MENU

Published on 7/06/2019 11:19:58 AM | Source: Hem Securities Ltd

Commodity Technical Outlook 7 June 2019 - Hem Sec

Posted in Commodities Reports| #Commodity Tips #Hem Securities Ltd

Now Get InvestmentGuruIndia.com news on WhatsAppClick Here To Know More

GOLD MCX Future Aug CMP: Rs. 32702 (0.30%)

With the positive job data, rate cut and postponement of tariffs on Mexico, the commodity was likely to saw a downward trend in the intraday session. Though the positive sentiments of are still intact on long term basis and buying on dips is still advised. Support can be seen at Rs. 32640 & 32600 whereas resistance at Rs. 32820 & 32950.

 

COPPER MCX Future June CMP: Rs. 407.80 (0.44%)

The commodity saw some resurrection from the weekly support levels and bounced back in the previous trading sessions. Though bullish run is still not confirmed as it faced resistance just above the current levels. Support can be seen at Rs. 4096 & 404 whereas resistance at Rs. 408.50 & 410.

 

Recommendations

 

Sell Coriander Below @ 6850 Stop Loss 7015 Target 6580

Sell Natural Gas Below @161.80 Stop Loss 163.30 Target 160.30-158

 

To Read Complete Report & Disclaimer Click Here

 

For More Hem Securities Ltd https://www.hemsecurities.com/page/disclaimer SEBI Registration No- INH100002250

 

Views express by all participants area for information & acadamic purpose only. Kindly read disclaimer before refering below views. Click Here For Disclaimer