Posted by : Niti Mathur
Talking about Bullion both precious metals gold and silver are facing a bearish trend. The price of gold may be slumping, but central banks are not keen buyers as of now, if the latest data from IMF is anything to go by. MCX Gold has strong resistance at 27716 for today, if Gold rush through this level then it may get the 28053 level today and on the down side a possible support level is looking in a range of 27012-26786. On the other has the white metal Silver has also a bearish trend with a strong support level at 40449 and it looking to get 39742 level if it cross its resistance level. However MCX Silver has a resistance at 42444 and 43336 level. As MCX Tips For Today we suggest to sell Bullion Metals on higher level for today's trading.
We anticipate that Crude price will trade on the negative note on the back of mixed trend from international market. Further, weak financial data from China and US might include downside force the costs. Notwithstanding, ascent in stresses over supply disturbance because of progressing agitation in Middle East as well as shortcoming in DX might pad sharp succumb to the price. In the Indian Markets, gratefulness in the Indian Rupee might include downside force the costs. Overall MCX Crude has consolidate to bullish trend with resistance level at 6366 and 6469 and support level at 6188 and 6096 level. For Today We suggest to Buy MCX Crude on lower levels as today's Crude Tips.