Showing posts with label Commodity Calls. Show all posts
MCX Tips: Commodity Market is bearish Today
Commodity Market is bearish Today
As the currency updates suggest that Rupee open on a weaker note today against the US dollar. All commodities are also following the same trend now. Talking about bullion Gold silver both are looking down for intraday trading. MCX gold has crossed its support level at 27700 level. While silver has checked 41000 level today. Talking about base metals all are trading in red. Silver is trading sideways to bearish and traders are advised to book profit in narrow range for the day.
MCX Tips and Calls
MCX Gold Tips: Sell below 27550 level with a stop loss at 27700 levels for targets of 27100.
MCX Silver Tips: Sell at 40900 level for the target of 40000 level with a stop loss above 41500.
Crude Oil Call: Sell crude oil below 6450 with a stop loss at 6520 level for targets of 6340.
MCX Copper Call: Sell MCX Copper at 428 for the target of 424 level with a stop loss at 431.
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MCX Tips and Call Today with Commodity Updates
Commodity Updates
Gold price universally are prone to climb as a weaker dollar can back costs. Then again, moderating request from India and proceeded surges from ETF's can keep costs in reach.
We anticipate that Crude oil costs will venture out in front of inventories information and US corporate profit without much fanfare.
Base metals are relied upon to go up on desires of additional changes by China in its duty to depend less on fares and ventures and depend progressively on utilization driven development. In any case, moguls might remain wary in front of China, US and Euro assembling PMI information tomorrow
MCX Tips and Call for Today:
MCX Copper Tips: Buy MCX Copper by maintain a stop loss for this trade at Rs 416 for a target of Rs 422.
Crude Oil Call: Sell MCX crude and keep a stop loss for this trade at Rs 6550 for a target of Rs 6390-6350.
MCX Gold Tips: Hold MCX gold with a stop loss of 27800. For More Please Fill Free Trial Form.
Posted by Unknown