MCX Tips and Trend Today - Gold, Silver, Crude Oil, Copper and Nickel

Posted by Naresh Tomar on Thursday, April 19, 2012

MCX Tips and Trend Today 19 April 12

Silver Gold Trend Today :- Declining demand for gold therefore after lower level of 2 weeks now Gold is trading at a slight edge. COMEX Gold is trading at $ 1642.35/Oz with gain of 0.15%. COMEX Silver is trading at $ 31.50/Oz with 0.3% risen. Due to the pressure in International market, domestic market gold and silver is also seeing decline. MCX Gold is trading at Rs 28 480 With 0.15%.

Silver also declined by 0.15% and the price has come down to Rs 56,000. Gold is being witnessed selling pressure. International market decline impact is seeing on domestic market. gold is not getting any support from weakness in Rupee against Dollar. MCX Silver is decline by 0.15 % and down to Rs 56,000 while Gold has come down to Rs 28,500 with fall by 0.1%.  while.
MCX Gold Tips :- Gold June Futures, Sell - 28 535, Stoploss - 28 644, Target - 28 370.

Crude Oil Trend :- After sliding 1.5% slowdown yesterday Crude Oil business remains slow.  NYMEX Crude Oil with slight edge by 0.1% has managed to get across to $ 103/ barrel. ICE Brent Crude with 0.2% up is trading at 118.30$ a barrel.  Crude Oil prices declined. MCX and MYMEX Crude Oil have selling pressure. MCX Crude Oil is trading at Rs 5370 with lethargy. United States have seen growth than expected Crude Oil reserves. At the same time Iraq has promised not to close Strait of Hormuz. MCX Natural Gas 1 per cent fall is trading at Rs 101.90.

MCX Crude Oil Tips :- Crude Oil April Futures, Sell - 5385, stoploss - 5426, Target – 5331.

Base Metals Trend :- MCX Base Metals witnessed slowdown view but aluminum has slight edge. London Metal Exchange (LME) Copper has strengthened by 0.5%. MCX Base Metals is being witnessed denies any involvement. MCX Aluminum, Copper and zinc have been strong 0.1 to 0.25%. While MCX Nickel and lead have slightly declined. 

MCX Copper and Nickel Tips

Nickel April Futures Sell - 925, Stoploss - 940, Target - 900.
Copper April Futures, Sell – 417.5, Stoploss - 420.6, Target – 412.

MCX Tips for Today

Here we daily post MCX Tips for Today for Bullion Commodity Gold Silver, Energy Crude Oil and Natural Gas and Base Metals - Copper, Zinc, Aluminum, Lead and Nickel Tips trend and trading levels for today.
Base Metals
MCX Energy
Bullion - MCX
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