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.
