MCX Precious Metals Prediction Call

Gold:  Sell Below- 22150, stoploss -22280, Target - 22250

Silver: Sell Below- 51550, stoploss - 51750, Target - 51050


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MCX Evening Round up Call For Today | MCX Market Data

Gold (June ): Buy - 21880, Stoploss - 21780, Target - 22060

Silver (July ) Buy - 53800, Stoploss - 53600, Target - 54 500

Wednesday tremendous boom in gold on MCX. Today after June gold futures dropped below the 22,000 rupees. While silver was not up on special business. COMEX the gold dropped below $ 1500's. MCX Market Live Price

Advantage of dollar weakness is to get silver. COMEX the silver remains around $ 35. While rupee against the dollar in the domestic market because of strong pressure on the base metal remains.

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MCX Silver Tips and MCX Crude Oil Call For today Intraday

Crude Oil (May ): Sell - 4932, Stoploss - 4970 Target - 4855

Copper (June ): Sell - 415, Stoploss - 418 and Target - 409

MCX Bullion Market News Today Silver 1.6 Decline  

Silver is traded on the decline. Copper also has broken up about 1 per cent.

Today we look at silver. The sharp drop in early trade on MCX silver. Currently about 1.5 per cent with the decline of silver is traded. Silver in the spot market prices have seen sharp fall. Delhi and Mumbai yesterday's closing price at the moment silver is trading down nearly 6 per cent. Special is that record last week after being nearly 16 per cent decline in silver prices has come. Click Here To Know more about Silver Trading Strategy

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Silver Trend,Crude Oil Tren for tommorow | budget effect on MCX Bullion and Trading Tips

Silver Trend

Silver prices likely to face resistance at $32.5/troy ounce and $33.8/troy ounce level i.e. at Rs. 49,767/kg and Rs.50,313/kg level in MCX March contract. While on lower side prices can take support at $32.5/troy ounce and $31.6/troy ounce level i.e. at Rs.49,767/kg and Rs.49,433/kg.

Crude Oil Trend

Crude oil Apr futures on NYMEX rose by 0.62% to $97.88/barrel from $97.28/barrel amid unrest spreading to Oman, Lebanon and Saudi Arabia. Even though on Friday NYMEX boosted the margin requirement on oil futures for the first time since March 2009 as crude traded above $100 a barrel to $6,075 per contract from $5,063 failed to pressurize the crude oil prices. The latest change on ICE also showed a boost in the Brent margin to $5,200 from $4,850 per contract along with the news in the market that Saudi Arabia has boosted the oil supplies by 9 million barrels per day were kept aside. What weighed on the bearish news were the unrest which continued in Libya and Bahrain along with the unrest which started yesterday in Saudi Arabia, OPEC’s largest oil producer.