MCX Commodity Tips For Today
Today is the expiry of most commodities which means those commodities will trade on a negative bias. This factor has shown its effect now. Yesterday gold, silver, copper, aluminium and crude was in red position. Trader are try to get profit via selling these commodities on higher price. That means the buying pressure will attract traders after expiry.
MCX Gold Tips:
MCx gold is looking weak in its last trading session. It was down by 1.13 per cent and closed its trading at 29658. It has a strong support at 29200 levels. We suggest to sell MCX Gold Aug at higher levels.
MCX Silver Tips
MCX silver is also facing a negative trend since last 7-8 trading sessions. Yesterday it has checked 51000 levels and closed trading at 51786 down by 1.86 per cent. A selling is recommended below 51500 levels to get the target of 50200 levels.
MCX Copper Tips
Copper is in a full bearish trend in this whole month. But in its last trading session it has touch 420 levels. It shut stop at 422 down by 0.47 per cent. Looking down for today's trading session. Sell MCX Copper on higher price.
Today is the expiry of most commodities which means those commodities will trade on a negative bias. This factor has shown its effect now. Yesterday gold, silver, copper, aluminium and crude was in red position. Trader are try to get profit via selling these commodities on higher price. That means the buying pressure will attract traders after expiry.
MCX Gold Tips:
MCx gold is looking weak in its last trading session. It was down by 1.13 per cent and closed its trading at 29658. It has a strong support at 29200 levels. We suggest to sell MCX Gold Aug at higher levels.
MCX Silver Tips
MCX silver is also facing a negative trend since last 7-8 trading sessions. Yesterday it has checked 51000 levels and closed trading at 51786 down by 1.86 per cent. A selling is recommended below 51500 levels to get the target of 50200 levels.
MCX Copper Tips
Copper is in a full bearish trend in this whole month. But in its last trading session it has touch 420 levels. It shut stop at 422 down by 0.47 per cent. Looking down for today's trading session. Sell MCX Copper on higher price.
