Crude Oil Trend Today :- Crude Oil has seen sharp decline today. MCX crude oil prices 2% dropped has come down to Rs 4,600. crude oil prices remains on pressure due to in meeting of Federal Reserve no announced Qi 3. United States have seen huge gains in crude oil reserves. United States crude oil stocks record rose last 22 years in week. NYMEX Crude oil dropped 1.30% is trading at $ 80/ Barrel.
Base Metals are traded with decline. Copper and Nickel were down 1% while lead and zinc are seeing decline of 0.5%. Aluminum recorded weakness of 0.20%.
Bullion Gold Silver Trend :- Federal Reserve decision effect also being seen on gold and silver prices. domestic market gold broken Half per cent while silver dropped 1% is trading at Rs 54,000. International market Gold Silver has declined strongly.
MCX Gold Silver Tips Today
Gold August Futures Buy Rs -30 150, Stoploss - 30 050, Target -30 207.
Silver July Futures Buy - 54 000, Stoploss - 53 800, Target - 54 680.
NCDEX Commodity Trend :- Oil seeds declined today. NCDEX Mustard and Soybean prices have dropped around 1-1.5%. International market Mustard and Soybean seen selling pressure . While in country this year cultivation of oil seeds reduction by 30%. Sugar July futures have been up to Rs 2,900. international market sugar prices stand fast. Although sugar production level is projected to decline.
Cumin July Futures Sell -13 600, Stoploss -13 750, Target - 13 300.
Black Pepper June Futures Buy - 40 050, Stoploss - 38 700, Target - 41 000.
Sugar July Futures Buy RS -2 905, Stoploss - 2 900 , Target -2 920.