Commodity Market Updates & Calls

Commodity Market Live Updates

Gold is likely move down in today's Indian Commodity Market. However a weaker rupee due to weak domestic markets can limit the downside. Gold for June delivery on MCX was down by 0.56% at INR 25,963/10gms and silver was up by 0.13% closing at INR 43,226/kg.

In the energy sector crude oil prices are expected to go down as markets are well supplied and demand concerns from China can continue to push prices down. Natural gas is expected to move in a range ahead of thei nventories data today.

Commodity Calls

Sell Gold-June at 26200-26250 TGT 25600 SL 26400
Sell Silver- July at 44000-44200 TGT 42000 SL 44800
Sell Crude oil –June at 300-5310 TGT 5240 SL 5350
Natural Gas– May Range 227-235

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INTRADAY COMMODITY TIPS & UPDATES

Gold, Silver, Copper, Crude Commodity Update : 25th June 2012

Gold prices fell on today's mcx commodity market due to deflation concern now intraday gold support level  at 29610-29460, and resistance at 29900-30010. Silver support levels for today at 52050-51200 and resistance at 52600-52900. Copper support at 412.50-411 and resistance levels at418-420. Crude oil fell in today's commodity market due to the over demand outlook now the holding support level for crude at 4530-4490, and resistance at 4590-462

INTRADAY MCX  COMMODITY TIPS

SELL SILVER AT 52500-52550, SL 52800, TGT 52050.
SELL COPPER AT 415.50-416, SL 417.10, TGT 413.
SELL CRUDE AT 4560-4555, SL 4590, TGT 4500

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