Wednesday, August 22, 2012

MCX Tips|MCX Trend For Gold Silver|Crude Copper Updates

MCX Gold Silver Trend

Gold has once again lent his tone. Futures market, gold prices have reached record levels of Rs 30 440. But this year has reduced demand for gold. Currently, about 0.5 per cent on MCX gold is trading at Rs 30 425 with a gain. While silver is trading at Rs. 55450 with a gain of about 0.5 per cent. MCX Gold is looking more positive in its technical report. MCX Gold trend is bullish for today. MCX Silver is also trading on Green side. Silver is facing a downtrend on COMEX but find a bullish trend in Domestic market. MCX Silver trend is also bullish for today.

Copper and Crude Updates

MCX crude oil is trading around Rs 5370 slipped 0.3 percent. Natural gas is trading at Rs 156.60 gained 0.5 per cent. MCX base metals are seeing 0.3-0.8 per cent positive at the moment. Commodity Trend for Crude and MCX Copper is looking bullish today.

MCX Tips

  • MCX Tips For Gold is to Buy Gold October Futures above 30350 level, with a stoploss of 30200 and the target of 30600.
  • MCX Tips For Silver is to Buy Silver September Futures above 55200 level to get target of 56000 with a stoploss of 54800.

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