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Wednesday, August 24, 2011

MCX Crude Oil News and report For Today

Crude oil moved in a sideways manner today as the selling in Asian equities and Japan debt downgrade interplayed to turn sentiments cautious during the course of the session. US stocks recorded an impressive surge in overnight trades but the stocks slid lower in Asia today after Global ratings agency Moodys Investors Service cut its rating on Japans government debt by one notch to Aa3 today, citing large budget deficits and a buildup of debt since the 2009 global recession in the worlds third largest economy.
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Precious Metals and Crude oil Report For Today 24 Aug 2011

Gold prices in the domestic market can see recovery. Gold prices up Rs 200 after the crash.  gold on MCX is trading above Rs.27 550 and in the international market Gold increased with 1 per cent level of $ 1844.

Silver remains in the selling pressure. MCX silver is down to Rs 64,000. on COMEX silver is at $ 42.

The crude oil
is trading in upper side. Crude oil is at Rs 3921. However, on NYMEX  the crude oil was at $ 85 decline with 0.5 per cent .

MCX Commodity tips- Gold, Silver and Crude oil Tips For Today

Decline Trend Indicate today in Precious Metals
Today MCX Gold  also seeing in decline phase mcx silver trading more than - 500. mcx gold price trend is perfect upper levels. My analyst report indicate decline phase in gold. please not make new any position. more chance indicate for come down.

MCX Commodity Support and Resistance and Call For Today 24 Aug 2011


MCX Commodity Free Daily Call
GOLD (OCT)                                   SILVER (SEP)
TREND
Bullish
RESISTANCE 2
28300
RESISTANCE 1
27970
SUPPORT 1
27140
SUPPORT 2
26900
STRATEGY
Buy on dips
TREND
Bullish
RESISTANCE 2
66800
RESISTANCE 1
65350
SUPPORT 1
62450
SUPPORT 2
60500
STRATEGY
Buy on dips


MCX Commodity Daily Newsletter For Today 24 Aug 2011

GOLD RETREATS FROM RECORD HIGH ABOVE $1,900/OZ.
OIL RISES A SECOND DAY ON U.S. FUEL DEMAND, LIBYA CRUDE PRODUCTION OUTLOOK.
COPPER CLIMBS ON SPECULATION FED WILL TAKE STEPS TO BOLSTER U.S. ECONOMY.
INDIAN SPICES COMPLEX TRADE UP.

 
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