Commodities on MCX are seems to have
regain the luster again. But mcx crude after showing some
good bounce, lost the momentum and now trading in red zone with nearly
0.10% decline.
Weakness in rupee has lifted Gold prices in MCX and it is hovering around 30000 level. Silver is
slightly up. Silver trend is likely to remain sideways today.
In Base metals, Copper is positive
Today. With Moderate gain, it is trading at 415.50, It has immediate
resistance at 416.50 which if breaches, Copper can go up to
418.50-422 level.
MCX Tips for Today-
Buy Crude above 4532 TG-4557-4578 Stoploss below 4509
Buy MCX Silver above 53100 TG- 53400-53700-54000 Stoploss below 52650
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