stop loss above 4990. Prices are expected to test 4910 -4900.

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Tips for Today

Go for Sell in MCX Gold around 31400 levels with a stop loss placed above 31750 levels for targets of 30960 and 30620 levels.

Go For sell in MCX Silver around 62450 levels with a stop loss placed above 63100 levels for targets of 61350 and 60130 levels.

MCX Crude Oil Live Updates:- MCX Crude oil is trading on the downside in the domestic commodity market MCX. NYMEX crude oil prices on the international market has fallen to $ 92. Brent Crude oil is also seeing a selling pressure which in turn has impacted the crude oil in the domestic market. Live price of MCX Crude oil is 4900.

International market is falling strongly in gold and silver. At Comex gold dropped by around .70 percent and Currently trading at around $1755 at Comex while the silver faced the same amount of fall and is at $34 per ounce. Gold in the domestic market (MCX) on Monday closed at 31798 after a drop of 0.26 percent.

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