Posted by : Niti Mathur
Commodiy Trend Today
The Trading pattern in gold futures for August delivery is looking in a bearish face today on MCX is negative on selling pressure and brokers are encouraged to take short position for the day.For intra-day trading, Support for the Gold is seen at 28000 and 27790 levels while Resistance levels range is been looking in 28700-28990 levels. MCX gold futures for August delivery was seen dealing around 0.84% at Rs. 28190 for every 10 grams starting 06.09 PM on Wednesday. On Thursday morning, gold developed its increases moving its misfortune recorded in the prior sessions. Then again, toward the evening the yellow metal has altered its course on offering force and recorded a decay.
While MCX silver is also down by 0.5 per cent to Rs 41350. MCX crude oil is trading around Rs 6430 down by 0.3 percent of the previous close. Natural gas was down 0.5 per cent and trading at Rs 210.
MCX base metals are looking down by 0.2-0.4%. Copper is down 0.2 per cent trading at Rs 421. Aluminium is down by 0.4%, 0.25 per cent nickel, lead and zinc by 0.3 per cent to 0.2 per cent has weakened.
Commodity Tips Today
All commodities are looking in a bearish trend for intraday trading today. We suggest to sell Bullion on higher levels. We suggest to sell Bullion on the Current level and hold the base metals till their support level. For sure shot tips Please fill the trial form.