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MCX Gold Updates Today :- Gold has consolidate trend today.Gold futures slipped well under Rs 29800 per 10 grams yesterday and fell further in the evening moves, closing under Rs 29700 per 10 grams. The counter quotes at Rs 29646, down Rs 35 per 10 grams on the day with 0.42% increase in the open interest.we have a mixed outlook on gold for the day. With the coming US trading session, there are a few economic numbers expected that are likely to rise and support the USD. This weakness could be felt in gold. Overall, the day looks very risk-laden for gold.
Crude Oil Trend :- Today morning, crude oil prices are trading below $93.5/bbl with a marginal loss from yesterday’s gain. Oil prices have come under pressure on concern that US is getting closer to shed its status as a net importer. we suggest remaining on selling side for the day.
Crude Oil Tips :- Buy mcx crude oil at 5081 target 5093 5100 stop loss of 5067.