commodity today : base metals in complete downtrend

Mcx gold future closed at 26687 with huge loss in last session. Gold reversed its trend to bears side on profit booking. On downside 26350 is support and possible target for this fall. Silver future closed at 36726 with gains. Here on downside 36100 is immediate support and intraday target. On upside 37000 and 37400 are strong intraday resistances.
Aluminium future is heading towards my given target of 103 below it expect 98-99 levels. Copper below 363 remain sell for target 340 medium term target. Lead and zinc given fresh downside breakout and expect much downside targets for this metals in medium terms if trend persist. Nickel future is trending towards my given target of 760.
Mcx crude future closed at 3808 with loss. Here below 3840 keep short view with strict stop loss in place. Mcx natural gas future last closed at 173.5 with loss. Here expect downside up to 164 on upside 175 and 179 are strong resistances. Below 179 keep positional bearish view on ng future.

The Author

Pramod Baviskar

Professional Market Trader And Owner Of Dalal Street Winners Advisory And Coaching Services. Working Since 2007 And Online Presence Since 2010. We Provide Highly Accurate And Professional 1 Entry And 1 Exit Future, Option, Commodity, Currency And Intraday Stock Tips On Whatsapp With Live Support And Follow Up.
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