MCX Commodity Tips Bullion Metal Tips News & Strategy (Monday-13 June):-
Bullions:Bullions may open on negative note. Spot Gold was steady on Monday, after slipping almost 1% in the previous session.
Base metals:Base metals may continue last week losses due to strong dollar index and weak import data from China.
Energy:Crude oil may tumble further lower amid selling pressure. Oil declined for a second day in New York before reports that may show slowing economic growth in the U.S. and China, curbing fuel demand in the world`s two largest crude consumers.
MCX Commodity Tips:-
COPPER FUTURE 30 June -
Buy Above-404.1 for TGT1 At-406.6 TGT2 At-410.4 TGT3 At-416.6 with SL-401.3
COPPER FUTURE 30 June -
Sell Below-401.3 for TGT1 At-400.5 TGT2 At-396.6 TGT3 At-390.5 with SL-404.1
CRUDE OIL FUT 20-JUNE
Buy Above-4483 for TGT1 At-4535 TGT2 At-4618 TGT3 At-4752 with SL-4424
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Sell Below-4424 for TGT1 At- 4401 TGT2 At-4318 TGT3 At-4206 with SL-4483
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