Wednesday, August 22, 2012

MCX Tips| Commodity Tips For Today

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Commodity Tips For Today
Commodity Trend is looking bullish for Copper and Crude. Eurozone bailout package in hopes of getting out of the commodity market has returned. Comaks massive jump in gold and silver, so NYMEX crude oil is also seeing strong. Meanwhile crude oil is trading at 97.80 dollars a barrel with 0.5 per cent up on NYMEX. Brent crude on the ICE with a gain of 0.5 per cent, to $ 115.50 a barrel is exceeded. Commodity Tips for Crude oil is to make a fresh buying in crude to get 5500 level in near term. In MCX Copper it is trading on a flat mode but looking bullish for today's trading. Commodity Tips for copper is to buy on lower levels.

MCX Tips For Today

MCX Gold has once again managed to touch record levels. Futures market, gold prices have gone beyond Rs 30,400 in its last trading session. Domestic prices in the international market boom is supported. Although MCX Gold has closed at 30310 level in its last trading with a marginal loss of 8 points but yet it is looking bullish for today also. MCX Tips for Gold is to buy on lower level. In MCX Silver it has also traded on high mode and closed in a consolidate trend. MCX Silver closed on 55256 level with a small gain of 16 points yesterday. MCX Tips is to buy Silver on low.

  • MCX Tips For Gold- Buy MCX Gold October Futures above 30320, stoploss - 30190 and the target - 30440
  • MCX Tips For Silver- Buy MCX Silver September Futures above 55100, stoploss - 54900 and the target - 55500. 

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