Tuesday, August 28, 2012

MCX Tips For Gold, Silver and Crude| Copper Updates

MCX Gold Silver Tips

There is a lot of pressure of profit in gold and silver due to fluctuation in price. Investors are having a mind set to sell precious metals on higher values. MCX gold has come down to Rs 31,000, 0.5 per cent down. While MCX Silver is trading at Rs 57,600 level with 0.7 per cent down. COMEX has face a fall of 0.7 to 1 per cent in gold and silver. In MCX Gold intraday weakness likely to persist only by solid trades below 30740 region with an objective of 30670/620 followed by 30480.Anyhow, surprise rise above 30920 region could push prices towards 30980 followed by 31080 region. MCX Gold Tips are to sell on higher level to grab up your profit. MCX Silver Choppy with mild negative bias session inside 56600-58500 levels are expected for the day. Any of the side break out would suggest fresh directional moves. MCX Silver Tips are also suggested to sell on higher levels.

MCX Tips For Crude

Strong trend is looking in crude oil. MCX crude oil is trading at Rs 5358, 1 percent higher then its previous close. While 0.6 per cent of crude oil in the international market and the price level of $ 96. Meanwhile NTMEX slipped 0.5 per cent to $ 96 per barrel of crude oil is level. Brent crude on the ICE is trading at 112.20 dollars a barrel with a decline of 0.3 per cent. MCX Tips for Crude is to Buy on lower levels.

Copper Updates

Copper updates for today is copper has a very consolidate trend on MCX. In last trading session it was down by 0.34 per cent at 425 levels. All base metals except aluminum looks weak. Nickel, copper, lead is in the 0.7 to 0.3 per cent. Zinc is flat. Aluminum has gained 0.5 per cent. MCX Copper will get a bullish trend if it cross the 430 level today else below the 420 level it would be in a bearish mode. Copper Updates are to sell on higher levels.

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