MCX Crude Oil Trend:- Crude oil at MCX is expected to continue trade at the lower levels. The decline will continue it;s path today also.Domestic market witnessed a sharp down of around 1.5% in the mcx crude oil. Decline in the international market and weak rupee caused the pressure in the prices of base metals. MCX Crude oil is trading at the current market price of Rs. 4530.
MCX Gold Silver Trend:- Due to Strengthening of the rupee against the dollar made the gold in the domestic market is increasingly looking at Braille.Although the gold in the domestic intraday market trading declined by Rs. 250 but later the weakening in the rupee supported the gold in the market.Currently gold is trading at 29,890 with a fall of 0.3%.MCX Silver is trading at 52,615 with a fall of 0.5%.
MCX base metals but is now down deeper. MCX Nickel and lead to a decline of 1 per cent. The Copper, aluminum and zinc are seeing the weakness of nearly 1 per cent.
MCX Trading Tips for today 26 June 2012
MCX gold (August futures): Sell - 29900, stoploss of Rs - 30 100 and the target - 29 500
MCX Crude oil (April futures): Sell - 4570, stoploss of Rs - 4615 and the target - 4498
MCX Gold Silver Trend:- Due to Strengthening of the rupee against the dollar made the gold in the domestic market is increasingly looking at Braille.Although the gold in the domestic intraday market trading declined by Rs. 250 but later the weakening in the rupee supported the gold in the market.Currently gold is trading at 29,890 with a fall of 0.3%.MCX Silver is trading at 52,615 with a fall of 0.5%.
MCX base metals but is now down deeper. MCX Nickel and lead to a decline of 1 per cent. The Copper, aluminum and zinc are seeing the weakness of nearly 1 per cent.
MCX Trading Tips for today 26 June 2012
MCX gold (August futures): Sell - 29900, stoploss of Rs - 30 100 and the target - 29 500
MCX Crude oil (April futures): Sell - 4570, stoploss of Rs - 4615 and the target - 4498