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%.
MCX Tips For Today
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.
