After
the Government's tough stance hit the mcx commodity and ncdex
commodity market today at the worse.NCDEX Commodities Chana, mustard
and soyabeans have been dropped sharply by 1.5-3.5 percent.
At multi commodity
exchange the effect was reverse where the mcx crude oil bounced back
and made a up of 1 percent. The mcx crude oil is trading at 4980.We
expect crude oil prices to trade on a positive note on 27 July – 30
July 2012. If you have been trading in the crude oil and have some
positions we recommend you to Sell it at around 4985, with a
stop loss of 5040 & traget of 4940.
The precious metal gold is trading at
29,850 & mcx silver is at 53,450 with a sluggish mode.In today’s
session we expect precious metals to trade with upward bias.MCX Base
metals are trading with moderate losses.
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copper, crude oil, natural gas, aluminium tips, trend, news, updates,
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