MCX Tips Trend Today - Gold Copper and Crude Oil 21 May 12

Posted by Unknown on Monday, May 21, 2012

MCX Gold Trend :- Gold price has once again crossed Rs 29,000. Gold has come up from below Rs 1,000 after the last week fluctuations. International market gold price is near $ 1600. Domestic Market gold and silver prices is get support of Rupee weakness against Dollar . Although many experts believe that Rupee is not room for more weakness. currently MCX gold is trading at Rs 29 060 With 0.3% up. After morning fast now silver has been softening. MCX Silver has come down to Rs 54600.

MCX Gold Tips :- Gold June Futures Buy - 29000, Stoploss - 28800, Target - 29 400

Crude Oil Trend & Tips :- crude oil has gone up after last 7 days sharp decline . NYMEX Crude oil has prices above $ 92. currently MCX crude is trading at Rs 5,070 With 0.3% up.

Crude oil June Futures Buy - 5000, Stoploss – 4966, Target – 5130.

Copper Trend :- Due to weakness of Euro against Dollar, London Metal Exchange (LME) Copper price have jumped nearly 1.5%. domestic market Copper is trading up nearly 1%. China's Shanghai Futures Exchange copper is price up about 1.5%. Although base metals throughout world including Europe and China Base Metals fundamentals are still same as before. MCX Copper prices have risen to Rs 424.15.

MCX Copper Tips :- Copper June Futures Buy - 419, Stoploss – 415, Target – 429.

MCX Tips for Today

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