MCX Gold Silver Crude Copper Nickel Natural Gas Tips Targets & Trends Today 20 June :The Multi Commodity Exchange (MCX), COMDEX opened negative after a rise of 0.50% on Tuesday. It is currently trading higher by 6.10 points, MCXMETAL is trading downward by 4.79 points, or 0.10%, at 5,000.63 after opening at 5,004.79. Precious metals are trading higher on COMEX today.
We expect prices to trade higher for the day on account of hopes that the U.S. Federal Reserve may extend its long-term bond-buying program. Industrial metals are trading lower on International bourses today.
We expect prices to trade lower for the day on account of lingering worries Spain's debt problems. Crude oil is trading marginally lower on NYMEX today. We expect prices to trade lower for the day on account of International markets worries.
1> Gold (Aug) Buy Around-30200 Target1-30280 Target2-30360 Stop Loss-30145
2> Silver (Jul) Buy Around-54350 Target1-54700 Target2-55100 Stop Loss-54230
3> Copper (Jun) Buy Above-424.5 Target1-427 Target2-430 Stop Loss-422.2
4> Nickel (Jun) Sell 962-965 Target1-948 Target2-934 Stop Loss-970
5> Crude oil (Jun) Sell 4760-4770 Target1-4700 Target2-4620 Stop Loss-4780
6> Natural gas (Jun) Buy 142-143 Target1-147.5 Target2-152 Stop Loss-140
1> Gold (Aug) Buy Around-30200 Target1-30280 Target2-30360 Stop Loss-30145
2> Silver (Jul) Buy Around-54350 Target1-54700 Target2-55100 Stop Loss-54230
3> Copper (Jun) Buy Above-424.5 Target1-427 Target2-430 Stop Loss-422.2
4> Nickel (Jun) Sell 962-965 Target1-948 Target2-934 Stop Loss-970
5> Crude oil (Jun) Sell 4760-4770 Target1-4700 Target2-4620 Stop Loss-4780
6> Natural gas (Jun) Buy 142-143 Target1-147.5 Target2-152 Stop Loss-140
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