commodity market forcast for 7th june 2016

commodity market forcast for 7th june 2016 Mcx gold future closed at 29442. For intraday above 29400 keep long view for targets 29675 and 29800. Mcx silver future closed at 39150. Here above 38800 keep long view for targets 39450 and 39800.     Mcx aluminium future closed at 104.05. Below 104 expect downside up to 102-101. Mcx copper future closed at 313.6. Here strong support area around 310-313 so keep buy and accumulate view for targets 315-316. Mcx nickel future closed at 581.1. Here below 578 expect downside levels up to 573 to 565 in intraday. Mcx zinc future closed at 135.55. Here super bullish trend set higher targets so expect 136 and 137.5 on upside.     Mcx crude oil future closed at 3307. Here intraday support as well as buying levels are 3255 and 3240. Mcx natural gas future closed at 163.7. Above 166 expect intraday targets around 169.5 to 173.

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Pramod Baviskar

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