A sharp decline has been seen in NYMAX
crude prices an affect of which can be seen in domestic market also.
International crude oil is trading near $91/barrel. This decline
along with the weaker rupee can cause a bearish trend in MCX crude
oil. Prices have strated goin down and breaching the level of 5090
can further push the prices to 5050-5000 level.
Bullion metals are also in downside.
Silver is trading below 54000 mark and traders can sell mcx silver
below 53850.
MCX Gold is currently trading above
29000 level. The trend of Gold is still negative.
