Thursday, September 13, 2012

MCX Tips and Commodity Trend For Today

Commodity Trend

Crude oil has ceased to move. FOMC evening to support a vital part of the economy could be announced. Well if you look at the timeline Qi 3, when the Federal Reserve is declared like this, crude oil has risen strongly. Came in 2008 when Qi -1, crude was $ 40. 22 November 2010 at the Qi crude at $ 65 and now the price is above $ 110. Crude oil is looking consolidate to flat for today in its commodity trend.

In Base Metals, Copper today is showing good growth. MCX Copper has gained 0.5 percent. The price of copper on the London Metal Exchange has risen to $ 8,100. Expectations in the euro zone grew by German court ruling which found support copper on the LME. Copper trend is looking positive at the moment.

Today is the first move of gold and silver. Business is extremely weak. However, little support in the domestic market remains weak Rs. Currently, with a gain of 0.25 per cent on MCX gold is trading at Rs 31 945. With a gain of 0.15 percent while silver is trading around Rs 63400. MCX bullion trend is looking consolidate to positive due to its international updates.

MCX Tips

MCX Tips for today are- Gold is looking good at the moment and may touch the 32000 level again in today's trading. MCX Tips for gold is to buy on lower level. While silver is facing a down trend today, will be better to sell silver below 62950 level as MCX Tips for Today

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