commodity predictions for 2nd june 2016

commodity predictions for 2nd june 2016 In Mcx bullions segment, Mcx gold future closed at 28971. For intraday above 28850 keep long view for targets 29125 and 29400. Mcx silver last closed at 38450. Here above 38400 expect intraday recovery move up to 38900 to 39300.     In mcx base metals segment, mcx aluminium above 105 remain buy for targets 106.4 and 107.5. Mcx copper future below 308 might fall up to 306 to 302. Mcx lead future above 116 remain bullish for targets 117.1 and 119. Mcx nickel future above 571 remain buy for targets 580 to 585. Mcx zinc future above 131.7 remain buy for targets 133.5 to 135+.     In mcx energy segment, mcx crude oil below 3325 remain sell for targets 3280 to 3250. Above it expect short covering rally up to 3380. Mcx natural gas future is achieved my 156 target now heading towards 163 and 165 targets. Above 160 keep long view.

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Pramod Baviskar

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