Our "Commodity Tips" Experts suggests to buy copper contract on the MCX suggests buying at around Rs 427.78-428.78 per kilogram levels on the MCX Copper with a stop loss to be placed
at around Rs 422.45 per kilogram and the targets in the range of Rs 434.78-435.47 per kilogram levels.MCX Silver has a major support at Rs 55,258 per kilogram and if prices are able to break these levels after this a sharp correction can be seen till Rs 53,210 per kilogram and recommends Rs 55,741.3-55,900 per kilogram levels as for sell having stop loss to be placed at 56,300 per kilogram for the downside target of Rs 55,231 per kilogram and below that Rs 54,600 per kilogram in next two days.
MCX Crude Oil trade in the range of Rs 5,462.78-5,540 per barrel and high strong resistance near the Rs 5,521 per barrel mark. Hence traders can go short for this commodity at current levels and rally to Rs 5,521 per barrel with stop loss above Rs 5,537 per barrel for a downward target objective of Rs 5,444-5,400 per barrel.
MCX Gold prices have inched higher in lines and the prices are having strong resistance around psychological Rs 29,027 per 10 grams levels and suggest for buy gold on moves above Rs 29,214 per 10 grams with a stop loss of Rs 28,828 per 10 grams and a target of Rs 29,501per 10 grams.
For Natural Gas only check above 111.45 sharp move and made a high 121.48 Time is for to change the trend and above 111.45 no need to sell.
