premarket commodity outlook for 19th may 2016

premarket commodity outlook for 19th may 2016 Mcx gold future closed at 30055. For intraday keep sell on rise view tgts are 29900 and 29600. Mcx silver future closed at 41060. Here also keep bearish view and expect downside levels of 40700 to 40150 in intraday.     In base metals, bottom formation is going on so keep buy on dips view. Aluminium might test 105+ levels. Copper around 300-305 remain buy and accumulate. Nickel will bounce back towards 605 level. Lead and zinc are buy and accumulate for big rally ahead.     Mcx crude oil future closed at 3323. Here expect some correction and then rally for tgt 3600+. On downside 3245 and 3165 are support zones. Mcx natural gas future closed at 134.5. Here expect tgts 130 and below. For intraday 137 and 140 are resistance levels.

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