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Today MCX Natural gas on bullish side|crude fell in overseas and domestic market

Discussion in 'Forex Daily News & Outlook' started by dipali, May 15, 2013.

  1. dipali

    dipali New Member

    Nov 22, 2012
    Likes Received:
    Domestic commodity market is struggling with a bearish movement; at Multi commodity exchange market is full of red. Global market also fails to control the bearish movement of commodities. On Wednesday morning MCX gold for June delivery fail to open in positive side in this week. Today it opens at 26700 and touched an intraday low of 26406. Euro touch 6 week low against US dollar affected the Asian Market. In US market gold for June delivery fell by more than 1% to $ 1408.20 an ounce. Meanwhile MCX silver fighting with a low demand and Euro data, today at Multi commodity exchange it open at 44400 and fell to hold the positive flag after moving on upside. On intraday traded it touch a high of 44439 with a low of 43573. At multi commodity exchange no positive response had come and expected more bearish trend in evening session.
    SELL SILVER JULY BELOW 43750 TGT 43700, 43600, 43500……STOPLOSS 44000
    SELL GOLD JUNE BELOW 26470 TGT 26440, 26400, 26350……..STOPLOSS 26590

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