MCX Gold & Crude Oil Tips For Today

MCX Gold & Crude Oil Tips for Today

Crude oil has recovered strongly. ICE Brent crude rose above $ 97. Meanwhile NYMEX Crude oil stronger by 1.75%. MCX crude oil is trading at Rs 4688 with 1% up.European Union sanctions on Iran has been fully implemented. According to Goldman Sachs may see an impact on crude prices.

MCX Crude Oil Tips

Crude Oil July Futures Buy - 4715, Stoploss - 4700, Target – 4785.

Domestic Market Gold is traded with weakness . MCX Gold was down 0.25% to Rs 29 576. COMEX Gold brought up 0.8% and is close to $ 1611. International and domestic market silver is strong. MCX silver with gained of 0.5% at Rs 52 410. COMEX silver is up by 1.5% and trading close to $ 30.

MCX Gold Tips

Gold August Futures Sell - 29 525, Stoploss - 29 570, Target - 29 450.

MCX Silver & Copper Tips NCDEX Updates Today

Effect of international market crash is looking at domestic market gold and silver. gold 0.6 % and silver declined by 1% as well as NYMEX Crude oil slipped 1.2%.

MCX gold with flat is trading at Rs 29 665 while Silver business is just flat above 52,000. Crude oil slipped nearly 0.5% to Rs 4680 has arrived. Domestic Market gold and silver are not dominated by fall due to Rupee has led to weakness. Also MCX Base Metals recorded 0.25 to 0.5% decline.

MCX Tips Silver and Copper Tips

Silver September Futures Sell - 53000, Stoploss – 54000, Target - 51 500.

Copper July Futures Sell - 425, Stoploss – 430, Target – 415.

NCDEX Updates :- NCDEX Chilli is trading at Rs 4910 with 0.5% down. Soybean November futures declined by 0.5%. cotton Feb Futures has come down to Rs 980 and weak 2%. NCDEX Turmeric with strength of 0.5% is reached to Rs 4130. In addition Chana growth over 0.5% is approaching Rs 4400. 

MCX Crude Oil and Copper Tips For Today

MCX Crude Oil & Copper Tips

Crude Oil has some strength today. MCX crude oil is trading above Rs 4,600 despite of Rupee strengthening against Dollar. Due to strike in Norway there is crude oil production declined by 15%. However United States unemployment figures will also released today.

Crude Oil April Futures Buy - 4570, Stoploss - 4530, Target – 4675 – 4722.

Base metals is strong today. MCX all metals cluding Copper are trading nearly up 0.5%. London Metal Exchange (LME) Copper move is very slow.

Copper June Futures Buy - 420, Stoploss - 416.50, Target – 424.50.

MCX Crude Tips

MCX Crude Oil start with decline today. Crude oil in the domestic market with nearly 1.5 per cent is trading at Rs 5137. International market, crude oil is trading around $ 95.

MCX Crude Oil Tips

Crude oil December Futures Buy -5140, Stoploss - 5050, Target - 5300