Today commodity market is in very fluctuation movement, a lot of up and down is seen in Indian Multi commodity exchange on early hour. Bullion opens in inverse direction, yellow metal showing a green flag on its opening position with a bit increment in yesterday closing position at 26886. Meanwhile on intraday trading it seem to be volatile for active delivery and expected to trade in the range of 27050 to 26500.
S1: 26710, S2: 26600
R1: 26995, R2: 27030
If we go on white metal a bearish deep red color had seen on morning one hour and same trend is expected to seen whole day with a small correction on future delivery. Today at Multi commodity exchange silver for future delivery open at 41201 against its last close 41305. A bounce back is expected in silver at MCX for July delivery.
Sell gold below 26860 tgt 26820, 26780, 26700………SL 27020
Sell silver below 41020 tgt 40950, 40900, 40800……………sl 41400