Morning Latest Mcx Tips and Metal Updates

Platinum group metals climbed on Monday on supply fears from strikes in major producer South Africa,

Palladium also gained 0.5 percent to $828.70 an ounce, near a 2-1/2 year high.

Gold continued to struggle below $1,300 an ounce on Monday after ending flat for two straight weeks, but the metal could gain from developments in Ukraine

Spot gold was steady at $1,292.26 an ounce by 0022 GMT, after ending flat for a second straight week. The metal has closed between $1,291 and $1,296 in the last seven sessions.

GOLD (JUNE)

Trend: Consolidate | Strategy: Buy on dips

R1- 27650, R2- 27950| S1-26850, S2- 26450

Silver for immediate delivery traded at $19.4445 an ounce from $19.4584 on May 23, when prices slipped 0.3 percent.

SILVER (JULY)

Trend: Consolidate | Strategy: Sell on high

R1- 41950, R2- 42800| S1-40150, S2- 39180

Brent crude edged down towards $110 a barrel on Monday, dipping further from last week's two-and-a-half month high as worries over Ukraine eased slightly after its presidential election.

CRUDE (JUNE)

Trend: Consolidate | Strategy: Sell on high

R1- 6150, R2- 6230| S1-6030, S2- 5950

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