MCX base metals are trading in the green signals at this hour at London metal exchange.MCX Copper is trading at Rs 429.70 with a gain of 0.6 percent. Aluminum and lead gained in the 0.6-0.8 per cent. The nickel and zinc has gained more than 1 percent in today's trade.
Copper on the London Metal Exchange touched a record level of 7679
dollars per tonne, which is a record level of 1 week. The copper on
the London Metal Exchange was trading near $ 7667.Metals on the
London Metal Exchange stocks fall sharply due to seeing China's poor
PMI figures in August Metals.
However, with a decline of 0.5 percent to close at MCX gold is
trading at Rs 31,200. While silver dropped 0.1 percent to meet Rs
59,000 on down trend. At the MCX, crude oil slipped 0.5 percent and
is trading below Rs 5350.
MCX Commodity Trading Tips For 4 September
MCX Nickel (September Futures): Buy - 900, stoploss - 880 and the
target - 940
Ledmini MCX (September Futures): Buy - 109.25 stoploss - 107.75 and target - 114.75
MCX Gold (December futures): Buy - 31200, stoploss - 31100 and the target - 31400
MCX Silver (December futures): Buy - 58 900, stoploss - 58 750 and the target - 59 300
Ledmini MCX (September Futures): Buy - 109.25 stoploss - 107.75 and target - 114.75
MCX Gold (December futures): Buy - 31200, stoploss - 31100 and the target - 31400
MCX Silver (December futures): Buy - 58 900, stoploss - 58 750 and the target - 59 300
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