MCX Crude oil Tips
Trend & Updates for Today 19 July2012
After touching the upper end of 7 weeks, crude oil is
going to see selling pressure today. Slowdown is witnessed in the
domestic market in crude oil trading.Now the price of crude oil is
above the 4900 level.NYMEX crude oil price is above $89. & Even
Brent crude oil is trading above $104. The crude oil prices gained
in the last couple of weeks which wend down today.Mixed trading in
base metals is being looked in the market. We advocate to go for
buying side in MCX Crude oil at around 4860 Stoploss-4,810
Target-4,930. Europe's debt crisis and waning growth in the U.S. and
China have added to expectations of weak demand for crude, pulling
down the oil price.
MCX Gold Silver Trend, Support &
Resistance for Today 19 July 2012
In domestic market at multi commodity
exchange the precious metals gold and silver are trading with
moderate losses. MCX gold is trading at 29,300 with weakness in the
prices by 0.20% while the silver at MCX India is trading at 52711 by
slipping 0.35 percent. Global trend of Gols & Silver is down
side. Hence We advice you to go with following trading tips for gold
and silver today.
MCX GOLD & SILVER SUPPORT & RESISTANCE LEVEL FOR TODAY 19 JULY 2012
Gold
(August futures) MCX: Buy Rs -29,180, Stoploss-29,040 Target-29,300
Silver (September futures) MCX: Buy Rs -52,750, Stoploss-52,496 Target-52,212
Silver (September futures) MCX: Buy Rs -52,750, Stoploss-52,496 Target-52,212
Everyone is trying to trade more and more in commodities and we are watching that more and more people are shifting into commodity market. But trading in commodities involves huge risks. So we provide the solution and advice for trading in during market hours. We provide 90% accurate tips of commodity market.
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