Despite of slowdown in International Markets, Domestic commodity Markets continues to stand fast. MCX Gold – Silver is looking up. However COMEX Bullion light declined. NYMEX Crude oil slipped 0.3% and arrived at 92.3 % / barrel.
MCX Gold is trading at Rs 28 710 With gain of 0.5%. Silver is looking strong about 1% and price has risen to Rs 53 620. MCX crude oil is trading at Rs 5060 With up by 0.5. MCX base metals have been strong by 0.5 %.
MCX Tips Today 18 May 12
Gold June Futures, Buy - 28 220, Stoploss - 28 170 , Target - 28 600.
Silver July Futures, Sell - 53400, Stoploss - 53 600, Target - 52 600.
Copper June Futures, Sell – 424, Target – 418 – 415, Stoploss - 428.
Crude Oil May Futures, Sell – 5125, Target – 5020, Stoploss – 5145.
