MCX Crude Updates:
Crude oil has come under pressure again.On MCX, crude oil is in the dull position despite the weakening rupee.On Nymex the crude oil is at low of last 8 months while at ICE Brent crude is at the 16 months low. Today the Federal Reserve Bank's meeting started which caused the crude to go under pressure. MCX crude oil is trading at Rs 4660 with lethargy.
MCX Gold Updates:
Indian gold extended gains for an eighth session running to hit a record high on Tuesday. On MCX gold was 0.30% higher at Rs 30,402 per 10 grams, after hitting a peak of Rs 30,428 earlier in the day.
MCX August : Intraday Levels are: Resistance at 30450/30600, Support: 30160/29950
MCX Silver Updates:
Silver is also a strong trend. Rs 55,000 with a gain of 0.25 per cent silver on MCX is trading up.
MCX Trading Strategies For today 20 June 2012
Buy MCX Gold above 30450, Stop loss 30350, Target 30550
Buy MCX Silver above 55000, Stop loss 54700, Target 55300.
Buy Lead above 106.20, Stop loss 105.80, Target 106.60.
Buy MCX Crude oil above 4730, Stop loss 4700, Target 4760.
Buy MCX Nickel above 937, Stop loss 930, Target 944.
Crude oil has come under pressure again.On MCX, crude oil is in the dull position despite the weakening rupee.On Nymex the crude oil is at low of last 8 months while at ICE Brent crude is at the 16 months low. Today the Federal Reserve Bank's meeting started which caused the crude to go under pressure. MCX crude oil is trading at Rs 4660 with lethargy.
MCX Gold Updates:
Indian gold extended gains for an eighth session running to hit a record high on Tuesday. On MCX gold was 0.30% higher at Rs 30,402 per 10 grams, after hitting a peak of Rs 30,428 earlier in the day.
MCX August : Intraday Levels are: Resistance at 30450/30600, Support: 30160/29950
MCX Silver Updates:
Silver is also a strong trend. Rs 55,000 with a gain of 0.25 per cent silver on MCX is trading up.
MCX Trading Strategies For today 20 June 2012
Buy MCX Gold above 30450, Stop loss 30350, Target 30550
Buy MCX Silver above 55000, Stop loss 54700, Target 55300.
Buy Lead above 106.20, Stop loss 105.80, Target 106.60.
Buy MCX Crude oil above 4730, Stop loss 4700, Target 4760.
Buy MCX Nickel above 937, Stop loss 930, Target 944.
Buy MCX Copper on dips at 419, Stop loss 417, Target 421