Commodity Market Tips & Calls For Today

Precious metals were trading flat yesterday and trading with a positive bias, off a near a seven-week low hit in the previous session as Emmanuel Macron’s victory in French elections dampened the safe haven appeal of the metal. Copper prices are trading at a 4 month low after data showed a sharp drop in imports into china, feeding pessimism over demand following hefty inflows into LME inventories last week. Copper inventories in LME warehouses dipped by 3,100 tonnes on Friday, after surging by more than 100,000 tonnes in the previous three days.

GOLD (Jun)
RESISTANCE2: 28550        RESISTANCE1: 28350
SUPPORT1:28000                SUPPORT2: 27800

RESISTANCE2: 38700         RESISTANCE1: 38400
SUPPORT1: 37700                SUPPORT2: 37400
Commodity tips
Today’s Call: COPPER JUN BELOW 353 TARGETS 348 /344 STOP LOSS 357

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