MCX Tips and Trend Today 19 April 12
Silver
Gold Trend Today :- Declining
demand for gold therefore after lower level of 2 weeks now Gold is
trading at a slight edge. COMEX Gold is trading at $ 1642.35/Oz with
gain of 0.15%. COMEX Silver is trading at $ 31.50/Oz with 0.3%
risen. Due to the pressure in International market, domestic
market gold and silver is also seeing decline. MCX Gold is trading
at Rs 28 480 With 0.15%.
Silver also declined by 0.15% and the price
has come down to Rs 56,000. Gold is
being witnessed selling pressure. International market decline impact
is seeing on domestic market. gold is not getting any support
from weakness in Rupee against Dollar. MCX Silver is decline by 0.15 % and down to Rs 56,000 while Gold has come down to Rs
28,500 with fall by 0.1%. while.
MCX
Gold Tips :- Gold June
Futures, Sell - 28 535, Stoploss - 28 644, Target - 28 370.
Crude
Oil Trend :- After
sliding 1.5% slowdown yesterday Crude Oil business remains slow.
NYMEX Crude Oil with slight edge by 0.1% has managed to get across
to $ 103/ barrel. ICE Brent Crude with 0.2% up is trading at
118.30$ a barrel. Crude Oil prices declined. MCX and MYMEX
Crude Oil have selling pressure. MCX Crude Oil is trading at Rs 5370
with lethargy. United States have seen growth than expected Crude Oil
reserves. At the same time Iraq has promised not to close
Strait of Hormuz. MCX Natural Gas 1 per cent fall is trading at Rs
101.90.
MCX
Crude Oil Tips :- Crude Oil April Futures, Sell - 5385, stoploss -
5426, Target – 5331.
Base
Metals Trend :- MCX Base Metals witnessed slowdown view but
aluminum has slight edge. London Metal Exchange (LME) Copper has
strengthened by 0.5%. MCX Base
Metals is being witnessed denies any involvement. MCX Aluminum,
Copper and zinc have been strong 0.1 to 0.25%. While MCX Nickel
and lead have slightly declined.
MCX
Copper and Nickel Tips
Nickel
April Futures Sell - 925, Stoploss - 940, Target - 900.
Copper
April Futures, Sell – 417.5, Stoploss - 420.6, Target – 412.
