Posted by : Niti Mathur

Crude Oil CallCrude Oil Call For Today

Crude is prone to rupture contract high in today's trades that is situated at Rs 6927 on MCX. The costs shut at Rs 6868 Yesterday. The Support level for crude oil is at Rs 6835 and 6818. The volumes have seen a minor dunk in final session to 80236 kgs. Open investment was at 38551 relentless from a week ago. If crude will get the 7045 level in today's trading then we can see 7200 level in tomorrow's session. For Today we suggest to wait for the 7045 level then only Buy MCX Crude oil for the Target of 7180-7200.

Commodity Updates (Evening)

Bullion metals are in perfect bullish trend due to a stronger trend in USD. Comex gold has got 1400 mark today. As the resulted MCX Gold has also breached the 32850 level as day's high. All Commodities are in full bull trend. We suggest to Buy Gold and Silver for 2-3 days trading.

Technical Levels For Gold: MCX Gold has strong support at 32300 level and after that 32000, while a resistance level can be in a range of 33100-33300.
Technical Levels For Silver: MCX Silver has a strong resistance at 56000 for intraday trading and a support level at 54800 on down side.

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