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MCX Tips 16 Dec, NCDEX Tips 16 Dec, Crude Oil Tips 16 Dec, Free Commodity Tips 16 Dec, MCX Commodity Tips 16 Dec, Commodity News 16 Dec.
All commodities are down, today all commodities are trading with the red points. May be the reason is down trend of stock market. Another reason is europe crisis. Rs is going downside, that is main reason for down trend in commodity market. Every commodity trading with more than 1% loss. Gold has come down to 27800 and silver has also touch the level of 53000. Our reseach report said that it is the best time to make buy position in any commodity. We suggest to buy Gold, Silver and Crude at lower levels for short term trading.
Overall trend of the Silver is bearish for medium-long term .Currently Silver is in strong downtrend with good momentum and the trend is supported with good volume The open interest is not increasing with trend .. The oscillator is showing SELL signal For short term Silver is in SELL position.
Currently Silver is in HOLD SHORT position Silver is showing some Up momentum So buy above 56315 with stop at 53732 The oscillator is showing SELL signal.
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Gold settled lower after rising more than 1 percent in the previous session, but prices held near their highest in six weeks due to Indian festival session and may be the uncertainty surrounding the euro zone debt crisis and the prospect of a Greek exit from the euro. Spot Gold is currently trading at $1760. MCX Gold Dec is currently at Rs.27950, it is trading down. Comex Silver is currently trading at $34.50 whereas MCX Silver Dec is currently trading at Rs.56706, it is trading down.
Oil traded near a three-month high in New York as signs that Europe will reach an agreement with Greece on its debt reduced concern that faltering global economic growth will limit fuel demand. WTI Crude Oil is currently trading at $93.85 per barrel. MCX Crude Oil November is currently trading at Rs.4617, it is trading up by Rs.8 for the day.
