premarket commodity-mcx gold and silver buying oppertunity

commodity market outlook 13th may 2016 commodity market outlook 13th may 2016 Mcx gold and silver given strong correction. Silver above 40100 remain medium term buy while gold above 29650 is buying opportunity.   In base metals we saw sell off as expected. Copper is heading towards my tgt 295. Aluminium also heading for sub 100 levels. Nickel has major support at 574 so watch for it. Lead and zinc might remain outperformers.   Mcx crude looking strong so keep buy on dips view for tgt 3300+. Mcx ng future above 139 remain buy tgt 152 and 162 for May series.

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Pramod Baviskar

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