Friday, August 24, 2012

MCX Gold Silver and Crude Tips For Today

MCX Gold Silver Tips

MCX Gold and Silver had throw the resistance in last trading session but in International market Gold and silver down because of selling pressure. Precious metals prices rose more than 1 percent with gold prices reaching a four-month high above $ 1,670 an ounce yesterday, bolstered by hopes for a new round of U.S. monetary stimulus and news that Spain is negotiating conditions for a possible aid package. In fect in today's trading Gold and silver may trade under pressure due to a down trend in COMEX. MCX Gold is looking consolidate for intraday trading but bullish for near term trading. MCX technical Tips suggest that it will get the 31200 level in coming trading session. MCX Gold tips is to buy on lower levels. MCX silver may also face a down trend today, but looking bullish for mid term. MCX Silver Tips is to buy on lower levels.

MCX Crude Tips

Crude oil futures fell yesterday, settling back below the 200-day moving average, as a rally on hopes for more stimulus from the U.S. Federal Reserve ran out of steam. The NYMEX crude oil is trading at 95.80 dollars per barrel slipped 0.5 percent. On Thursday, crude oil is at Rs 5325 with a decline of 0.8 per cent in the domestic market. The Brent crude is trading at 114.60 dollars a barrel fluctuation between flat levels. MCX Crude oil tips is to buy on lower level to get higher profit.