Today Indian commodity markets are open in downside flow, most traded gold and silver price are looking in alternative trend. On intraday trading gold for future trading open at 25247 against its yesterday closing 25375 and expected to trade in bearish side on intraday trade at MCX. Gold prices are in big trouble on electronic trading and come under 26000 and very close to its year record low. Following yellow metal silver prices also look to comes in negative side and traded bearish on morning trade. On intraday trading at MCX it open at 38792 slightly down against its yesterday closing position at 38796. Silver prices are experienced a volatile trend in today trade, with a bullish node at MCX.
MCX energies and base metal are trading low and expected to be bearish for morning session. MCX copper, nickel expected to cover up its position meanwhile in energies mentha oil looking to traded in green side while crude oil prices flowing a downtrend in morning trading.
SELL GOLD AUGUST BELOW 25160 TGT 25130, 25070, 25000 SL 25350
BUY SILVER JULY ABOVE 39000 TGT 39050, 39150, 39300 SL 38570
BUY NICKEL JULY ABOVE 833 TGT 835, 838, 845. SL 820
SELL MENTHA OIL BELOW 978 TGT 975, 970, 965 SL 995