Gold - Silver Trend
The expectations of getting Bailout package to Eurozone has resumed the boom in commodity market. Comex Gold and silver have witnessed quite a good jump in prices. At the moment, comex Gold has climbed nearly 1.5% while Silver is trading up 2% in international Market.Meanwhile on NYMEX with 0.5 per cent upside, crude oil is trading at 97.80 dollars a barrel . Brent crude on the ICE with a gain of 0.5 per cent trading at $115.50 a barrel.
On domestic front, Bullion metals are expected to trade higher on the back of strong global cues.
Intraday traders can follow tips below-
Commodity Tips for Today
MCX Gold (October Futures): Buy - 30250, stoploss - 30150 and the target - 30400
MCX Silver (September Futures): Buy - 55100, stoploss - 54900 and the target – 55500
MCX Crude has a buying target of 5400-5420 when accumulated above 5365.
