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Tuesday, August 9, 2011

MCX Gold, Silver and Crude Oil Trading Tips For Today 9 Aug 2011

Price of crude oil has lower levels of 10 months in 1 week on fears of global economic slowdown, crude oil slipped nearly per cent. NYMEX the crude oil is trading below $ 80 a barrel. MCX crude oil prices have moved down to Rs 3,600.The U.S. Federal Reserve's meeting this evening to eye on the market. The U.S. Energy Department will report on Wednesday.

Gold prices have reached a new height. Took the gold at 1782 dollars per ounce .on MCX   Gold is trading above Rs 26,000.

However, there is weakness in silver. COMEX silver is under $ 39. The silver on MCX is trading below the level of Rs 58,000.

BUY indication in Gold Today iy would trade upper side. MCX Gold has Good amount of open intrest, MCX Gold TIps is that safe-heaven trading in Gold.
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