Tuesday, September 25, 2012

MCX Tips and Commodity Trend For Today

Commodity Trend For Today

Spain's bailout doubts raised over the growing impact of the recession in the Eurozone is clearly visible on the international commodity markets. COMEX is sluggish on gold, crude oil slipped on the NYMEX.
NYMEX moment with a slight decline in crude oil is trading at 91.30 dollars a barrel. Brent crude on the ICE is trading at 110.20 dollars a barrel with a gain of 0.2 per cent.
Meanwhile COMEX gold is trading flat at 1766.65 dollars per ounce. The Silver is trading at $ 34 per ounce with a gain of 0.3 per cent on COMEX. Copper on the London Metal Exchange has been at 0.35 per cent.

MCX Tips For Today

  • MCX Gold (October Futures): Buy - 31300, stoploss - 31200 and the target - 31550
  • MCX Silver (December futures): Buy - 61800, stoploss - 61400 and the target - 62600


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