Commodity report 12 June 2014

Commodity report 12 June 2014

Commodity report 12 June 2014

MCX Bullion Intraday tips

MCX GOLD Aug expiry future last closed at 26,090 with loss. In intraday mcx gold future’s high was at 26,199 while low was at 25,956. Total 250-rupee intraday range and closed with loss. Traders must follow buy on dips view for big short covering ahead.

MCX SILVER Jul expiry future last closed at 40,634 with gain. In intraday mcx silver future’s high was at 40,840 while low was at 40,475. 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 109.3 with loss. In intraday mcx aluminium, future hit high at 112 while low was at 109.2. Total 3-rupee intraday range and closed with loss. Investors above 108 keep buy and accumulate view.

MCX COPPER Jun expiry future last closed at 399.8 with loss. In intraday mcx, copper future made high at 403 while low was at 398. Total 5-rupee intraday range and closed with loss. Watch 394 supports for tomorrow.

MCX LEAD Jun expiry future last closed at 124.75 with loss. In intraday mcx lead future’s high was at 127 while low was at 124.55. Total 3 -rupee intraday range and closed with loss. Above 122, expect another fresh breakout for target 127.

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MCX NICKEL Jun expiry future last closed at 1082 with loss. In intraday mcx nickel future’s high was at 1112 while low was at 1080. Total 32-rupee intraday range and closed with loss. Investors watch 1080 supports.

MCX ZINC Jun expiry future last closed at 125.5 with loss. In intraday mcx zinc, future hit high at 127 while low was at 124.85. 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 6190 with gain. In intraday mcx crude oil, future hit high at 6224 while low was at 6179. Total almost 45-rupee intraday range and closed with gain. Traders below 6250 expect correction.

MCX NATURALGAS June expiry future last closed at 269 with loss. In intraday mcx natural gas, future made high at 271 while low was at 268. Total 3-rupee intraday range and closed with loss. Expect downside up to 260-255 rupees.

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