Social Icons

Thursday, May 5, 2011

MCX Calls For today evening | Gold and Silver Special report

MCX crude oil (May ): Sell - 4800, Stoploss - 4868 Target - 4720

MCX Natural Gas (May ): Sell - 204, Stoploss - 207 Target - 195

MCX Copper (June ): Sell – 412.50, Stoploss - 415 Target - 405

MCX Market updates Today
May silver futures expiry today has come down from Rs 59,000 expressions. While the July silver futures trading today is much faster but there is declining trend. COMEX also has slipped below the silver $ 40. But gold has been shopping at lower levels.

Crude oil continues to fall. On MCX, crude oil has come down the sense of Rs 4900. U.S. stocks surge in crude prices is the pressure. NYMEX the crude oil has come down from $ 110. Natural gas is the sharp decline. While the Base Metals business is also declining.

Read More About Why Silver Slipped

MCX Bullion FREE Tips on Mobile 

MCX Silver&Gold Support and resistance Today | MCX Bullion Tips

 SILVER HITS THREE-WEEK LOW, DRAGS DOWN GOLD.
CRUDE OIL CONTINUES TO MOVE SOUTHWARD.
BASE METALS SUBDUE ON WEAK LME CUES.
CUMIN SEED & BLACK PEPPER CONTINUES TO SHED.

Gold, silver fall sharply for third straight day.
Sentiment down after George Soros sold gold, silver.
Weekly U.S. crude stocks rose by 3.42 mln bbls.
U.S. private payrolls disappoint in April.
Oil prices fell for a third day on Wednesday.
Copper falls after U.S. data.
Silver slid sharply for a third straight session Wednesday, dragging down gold, on follow-through selling after the exchange raised margin requirements for a third time in a week. George Soros' big $28 billion firm and some hedge funds have been selling gold and silver. Copper fell to its lowest since mid March on Wednesday as investors worried that tightening monetary measures in China, signs of slowing U.S. growth.
 Click Here To Read More:
MCX Free Tips Newsletter Click Here
 
Customers 4.9out of 5.0 based on 33045 user ratings