commodity premarket-base metal sell off may continue

mcx commodity technical analysis for 10 may 2016 mcx commodity technical analysis for 10 may 2016 Mcx gold and silver bullion seen strong profit booking as expected. Heading towards support zone to test them. Gold at 29650 will remain buy and silver around 40200 will be buying opportunity.   Base metals tumbling down as expected. Friday up move was shorting opportunity. More downside can be here. Copper is heading towards 295 levels. Aluminium also can touch sub 100 levels again. My nickel tgt 574 is almost achieved, sell call from 635 to 574!! Cheers.   In mcx energy segment, crude is heading towards support 2820. While ng remain buy on dips for tgt 152 and 162. 132 to 136 is best buy zone for traders.

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Pramod Baviskar

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