Posted by Naresh Tomar on Monday, July 2, 2012
After last week's strong momentum in commodity markets this week have become sluggish. NYMEX Crude Oil sharp decline and COMEX Gold Silver is seeing weakness. Currently NYMEX Crude Oil has slipped more than 1% to $ 84/Barrel. ICE Brent crude with 1.2% decline is trading below $ 96.50/Barrel. COMEX Gold doing business at $ 1593.25/Oz level with dropped of 0.7%. COMEX Silver fall around 1% and has come at $ 27.40/ Oz. London Metal Exchange (LME) Copper has declined by 1%.
Gold August Futures Sell - 29,750 to 29,800, Stoploss – 29900, Target - 29 600.
Crude oil April Futures Buy – 4620-4630, Target – 4730, Stoploss - 4560.
Copper August Futures Buy - 425-426, Stoploss - 422, Target – 432.
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.