In America the Government Departments has issued a decree ordering to close. Being unable to reach a decision bordering on loans that is due. Such is the increased the pressure on crude oil prices. Nymex crude oil continues to below $ 102. Brent crude oil also came down to $ 108. Comex pressure showing in gold and silver. Of the rupee against the dollar have been strengthened today.
At Moment 0.4 per cent decline with MCX Gold is trading below Rs 30,300. While at mcx silver is down 0.5 per cent fall to Rs 48,900. MCX crude oil dropped 0.5 percent to Rs 6,400 has. Natural gas is nearly 0.5 per cent lower to Rs 223. Have also a weakness trend in base metals at MCX. MCX Copper came close to 0.5 per cent, to Rs 464. Aluminum 0.3 per cent, 0.3 percent in nickel, lead and zinc in the 0.5 percent has registered fall of 0.3 percent.
Buy-Sell Strategies in Silver- Gold for Indian MCX Commodity Market:
- GOLD Tips for MCX GOLD (October futures): Sell – 30 400, stop-loss – 30700 and the target – 29800
- SILVER Tips for MCX SILVER (December futures): Sell – 49800, stop-loss – 50200 and the target – 48800