commodity intraday report for 9th june 2016

commodity intraday report for 9th june 2016 Mcx gold future closed at 29657 with gain. Here we saw fresh bullish breakout on price and volume. On upside expect targets 29800 and 30200 in short term. Mcx silver future closed at 40300 with gain. Here also we saw bullish breakout above 39850 s expect 40800 to 41300 as short term targets ahead.     Mcx aluminium future closed at 106.15. Here below 106.5 keep sell on rise view for intraday for targets are 103 and 100.6 on downside. Mcx copper future closed at 304 with loss. Here as expected copper is heading towards my targets 299-295. Mcx lead future closed at 115.8 with heavy gains. Here above 114.8 keep buy on dips view for targets 118 and 120. Mcx nickel future given breakout above 592 and closed above it so expect 610 and 630 a short term targets on upside. Mcx zinc future closed at 137.75 with strong buying as well as short covering. Here super bullish zinc is heading towards my targets 140 and 143.     Mcx crude oil future closed at 3407 with gain. Crude is inching towards my targets 3550 and 3775. Mcx natural gas future closed at 164 with loss. We saw high above 167. Above 161 expect 171 and 173 as targets.

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Pramod Baviskar

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