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    • Intraday & Future Trading Tips : MCX NCDEX

    Posted by Commodity Tips India
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    MCX Crude Oil Updates:- Crude oil taking the global cues is trading in the red signals. International market is facing a selling pressure in the energy commodity crude oil. At moment the crude oil in domestic market Multi Commodity Exchange of India is trading below 5000 after a sharp decline. If we see the weekly trend of the crude oil, We may see that it has been slipped around 9 percent in a week. Current Market price/Rate of Crude oil is 4990.

    Why There is a sudden Decline in the Crude oil ?

    Actually this is not the domestic effect but it is the impact of international commodity market. The storage of crude oil in the US Reserve has been increased. Poor manufacturing data in China as well has affected the crude oil prices.

    MCX Gold Silver Updates:- After decline of 0.5 percent the gold at MCX is trading at the current price of 31845. Silver also fell down in the domestic market and has come down to the level of below 64000. MCX base metals have seen a weakness of around 1-1.5 percent. Copper is trading at Rs. 451 with a fall of 1.5 percent.

     MCX NCDEX Intraday Commodity Tips For Next Session

    MCX Silver (December futures): Buy - 64250, stoploss - 63 850 and the Target - 64 950

    Natural Gas MCX (September Futures): Buy - 153, stoploss - 150 Target - 158

    MCX Mentha Oil (September futures): Sell - 1200, stoploss - 1240 and Target - 1100

    Soyatel NCDEX (October futures): Sell - 740, stoploss - 752 and the Target - 720


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