MCX
Crude oil remained at the upper levels of pressure in the commodity
market on week's opening. Crude oil is under the selling pressure in
the domestic and international market. The speed of crude oil prices
in the market has stopped now in this week. In the last week the
crude oil saw a bullish trend. Although the crude oil price at NYMEX
is above $90.Brent crude on the ICE is trading above $108. If We see
the domestic scenario of crude oil, We can clearly see that the crude
oil has dropped in Monday's Trade. Currently the crude oil is trading
at 5060. The strengthening
rupee against the dollar has affected the prices of crude oil
globally.
With
a strongness of .25 percent in the prices the mcx gold is trading at
29,970 while the silver is showing a up trend in the price. It is
trading at 53,330 with 0.1 percent sharp up.MCX Base metals are
facing a sharp decline of 0.1-0.5 percent.
Free
Commodity Trading Tips for 7 August 2012
MCX
Crude oil (August futures): Buy - 5020, stoploss- 4975 and the target
- 5105
Copper MCX (September futures): Buy - 412, stoploss of Rs - 409 Target- 416
MCX gold (October futures): Sell - 30050, stoploss of Rs - 30150 and Target - 29,900
Silver MCX (September futures): Sell - 53 450, stoploss of Rs - 53 650 and the Target - 53000
Copper MCX (September futures): Buy - 412, stoploss of Rs - 409 Target- 416
MCX gold (October futures): Sell - 30050, stoploss of Rs - 30150 and Target - 29,900
Silver MCX (September futures): Sell - 53 450, stoploss of Rs - 53 650 and the Target - 53000
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