free commodity intraday trading tips for 18 june 2015
Mcx gold future closed around 26800 with loss. Today expect some buying as well as short covering as comex gold trading higher. On downside 26700 and 26500 are intraday strong supports. On upside 27050 is strong resistance level.
Mcx silver last closed at 36852 with gain. Today here 36500 and 36200 are intraday support zone. From that levels expect reversal and buy trade can be initiated with strict stop loss in place.
In base metals, aluminium heading towards 103 with oversold indicators. 105 is strong historical support and traders must watch for that. Mcx copper is sliding towards 360-362 target. On upside 378 is strong resistance. Lead and zinc showing some positive signals on daily chart indicators so expect technical bounce back there. Nickel might continue to fall and below 850 keep sell on rise view on that metal.
Mcx crude oil future finally given sell signal on daily chart. Below 3850 keep short view with strict stop loss and expect 3660 and below levels as target zones. Natural gas is facing stiff resistance at 188-192 zone so traders can sell this commodity around those levels with stop loss and expect correction up to 178-175 in short terms.