Commodity report 30 June 2014

Commodity report 30 June 2014

Commodity report 30 June 2014

MCX Bullion Intraday tips

MCX GOLD Aug expiry future last closed at 27,681 with gain. In intraday mcx gold future’s high was at 27,799 while low was at 26,605. Total 200-rupee intraday range and closed with gain. Expect correction ahead.

MCX SILVER Jul expiry future last closed at 44,492 with loss. In intraday mcx silver future’s high was at 44,839 while low was at 44,442. Total almost 400-rupee intraday range and closed with loss. Expect correction ahead.

 

MCX metal Intraday tips

MCX ALUMINIUM Jun expiry future last closed at 110.95 with loss. In intraday mcx aluminium, future hit high at 112 while low was at 110.85. Total 1-rupee intraday range and closed with loss. Aluminium future above 110.5 will remain buy on dips.

MCX COPPER Jun expiry future last closed at 417.8 with loss. In intraday mcx, copper future made high at 422 while low was at 417. Total 5-rupee intraday range and closed with loss. Copper above 418 remain buy.

MCX LEAD Jun expiry future last closed at 128 with loss. In intraday mcx lead future’s high was at 129.5 while low was at 127.95. Total 1.5 -rupee intraday range and closed with loss. Above 127, expect another fresh breakout for target 133.

MCX NICKEL Jun expiry future last closed at 1128 with loss. In intraday mcx nickel future’s high was at 1138 while low was at 1119. Total 19-rupee intraday range and closed with loss. Traders below 1140 keep bearish view for nickel and keep sell on rise strategy.

MCX ZINC Jun expiry future last closed at 131.55 with gain. In intraday mcx zinc, future hit high at 131.6 while low was at 130.75. Total 1-rupee intraday range and closed with gain. Above 129, follow buy and accumulate view for short terms.

 

MCX Energy Intraday tips

MCX CRUDEOIL Jul expiry future last closed at 6362 with loss. In intraday mcx crude oil, future hit high at 6410 while low was at 6350. Total almost 60-rupee intraday range and closed with loss. Traders with stop loss 6300 keep buy on dips view for intraday.

MCX NATURALGAS July expiry future last closed at 264.9 with loss. In intraday mcx natural gas, future made high at 270 while low was at 264. Total 6-rupee intraday range and closed with loss. Technically heavily oversold expect short covering ahead.

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