commodity market view for 26th may 2016

commodity market view for 26th may 2016 Mcx gold future closed at 28940 with loss. Here 28800 and 28545 are support zones while 29050 and 29300 are resistance levels. Expect recovery rally.   Mcx silver future last closed at 39239 with loss. On downside 39050 and 38750 are support zones while 39600 and 39800 are strong resistances.     Mcx aluminium future closed at 103.6 with loss. On downside 103.2 and 102 are strong intraday support as well as tgts. Mcx copper bounce back up to 315 and here looks shorting opportunity. Mcx nickel is heading towards 556-550 zone. Mcx zinc and lead might show sharp downside on fresh selling.     Mcx crude oil future closed at 3325 with gain. On upside 3354 and 3392 are intraday resistances as well as tgts. Mcx natural gas future closed at 133.3 with loss. My 130 tgt almost achieved.

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Pramod Baviskar

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