Crude Oil Trend and Tips Today :- Crude Oil prices has seen drop, despite of high prices of crude oil demand is likely to rise. According to experts United States Obama government has take strict action against foreign banks that help to Iran to sell oil. Crude Oil dropped around 0.5% and it has come close to Rs 4,900. NYMEX crude oil prices remains on pressure. Crude Oil August Futures Sell -4 940, Stoploss - 4 980, Target -4 860.
MCX Gold Silver Tips
Gold and Silver are also traded weak. MCX gold with 0.30% decline is at Rs 29 670 while silver is break 0.30% to Rs 53 816. International market gold light fast while silver has seen slowdown.
Gold October Futures Sell -30 150, Target - 29 950, Stoploss - 30 250.
Silver September futures Sell -54 000, Stoploss - 54 280, Target -53 500.
Copper Tips Today :- MCX base metals are also traded with red mark. Aluminum and Zinc decline by Half per cent, while Copper Nickel and Lead has weakened around 0.5%.
Copper August Futures Sell - 421.80, Target – 418, Stoploss – 423.90.
NCDEX Agri Trend (Sugar) :- Sugar has recovered strongly today. Sugar futures market prices being seen rise 2%. However International Market Sugar is traded on declining. ICE raw sugar and LIFFE sugar prices have declined. Brazilian sugar production is projected to grow from weather improved. Domestic Market sugar prices surge is quite surprising. MCX NCDEX Free Trial