mcx premarket-watch mcx gold and silver for short covering rally

Mcx commodity premarket calls for 11th may 2016 Mcx commodity premarket calls for 11th may 2016   Mcx gold and silver outlook for the day remain bullish and keep buy on dips strategy. For intraday gold tgts will be 30200 to 30800. Mcx silver intraday tgts will be 41400 to 42100.     Base metals might remain weak and use bounce back to go short. Much more downside still left. Copper is heading towards 300-295 levels. Nickel below 575 will become very bearish and might test 520 tgts. Aluminum given lows near 103 tgt 100 to 95. Zinc and lead might outperform the market.     Crude oil future remain sell on rise for tgt 2820. Ng future also looks weak and use sell on rise view with SL above 148.

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