Gold Trend :- World Gold Council has also put his seal on decreased Gold demand in India. Now China Gold demand highest than India. According to World Gold Council during April and June India Gold imports have been reduced to 56%. India Gold demand declined by 38%. India's Gold jewelery consumption is decreased about 30% due to high Gold prices not only Gold investment demand also has declined by 50%. World Gold demand has seen reduction. World Gold Council claims that during April - June world Gold demand decline by 23%. However Chinese Gold demand is decline low. World Gold Council claiming that China will become the world's largest Gold consuming country.
MCX Gold Tips :- MCX Gold with strength of 0.3% is close to Rs 30 100 while silver is trading at Rs 53 580 with 0.3% jump. Gold October futures Buy - 29 930, stoploss - 29 802, target - 30 170.
Crude Oil Trend Today :- Crude Oil has recovered strongly. MCX Crude Oil is trading above Rs 5,200. After the upper level of 3 months in international market now Crude Oil is seeing on selling pressure but NYMEX Crude Oil still on $ 94 and ICE Brent Crude is trading above $ 115. United States Crude Oil reserves has decreased nearly 37 million barrels while consumption has reached height of more than 9 months. MCX Natural gas slipped 2% and has come down to Rs 156. MCX Tips Free Trial
MCX Copper Tips :- Copper is looking light strong while Nickel is in selling pressure. London Metal Exchange Copper move very dull. This year since June China has cut interest rates 2 times despite of in July very poor Economic data cames. Copper August futures Buy – 412, target – 417, stoploss – 408.
Crude Oil Trend :- Through expectations once again crude oil prices being seen jump. MCX crude oil with up 0.5% is around Rs 5170. It expected to announce stimulus package is next week. NYMEX crude oil prices has seen 0.5% up and price at $ 93/barrel.
MCX Gold Silver Tips Today
Today MCX Gold is looking back light buying and price has been exceeded at Rs 30,000. COMEX Gold has risen above $ 1,620 while Silver After Introduction increase mow it seen slowness and the price at Rs 53 620.
Gold Buy Rs -30 140, target -30 400, stoploss -30 000.
Silver Buy Rs -53 500, stoploss -53 200, target-54 100.
Today MCX Nickel Tips :- After initial weakness in base metals now it seen some strength back. Nickel is trading at 0.30% up while lead and aluminum have seen marginally fast by 0.15% . Copper and zinc business continuing weak. London Metal Exchange (LME) Copper is trading at 0.5% decline.
Nickel Buy RS -852, stoploss -844, target – 870.
NCDEX Commodity Tips Today Soybean :- NCDEX Soybeans declined today. soybean September futures has once again come down to Rs 4,000. According to USDA reports in this year more than 26 million tons soybeans is expected to be born in the world.
Soybean October futures Buy -3 960, stoploss - 4 020, target -3 850.
MCX Gold Silver are trading with modest gains. Gold with 0.15% fast is at Rs 29 942 while silver 0.25% up is trading at Rs 53 526. COMEX Gold Silver are traded with slight edge.
Today MCX Silver Tips :- Silver futures September Buy - 53 200, stoploss - 52 800, Target - 54 000.
MCX crude oil is trading with slight decline while price is at Rs 5158. However NYMEX crude oil is trading at $ 93/Barrel with light fast.
MCX base metals are trading mixed today. Copper and lead are business with strength of more than 0.30% while zinc and nickel trend slowdown. LME Copper is trading with gain of nearly 0.5%.
Copper MCX Tips Today :- Copper August futures Buy - 417, Target - 422, stoploss – 414.
NCDEX sugar (M Grade) September, October, November and December futures are seen rise of 0.5-1%. Turmeric September and October has been broken futures broken by 3.-3.5%. Coriander September, October and November futures are trading with 2.5-3% decline.
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MCX Gold Silver Tips Today :- Gold and silver have been sluggish today. Futures Market Gold Silver business has seen huge reduction. Due to lack of demand this year gold imports has seen drop. MCX Gold with moderately fast is trading around Rs 29 975, while silver is currently trading flat at Rs 53 352. International market gold and silver is in declining trend.
Gold October Futures Buy at -29 980, Stoploss -29 910, Target -30 100.
Silver September Futures Buy above - 53 400, Target -53 900, Stoploss - 53 150.
MCX Base metals traded are weak today. Zinc, Lead and Nickel decreased, while Aluminum and Copper business is sluggish. MCX Tips Free Trial
Copper August Futures Buy -414.5, stoploss - 412, Target - 418.
NCDEX Sugar August futures declined by 0.5% and price is around Rs 3,530.
Crude Oil Trend :- International crude oil prices remain under pressure from upper levels. Brett crude 11 weeks, while WTI Crude oil are trading at lower levels of 2 weeks. MCX Crude Oil has seen only modest gains and prices have gone up to Rs 5,100. However picture of Crude Oil demand and Economy has still not clear as well as It is expected to hurricane in Mexicans Coastal areas where the U.S. crude oil supply. Therefore it is projected to decline crude oil reserves in United States which will impact on crude oil prices.
MCX Crude Oil Tips : - Crude Oil August futures Buy above -5090, Stoploss – 5040, Target – 5160.
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