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Commodity Market is bearish Today
As the currency updates suggest that Rupee open on a weaker note today against the US dollar. All commodities are also following the same trend now. Talking about bullion Gold silver both are looking down for intraday trading. MCX gold has crossed its support level at 27700 level. While silver has checked 41000 level today. Talking about base metals all are trading in red. Silver is trading sideways to bearish and traders are advised to book profit in narrow range for the day.
MCX Tips and Calls
MCX Gold Tips: Sell below 27550 level with a stop loss at 27700 levels for targets of 27100.
MCX Silver Tips: Sell at 40900 level for the target of 40000 level with a stop loss above 41500.
Crude Oil Call: Sell crude oil below 6450 with a stop loss at 6520 level for targets of 6340.
MCX Copper Call: Sell MCX Copper at 428 for the target of 424 level with a stop loss at 431.
