MCX Commodities are looking bearish today. The precious yellow metal is going higher at 26396.00 with a high of 33517 and low of 25352.00
Silver for 4 May delivery is again working in negative mode. It drop by 0.63 percent against its previous close. The Support for silver is 42240 and resistance is 47770.
Due to rising inventories the HSBC makes a little change in fundamental market. The Bank cut its aluminum price forecast to $2100 per tonne, nickel to $17110 per tonne, zinc to $2112 per tonne.
In international market oil price decreases, June Brent crude dropped by 34 cents to $100.05 a barrel and US crude down by 40 cents to $88.79 a barrel. For middle east it is very tough to maintain the economy as the brent fallen below $100.
MCX CALL
Silver sell below 43230
Target 43195, 43170, 43155 Stop loss 43430
Crude oil sell below 4821
Target 4817, 4812, 4806 Stop loss 4837
NCDEX CALL
Maize buy above 1170
Target 1200, 1205, 1210 Stop loss 1140
Chana sell below 3550
Target 3500, 3490, 3480 Stop loss 3590
Fore more click on the image
Silver for 4 May delivery is again working in negative mode. It drop by 0.63 percent against its previous close. The Support for silver is 42240 and resistance is 47770. Due to rising inventories the HSBC makes a little change in fundamental market. The Bank cut its aluminum price forecast to $2100 per tonne, nickel to $17110 per tonne, zinc to $2112 per tonne.
In international market oil price decreases, June Brent crude dropped by 34 cents to $100.05 a barrel and US crude down by 40 cents to $88.79 a barrel. For middle east it is very tough to maintain the economy as the brent fallen below $100.
MCX CALL
Silver sell below 43230
Target 43195, 43170, 43155 Stop loss 43430
Crude oil sell below 4821
Target 4817, 4812, 4806 Stop loss 4837
NCDEX CALL
Maize buy above 1170
Target 1200, 1205, 1210 Stop loss 1140
Chana sell below 3550
Target 3500, 3490, 3480 Stop loss 3590
Fore more click on the image
