MCX Silver Tips and Crude Oil Trend For Today

Posted by Naresh Tomar on Friday, June 15, 2012


Crude Oil Trend :- Crude oil has gone up today. MCX Crude Oil prices have been bouncing 1% Despite of strong Rupee. MCX crude oil is trading up above Rs 4,700.

In OPEC meeting has been decided not to change something crude oil production target. due to weak economic conditions and Expected to decline crude oil supply is kept stable. crude oil produced remain intact 3 million barrels per day. Although crude oil supply from Venezuela and Iran seem to fix. Elections in Greece on June 17 and FOMC meeting on next week which will see effect on crude prices.

MCX Silver Tips :- MCX silver with 0.6% up is trading at Rs 54 760. while Gold with 0.2% up is trading at Rs 30 170. MCX base metals has appreciated by 0.5% , but pressure is to find on Aluminum and Nickel.

Silver July Futures Sell - 54 800, Stoploss - 55 100, Target – 54000 - 53850.

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.
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