- Core Retail Sales m/m
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MCX Lead Trend Today: MCX lead trend on India's Domestic commodity exchange in India will remain bearish today. In fact all base metals may remain on the down side as far as intra day trend in concerned. Aluminium will be the only commodity among all that will remain on consolidate to bullish trend.
MCX Lead Support, Resistance Levels & Trading Tips for Today: MCX lead will find support at 131.4 below which it may taste the 130.9 level while it may witness resistance at 132.7 above which it may touch 133.4 level. I advice all intraday traders to to take short position in lead today below 131.50 for the Intraday target of 131.50 - 130.40.
Key Commodity Market Data to Watch Today:
Bullion Commodities Gold & Silver Tips for Today: Gold prices in the international market has surpassed $ 1320 wherein it is also getting support from the favorable domestic market conditions. The holdings of SPDR gold has once again inched up and reached to 800 ton. During the day trading sessions gold and silver will remain bullish while as the trading sessions will be progressing, both commodities may face range bound trend in the evening sessions.
Gold is likely to follow the support & resistance levels at 27,262 & 27,758 respectively while silver will find support at 44,404 & resistance at 45,336. Day Traders are advised to trade with strict trading levels.
Crude Oil Tips for Today: Crude oil trend today is bearish. U.S. Energy Department's report on crude oil is schedules today. I suggest to sell crude oil below 6185 for the Intraday target of 6145-6110.