Commodity market outlook 06 Aug, Live Gold Silver trend, Crude oil tips

Barley: Bearish Trend R1 1146 R2 1154 S1 1130 S2 1124 

Chana: Bearish Trend R1 4535 R2 4563 S1 4480 S2 4460 

Menthol oil: Sideways Trend R1 914 R2 919 S1 899 S2 891 

Silver Sept: Sideways Trend R1 33700 R2 34000 S1 33200 S2 32850 

Gold Oct: Sideways Trend R1 24830 R2 24940 S1 24560 S2 24400 

Natural Gas Oct: Bearish Trend R1 183 R2 184.8 S1 179.4 S2 177.6 

Crude Oil Aug: Bearish Trend R1 2953 R2 3029 S1 2837 S2 2797 

Aluminium Aug: Bearish Trend R1 102.08 R2 103.12 S1 100.43 S2 99.82 

Zinc Aug: Bearish Trend R1 122.48 R2 123.97 S1 120.08 S2 119.17 

Lead Aug: Bearish Trend R1 110.93 R2 112.02 S1 109.08 S2 108.32 

Nickel: Bearish Trend R1 702.57 R2 708.53 S1 691.57 S2 686.53

Commodity Live,MCX Gold 25,000 and Nifty down 34,000, Crude oil decline today

MCX Gold and Silver price continued decline, after Yesterday’s sharp drop in gold but today has normally recovery. While in the domestic market now gold price 25,000 and The international market price below $1,100. 

Meanwhile India Bullion and Jewellers Association said that gold Jewelry buyers are going to come good levels. With MCX Silver trading above Rs 34,000 gain 0.5%. Meanwhile, The MCX Crude oil price decline in domestic market. MCX crude oil price has come down to Rs 3200 and the International market is also under pressure. NYMCX crude oil price still down $ 50. Brent’s levels of $ 56 . In fact the US stocks decline 2.5 million barrels of Crude, seems the pressure on Crude. 

MCX Base metals showing slight gain, Copper gain 0.4 per cent trading at Rs 345.6. Aluminum and Nickel is trade flat, but Lead 0.25 per cent and Zinc 0.3% is trading up.

16 June 2015, Intraday MCX NCDEX commodity market calls today

SELL Aluminium below 107.90 targets 106.50 Stop loss 109.30

SELL Zinc below 134.30 targets 132.70 Stop loss 135.65

SELL Lead below 116 targets 114.6 Stop loss 117.1

SELL Nickel below 822 targets 808 Stop loss 832

SELL Copper below 374 targets 370 Stop loss 377

BUY Natural Gas above 184 targets 191 Stop loss 179

BUY Crude oil above 3880 targets 3940 Stop loss 3835