MCX Crude Oil, Gold, Silver Outlook and Tips Today

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MCX Commodity Updates :- The surge in the international market because the domestic market is seeing strength in gold and silver. Comeks 0.5 per cent in gold and silver has been 1 per cent. Naimeks the crude oil rose 1 percent. MCX Gold 0.3 per cent to Rs 30,000 across with strength is reached. Increase of 0.5 per cent, while silver is trading at about Rs 54 140. MCX Crude oil 1 per cent at Rs 4,700 with the rapid turnover is over 

Gold Trend :- Gold futures may continue its uptrend on the back of bleak future of the global economy. MCX gold June contract may open at Rs 29,725 per 10 grams against yesterday’s close of Rs 29,668. It may trade between Rs 29,665 and Rs 29,910 during the day. Gold in Mumbai spot market opened at Rs 2,976 per gram against yesterday’s close of Rs 2,970 per gram. 

Crude Oil trend :- Oil was higher in Asian trade today as investors seek to buy at current levels after recent declines on demand concerns, analysts said. A weaker US currency has also pushed up investor demand for dollar-denominated crude futures, they added. In early deals, New York’s main contract, West Texas Intermediate crude for July delivery, was 85 cents higher at $84.83 a barrel and Brent North Sea crude, also for July, rose 54 cents to $99.39. This morning, prices are edging up and the sentiment now is that oil’s oversold the last few days and so some see this current pricing as a buy opportunity 

MCX Lead tips :- MCX Lead (June futures): Buy - 105, stoploss of - and target 103.70 – 106.60.

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