Commodity report 11 June 2014

Commodity report 11 June 2014

Commodity report 11 June 2014

MCX Bullion Intraday tips

MCX GOLD Aug expiry future last closed at 26,121 with gain. In intraday mcx gold future’s high was at 26,164 while low was at 25,951. Total 200-rupee intraday range and closed with gain. Traders must follow buy on dips view for big short covering ahead.

MCX SILVER Jul expiry future last closed at 40,492 with gain. In intraday mcx silver future’s high was at 40,583 while low was at 40,113. Total almost 400-rupee intraday range and closed with gain. Long-term investors use 38k to 40k zones for accumulation.

 

MCX metal Intraday tips

MCX ALUMINIUM Jun expiry future last closed at 111 with loss. In intraday mcx aluminium, future hit high at 112.75 while low was at 110.9. Total 3-rupee intraday range and closed with loss. Aluminium future is near support 110.5.

MCX COPPER Jun expiry future last closed at 401.05 with gain. In intraday mcx, copper future made high at 401 while low was at 397. Total 4-rupee intraday range and closed with gain. Above 394 rupee, keep buy on dips view.

MCX LEAD Jun expiry future last closed at 126.25 with loss. In intraday mcx lead future’s high was at 126.7 while low was at 125. Total 2 -rupee intraday range and closed with loss. Above 125, expect another fresh breakout for target 127-128.

MCX NICKEL Jun expiry future last closed at 1108 with loss. In intraday mcx nickel future’s high was at 1122 while low was at 1098. Total 24-rupee intraday range and closed with loss. Investors above 1080 stay long.

MCX ZINC Jun expiry future last closed at 126.2 with loss. In intraday mcx zinc, future hit high at 126.7 while low was at 125. Total 2-rupee intraday range and closed with loss. Above 125, follow buy and accumulate view for short terms.

 

MCX Energy Intraday tips

MCX CRUDEOIL June expiry future last closed at 6176 with loss. In intraday mcx crude oil, future hit high at 6227 while low was at 6163. Total almost 60-rupee intraday range and closed with loss. Crude is with topped out signal.

MCX NATURALGAS June expiry future last closed at 269.2 with loss. In intraday mcx natural gas, future made high at 276 while low was at 268. Total 8-rupee intraday range and closed with loss. Traders below 272 keep short view for intraday.

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The Author

Pramod Baviskar

Professional Market Trader And Owner Of Dalal Street Winners Advisory And Coaching Services. Working Since 2007 And Online Presence Since 2010. We Provide Highly Accurate And Professional 1 Entry And 1 Exit Future, Option, Commodity, Currency And Intraday Stock Tips On Whatsapp With Live Support And Follow Up.

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