Commodity report 24 June 2014

Commodity report 24 June 2014

Commodity report 24 June 2014

MCX Bullion Intraday tips

MCX GOLD Aug expiry future last closed at 27,679 with gain. In intraday mcx gold future’s high was at 27,746 while low was at 27,572. Total 200-rupee intraday range and closed with gain. Expect correction ahead.

MCX SILVER Jul expiry future last closed at 44,416 with loss. In intraday mcx silver future’s high was at 44,629 while low was at 44,240. Total almost 400-rupee intraday range and closed with loss. Now trail stop loss at 44k.

 

MCX metal Intraday tips

MCX ALUMINIUM Jun expiry future last closed at 111.45 with loss. In intraday mcx aluminium, future hit high at 112.65 while low was at 111.3. Total 1-rupee intraday range and closed with loss. Aluminium future is heading for target 114 and above.

MCX COPPER Jun expiry future last closed at 417.7 with gain. In intraday mcx, copper future made high at 420 while low was at 417. Total 3-rupee intraday range and closed with gain. Copper above 418 may touch 425.

MCX LEAD Jun expiry future last closed at 129.55 with gain. In intraday mcx lead future’s high was at 129.6 while low was at 127.6. Total 2 -rupee intraday range and closed with gain. Above 127, expect another fresh breakout for target 133.

MCX NICKEL Jun expiry future last closed at 1100 with loss. In intraday mcx nickel future’s high was at 1124 while low was at 1099. Total 25-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 131.1 with gain. In intraday mcx zinc, future hit high at 132 while low was at 130.75. 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 6404 with loss. In intraday mcx crude oil, future hit high at 6499 while low was at 6391. Total almost 100-rupee intraday range and closed with loss. Traders watch 6350 support for major move.

MCX NATURALGAS June expiry future last closed at 267.4 with loss. In intraday mcx natural gas, future made high at 274.4 while low was at 267. Total 8-rupee intraday range and closed with loss. Investors above 265 keep buy and accumulate view here.

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