Commodity report 23 June 2014

Commodity report 23 June 2014

Commodity report 23 June 2014

MCX Bullion Intraday tips

MCX GOLD Aug expiry future last closed at 27,677 with gain. In intraday mcx gold future’s high was at 27,820 while low was at 27,468. Total 400-rupee intraday range and closed with gain. Expect some correction ahead.

MCX SILVER Jul expiry future last closed at 44,575 with gain. In intraday mcx silver future’s high was at 44,840 while low was at 43,981. Total almost 900-rupee intraday range and closed with gain. Above 44k, expect long-term uptrend.

 

 

MCX metal Intraday tips

MCX ALUMINIUM Jun expiry future last closed at 111.65 with loss. In intraday mcx aluminium, future hit high at 112.65 while low was at 111. Total 2.5-rupee intraday range and closed with loss. Above 110-rupee level, aluminium will remain buy.

MCX COPPER Jun expiry future last closed at 415.3 with gain. In intraday mcx, copper future made high at 416 while low was at 409. Total 7-rupee intraday range and closed with gain. Copper is heading towards 418.

MCX LEAD Jun expiry future last closed at 127.3 with loss. In intraday mcx lead future’s high was at 128.35 while low was at 126.6. Total 2 -rupee intraday range and closed with loss. Above 125, expect another fresh breakout for target 128.

READ MORE :   MCX COPPER UPDATE: achieved TARGET 424 for next TARGET – see inside

MCX NICKEL Jun expiry future last closed at 1104 with loss. In intraday mcx nickel future’s high was at 1129 while low was at 1097. Total 31-rupee intraday range and closed with loss. Traders below 1140 keep bearish view for nickel and se sell on rise strategy.

MCX ZINC Jun expiry future last closed at 130.6 with gain. In intraday mcx zinc, future hit high at 131 while low was at 129.7. Total 1-rupee intraday range and closed with gain. Above 127, follow buy and accumulate view for short terms.

 

MCX Energy Intraday tips

MCX CRUDEOIL Jul expiry future last closed at 6455 with gain. In intraday mcx crude oil, future hit high at 6467 while low was at 6395. Total almost 75-rupee intraday range and closed with gain. Traders with stop loss 6350 keep buy on dips view for intraday.

MCX NATURALGAS June expiry future last closed at 273.5 with loss. In intraday mcx natural gas, future made high at 278 while low was at 272. Total 6-rupee intraday range and closed with loss. Investors above 265 keep buy and accumulate view here.

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