commodity pre market report for 8th june 2016

commodity pre market report for 8th june 2016 Mcx gold future closed at 29370. Here above 29300 keep long view and expect 20500 and 29800 targets in intraday. Mcx silver future closed at 39012 with loss. Silver is recovering towards 39850 so keep target at 39850.     Mcx aluminium future closed at 104.25. It is sliding towards 100 and 96 levels. Mcx copper as expected heading toward my given target 299 below it 299 next support as well as target will be 285. Mcx lead future below 115 remain weak and sell for target 110 and 105. Mcx nickel future will outperform and expect 592 to 600 levels on chart. Mcx zinc future has support at 132 if slips below it then expect deep downside targets of 127 to 124.     Mcx crude oil future closed at 3347 with gain. Here above 3220 keep buy on dips view and expect strong rally ahead for targets 3550 to 3700+. Mcx natural gas future holding 161 support so expect 171 and 180 targets in short terms.

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Pramod Baviskar

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