MCX Commodity Free Tips and Technical Analysis

Commodity Pulse

  • Soyabean market rises on short covering, open interest drops 3.19%
  • Mentha Oil market under long liquidation, open interest drops 2.85%
  • Nickel market rises on short covering, open interest drops 5.08%
  • Zinc market under long liquidation, open interest drops 2.19%
  • Copper trading range 352.8-361.2, support at 354.6

Technical Analysis

  • USD/INR likely to consolidation with north-wards bias, resistance capped at 63.70 levels
  • Gold falls sharply, Crude Oil looks to break range
  • Gasoline: looking to resistance at 10945, 19224, 19455
  • EuroStoxx positive outlook to re-target at 3616/20
  • NCDEX Soya Oil futures may upper pressure

 

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