Commodity Market is looking despair because of Federal Reserve not announced Quantitative easing 3. COMEX Gold Silver are sharp decline. International Market decline therefore domestic market gold silver are looking weak.
MCX gold with nearly 0.5% dwon is trading at Rs 30 180 while silver has nearly 1% fall to Rs 54 070. COMEX Gold 0.75% and silver declined by 1.7%. MCX crude oil slipped nearly 2% and has arrived to Rs 4560. NYMEX Crude oil with fall by 1.5% has come close to $ 80. MCX base metals have been recorded 0.5-1% decline.
MCX Tips Today
Gold Mini August Futures Buy - 30 100, Target - 30 450, Stoploss - 29 950.
Crude oil April Futures Sell - 4690, Stoploss - 4720, Target – 4620.
Aluminum June Futures Sell - 106, Target – 104, Stoploss – 107.
