Silver
futures decline on sluggish demand:- Prices
of silver commodity faced a down fall on friday's trade. The mcx
silver fell by Rs. 117. Current market price of Silver till the time
was 53,557
per kg in Futures trading. It happened just because of the minimized
position by the traders and investors.
MCX
Silver Delivery September Contract Trend:- September
contract of silver indelivery at MCX declined by 0.22 percent while
the contract of December month slipped by around 0.21 percent.
MCX
Copper Trend Today:-
Copper at MCX traded in red signal on Friday. The changes in the
monetary policy of China & Britain caused the demand of copper at
low level.At London Metal
Exchange
copper was down by 0.5 percent to $7,654.25 per tonne.At MCX the
copper is weakened by 0.2-0.4 percent.
MCX
Crude Oil Trend Today:- Is
has been observed on Friday's trade that once again the mcx crude oil
prices are under market pressure. Instead of weakndend rupee against
the US dollar the prices of mcx crude oil slipped by 1 percent.
Currently the crude oil is trading below the price level of 4800.
MCX
Nickel Future Trend Today:- Nickel
at mcx moved to the price level of 936.80 per kg in futures trading
on Friday. Nickel almost declined by 0.12 percent.weakening global
trend of this base metal enforced it to go down in the trade.
International
market slowdown is imposing the gold and silver to trade in red
signals today. The gold at mcx is showing a down trend. The domestic
gold prices fell by 0.5% and trading at 29,600 while the silver is
trading at 53,500 with a down of 0.5%.
Experts
Recommendation for trading in commodity market:-
Sell
MCX Gold at 29660
Place a stop loss of 29720, & Target between 29450-29400.
Sell
MCX Copper
at 429, with Stop loss of 431 and Target of 426-425.
FILL
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