Commodity report 6 June 2014

Commodity report 6 June 2014

Commodity report 6 June 2014

MCX Bullion Intraday tips

MCX GOLD Aug expiry future last closed at 25,968 with gain. In intraday mcx gold future’s high was at 25,999 while low was at 25,760. Total 250-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 40,243 with gain. In intraday mcx silver future’s high was at 40,470 while low was at 39,615. Total almost 850-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 108.85 with gain. In intraday mcx aluminium, future hit high at 109.7 while low was at 107.85. Total 2 -rupee intraday range and closed with gain. Aluminium future is heading for target 110.5 and above.

MCX COPPER Jun expiry future last closed at 405 with loss. In intraday mcx, copper future made high at 408 while low was at 403. Total 35-rupee intraday range and closed with loss. Expect dips up to 400-396.

MCX LEAD Jun expiry future last closed at 124.05 with loss. In intraday mcx lead future’s high was at 125 while low was at 123.7. Total 1 -rupee intraday range and closed with loss. Expect dips up to 122-123.

READ MORE :   21 AUG. advisory calls performance profit +22200/-

MCX NICKEL Jun expiry future last closed at 1125 with loss. In intraday mcx nickel future’s high was at 1139 while low was at 1120. 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 123.65 flat. In intraday mcx zinc, future hit high at 124 while low was at 123. Total 1-rupee intraday range and closed flat. Above 122, follow buy and accumulate view for short terms.

 

MCX Energy Intraday tips

MCX CRUDEOIL June expiry future last closed at 6061 with loss. In intraday mcx crude oil, future hit high at 6094 while low was at 6013. Total almost 80-rupee intraday range and closed with loss. Traders below 6100 stay short for intraday.

MCX NATURALGAS June expiry future last closed at 279.4 with gain. In intraday mcx natural gas, future made high at 280 while low was at 272. Total 8-rupee intraday range and closed with gain. Traders now trail stop loss at 274 for target 286.

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