Wednesday, July 3, 2013

TODAY 4 July Commodity Updates $ MCX JACKPT CALLS

After yesterday's great performance today has turned to opposite direction both precious metals Gold and Silver. Indian Market was open as soon as the red mark appeared gold and silver. However domestically these are seeing bearish view. At current market levels MCX Gold is trading 105 Rs below due to previous close and trading rate at 26191. MCX White metals has backed 289 Rs against the last closing and cost prices at 40700.
Free MCX Tips

If we talk about MCX energy like Crude oil and natural gas, so both are suffering to lower levels. Currently Crude oil is looking bed position and bearish zone & expected to trade below 6085. Other hand MCX Natural gas is trading below near to half percent at Rs 219.80.

 The domestic market is the trend of weakness in base metals. MCX Copper is down 1 per cent to Rs 421.85. Aluminum 0.7 %, 0.4 % lead, 0.7 per cent nickel and zinc also has weakened 0.7 %.  

MCX Calls  
Gold: Sell MCX Gold Aug below 26200 Targets 26160, 26120 Stop Loss 26245.

Silver: Sell MCX Silver Near to 40700 Targets with in July contract Targets 40600, 40500 Stop Loss 4085.  

Copper: Sell Copper Aug below 421.50 Targets 420.50, 419.50.

@ Sell MCX Crude oil for 19 July delivery within Current market rate.



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