Wednesday, June 20, 2012

MCX Gold and Crude Updates (Tips and Trend) Today

Crude oil Price For Today, Gold Updates

MCX Gold is looking consolidate to positive in today's trading. As we have suggested before MCX Gold is trading in a range bond of 29800-30500. In its last 7 trading session it doesn't cross these levels. The technical report suggest that these levels can be break to upside in comming sessions. Gold may get its higher position of the month in short term trading. Although MCX gold has a resistance of 30550 with a support level of 30000 for today. We suggest to buy MCX Gold for short term trading.

MCX Crude Oil
MCX curde is faceing a huge fall after getting its all time high of 5500. Global cues are strong reason for that. Today it has just increased by 0.04 % from its last closing and trading at 4753 level. It has a strong support at 4500 and a critical resistance at 5000 for short term. The RBI policy to not to increase the import tax may help crude to get its position back. Although mcx crude oil is looking week in this scenerio. We suggest to Sell on higher level.

Copyright © MCX NCDEX Commodity Tips Design by O Pregador | Blogger Theme by Blogger Template de luxo | Powered by Blogger