crude intraday

Crude oil fell to a three-month low as Tropical Storm Edouard will avoid most offshore production facilities in the U.S. Gulf Coast as it approaches Texas. Now support for the crude is seen at 5027 and below could see a test of 4929. Resistance is now likely to be seen at 5292, a move above could see prices testing 5459.

Trading Ideas

TRADING RANGE IS 4929-5459.
CRUDE BELOW 120$ BEARISH TILL 116.70-112.40$.
SELL CRUDE @ 5250-280 SL 5320 TGT 5225-5200-5175-5120-5060. MCX
A BREAK AND RETAIN BELOW 5080 CAN BRING TILL 4980-4920 LVL.

MCXARUN
9994500540

nickel intraday

Yesterday the LME nickel stock was 264 against the previous of -84 Nickel has touched a low of Rs 772 a kg after opening at Rs .799, and last traded at Rs 776.2.For today market is looking for the support at 765.8, a break below could see a test of 755.4 and where as resistance is now likely to be seen at 792.8, a move above could see prices testing 809.4.

Trading Ideas

TRADING RANGE IS 755.00-809.00.
HOLD / SELL NICKEL AUG @ 790-795 SL 802 TGT 784-780-776-770-760. MCX
OVERALL NICKEL IS WEAK AND BEARISH AND WE LOOK SUPPORT AT 700-680 LEVEL

MCXARUN
9994500540

copper intraday

Copper futures in Shanghai plunged to the lowest in more than six months as global stockpiles rose to a five-month high, raising speculation demand may be slowing. Yesterday the LME copper was 1550mt against the previous of 2250mt. Copper has touched a low of Rs 322.2 a kg after opening at Rs 336, and last traded at Rs322.65.For today market is looking for the support at 317.8, a break below could see a test of 312.95 and where as resistance is now likely to be seen at 331.9, a move above could see prices testing 341.15.

Trading Ideas

TRADING RANGE IS 313.00-340.00.
SELL COPPER @ 328-329 SL 331.20 TGT 325.60-323.70-321.40-318. MCX
A JUMP CAN BE SEEN TODAY AFTER YESTERDAY FALL
BUY COPPER @ 319-320 SL 317.80 TGT 322.50-324.20-326.80. MCX

MCXARUN
9994500540

mcx silver intraday

Silver opened at 1736/1740 and moved within a range during the early part of the session, climbing to a high of 1744/1748. This level was not sustained as base metals and oil both fell, dragging silver lower and triggering stops which pushed the metal to a low of 1687/1691. Silver quickly recovered from the lows as dealers bought, finally closing at 1713/1717. Now support for the silver is seen at 23649 and below could see a test of 23318. Resistance is now likely to be seen at 24472, a move above could see prices testing 24964.

Trading Ideas:

TRADING RANGE IS 23318-24964.
SILVER IS BELOW 17$ CAN FIND THE SUPPORT TILL 16.56$
WAIT FOR FRESH ENTRY AS BELOW 24000 MARK MARKET IS LOOKING WEAK AND BEARISH TILL 23360. MCX

mcx gold intraday

Gold opened at 901.25/902.25 in New York and climbed on the back of weaker equity markets, reaching a high of 909.50/910.50. Oil later tumbled on news that Tropical Storm Edouard would not cause disruption to oil production in the Gulf of Mexico, and gold followed, slipping to a low of 894.50/895.50. The metal ticked higher from the lows on good bids closing at 899.25/900.25. Now support for the gold MCX is seen at 12318 and below could see a test of 12217. Resistance is now likely to be seen at 12600, a move above could see prices testing 12781.

Trading Ideas:

TRADING RANGE IS 12217-12781.
SELL GOLD @ 12550-580 SL 12622 TGT 12520-480-435-380. MCX
IMP WILL BE 888$.
RISKY TRADER CAN BUY GOLD @ 12300-330 SL 12270 TGT 12365-12390-12460. MCX
IMPORTANT IS 888$ A BOUNCE TILL 898-905$ CAN BE SEEN BELOW 888$ TARGET CAN BE 862$

MCXARUN
9994500540