Life @ TradeIndia Research

Thursday, 22 December 2016

MCX- Gold, Silver, Crude, Copper, Jeera Trading Call for Today

Gold prices remained under pressure as a firm U.S. dollar and the possibility of further U.S. interest rate hikes next year continued to weigh.

MCX Free Tips includes intraday mcx gold, silver, base metal and  energy calls with premium and inventory calls.

Gold trading range for the day is 26821-27291.

Silver prices dropped tracking weakness in base metals and crude oil prices as a leading dollar index revived its run to fresh 14-year highs.

Silver trading range for the day is 38626-40020.

mcx free tips

Crude oil dropped as prices declined after data showed a surprise increase in U.S. crude supplies last week.

Crude oil trading range for the day is 3500-3702.

Copper remained under pressure from worries about an oversupplied market and funds cutting bets on higher prices over coming days.

Copper trading range for the day is 372.5-379.9.

Zinc dropped on the concerns about excess supply and pressure seen after China's zinc smelters are accepting record low fees to produce metal amid a shortage of ore.

Zinc trading range for the day is 173-180.4

Nickel dropped tracking weakness from LME Nickel as supply-side issues in Indonesia and the Philippines have again taken centre stage in the nickel market.

Nickel trading range for the day is 723.3-750.1.

Jeera prices settled flat on reports of good sowing progress in the producing regions

Jeera trading range for the day is 16965-17465.

Turmeric prices gained on short covering after prices dropped on medium and poor quality arrivals from the producing belts.

Turmeric trading range for the day is 6696-6972.

Mentha oil spot at Sambhal closed at 1130.20 per 1kg. Spot prices is up by Rs.25.40/-.

Mentha oil trading range for the day is 1018.7-1063.7.


BELOW 286.00
TARGET1 -285.00
TARGET2 -283.30
STOPLOSS -289.00.


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