Crude
Oil Trend Today :-
MCX Crude Oil slipped 1.5% and it has come down to Rs 4,900. poor
manufacturing data from China's has increased pressure on crude oil.
NYMEX the crude oil at $ 87 and Brent Crude ICE are trading under $
102. Crude Oil is on lower level of last 7 months. This week crude
Oil have seen worst weekly decline of last 5.5 years. America's crude
oil reserves have reached record levels in 22 years. Due to rise
figures in unemployment is estimates that Crude Oil demand will be
fall. Meanwhile OPEC oil production has increased and reached to
upper end of last 4 years.
MCX
Crude Oil Tips :- Crude oil June Futures Sell – 4890, Stoploss
– 4950, Target – 4800.
Copper
Trend Today :- Base metals also declined today. MCX copper,
lead, aluminum, nickel and zinc are the weak nearly 0.5%. It is
important that this Rupee has improved a bit after show weakness.
Copper is being witnessed pressure to estimated demand will decrease.
MCX Copper price has come down to Rs 420.
MCX
Copper Tips :- Copper June Futures Sell - 421, Stoploss – 425.
Nickel
June Futures Sell - 920, Stoploss - 927, Target – 910.
MCX
Silver Tips :- Gold and silver seem pressure. International and
domestic market bullion trading on decline although MCX gold prices
remain above weak Rs 29,000 and COMEX gold has up to $ 1,560. MCX
Silver fall around 1% and is trading at Rs 53 720.
MCX
Silver July Futures Sell - 53 500, Stoploss - 53 800, Target - 53
150.
