Monday, August 8, 2011

MCX Commodity Market Updates Today

MCX Bullions Metals may trade with strong bias. MCX Gold can test Rs. 25500 while MCX Silver again test Rs. 61,000-62,000  in near term. MCX Gold October contract is currently trading at Rs. 25000, it is up by Rs. 356 for the day. All Base Metals in MCX are trading on a positive note for the day. Base metals may also plunge lower tracking weak opening in international markets. Copper may further dip lower towards 395-390 in MCX. Crude oil may remain on weaker note in MCX and can test Rs. 3700 in near term.  MCX Crude Oil Aug contract is currently trading at  Rs. 3813, it is trading down by Rs. 30.

• NYMEX crude plunged more than $3 Monday after 9.2% last week. 
• Crude oil speculators cut net long position for the first time in five weeks. 
• NYMEX natural gas fell 4.9% marking its third weekly decline.
• Natural gas speculators raised net short position for the first time in three weeks. 

Free mcx trading tips, mcx gold tips, mcx silver tips, mcx ncdex commodity trading tips, free commodity tips, commodities tips, commodity prices, ncdex tips, ncdex commodity tips, commodity market tips, commodity tips on mobile, gold prices, silver prices