Wednesday, September 19, 2012

MCX Tips and Commodity Trend For Today

Commodity Trend Today
Concerns about the global economy, crude oil has broken the fourth consecutive day. NYMEX crude oil prices slipped below 92 dollars too. Although gold and silver shine intact. NYMEX slipped 0.3 per cent at present, crude oil is trading at 92 dollars a barrel. Brent crude on the ICE, with 0.1 per cent is trading at 108.40 dollars a barrel. COMEX dropped 0.1 percent to 1767.50 dollars per ounce of gold is trading at. Also on COMEX slight edge with silver is trading at 34.60 dollars per ounce. Copper on the London Metal Exchange fell 0.5 percent. Commodity Trend Suggest that all commodity will trade under pressure today. But in Domestic market Gold and silver are looking to get the bullish position today as commodity trend suggest.

MCX Tips Today
  • MCX Tips For Gold (October Futures): Buy above 31950, stoploss - 31750 and the target - 32100
  • MCX Tips For Silver (December futures): Buy at 64400, stoploss - 63900 and the target - 65100.


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