Gold Silver traded flat, Crude oil, Copper, Nickel Declined, Trading Tips

Gold is trading in narrow range, weak Dollar price give support to commodity market. But in global market Gold price remain below $1200. Silver is trading dull, currently there seems no significant trigger for silver. At MCX Gold traded with 0.43% gain.

Crude oil price declined at NYMAX Crude fall 1% traded at $56 at MCX Crude oil traded at 3518.00 down 1.15ncdex maize%. Copper and Nickel are weak, Aluminum, zinc and lead prices have increased.

The price of maize also fell due to weak demand. Maize has weakened more than 1 percent. NCDEX maize price has come down to Rs 1170. NCDEX Channa has come to Rs 4050 with weakness of 1.5%.

Trading Tips

MCX Gold (June Future) Buy above 26761 Target 26818, 26875, 26976 stop loss 26660.

MCX Silver (May Future) Buy above 36611 Target 36743, 36876, 37063 stop loss 36423.

MCX Copper (April Future) Sell below 382.85 Target 381.50, 380.28, 378.86 stop loss 384.26.

MCX Nickel (April Future) Sell below 793 Target 789.76, 785.93, 782.46 stop loss 797.06.

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