Commodity report 13 June 2014

Commodity report 13 June 2014

Commodity report 13 June 2014

MCX Bullion Intraday tips

MCX GOLD Aug expiry future last closed at 26,312 with gain. In intraday mcx gold future’s high was at 26,360 while low was at 25,980. Total 400-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 41,199 with gain. In intraday mcx silver future’s high was at 41,298 while low was at 40,486. Total almost 900-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 107.45 with loss. In intraday mcx aluminium, future hit high at 109.55 while low was at 107.15. Total 2 -rupee intraday range and closed with loss. Aluminium future for intraday below 108 remain sell.

MCX COPPER Jun expiry future last closed at 395.9 with loss. In intraday mcx, copper future made high at 401 while low was at 394. Total 7-rupee intraday range and closed with loss. Any closing below 394 may show downside target 375.

MCX LEAD Jun expiry future last closed at 122 with loss. In intraday mcx lead future’s high was at 125.05 while low was at 121.85. Total 3 -rupee intraday range and closed with loss. Lead future Seems to be oversold so expect short covering ahead.

MCX NICKEL Jun expiry future last closed at 1071 with loss. In intraday mcx nickel future’s high was at 1082 while low was at 1047. Total 35-rupee intraday range and closed with loss. Traders below 1080 keep bearish view for nickel for intraday.

MCX ZINC Jun expiry future last closed at 122.55 with loss. In intraday mcx zinc, future hit high at 125.55 while low was at 122.35. Total 3-rupee intraday range and closed with loss. Investors must watch 120-120 zone for fresh entry.

 

MCX Energy Intraday tips

MCX CRUDEOIL June expiry future last closed at 6288 with gain. In intraday mcx crude oil, future hit high at 6310 while low was at 6202. Total almost 110-rupee intraday range and closed with gain. Traders now trail stop loss at 6250 for target 6380.

MCX NATURALGAS June expiry future last closed at 281.8 with gain. In intraday mcx natural gas, future made high at 282 while low was at 268. Total 14-rupee intraday range and closed with gain. Now must trail stop loss at 276 for target 289-290.

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