Posted by : Niti Mathur

Commodity Tips
Crude Updates

Us Crude Oil climbs on decrease in stock-heaps, Middle East pressures. WTI Crude futures climbed above $101 for every barrel on Thursday after Us crude oil stock-heaps recorded a higher than needed decrease. crude oil costs in the worldwide market likewise upheld by enduring political strains in the Middle East. US crude oil futures for August conveyance on NYMEX was seen exchanging up by 1.81% at $101.41 for every barrel starting 10.25 Am Ist on Thursday.brent crude for August conveyance on NYMEX was seen exchanging around 0.17% at $105.55 for every barrel starting 10.24 Am Ist on Thursday. US Market crude oil inventories (prohibiting those in the Strategic Petroleum Reserve) diminished by 10.3 mn barrels as on 28 June from the past week. 

Commodity Tips Today

  • MCX Gold trend suggest that prices have breached the crucial resistance of 26000 levels. RSI is in a sell mode. We expect prices to go up to levels of 26100 today. Expert say that Sell MCX Gold on Higher levels.
  • Silver current trend suggest that prices have breached the crucial resistance of 40700 levels today. Now its time to move back with a sell position, Silver trend is in Sell mode. We expect prices to go up to levels of 40000 today
  • Crude Oil Trend suggest it will show its strength in evening session today, However it is down by 20 points and trading at 6019. We suggest to Buy Crude oil on Dips Today

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