Skip to main content

MCx Crude OIl Trend with Gold Trend

Crude Oil Trend
Crude oil futures traded higher tracking recovery at the Nymex counter market during the evening hours of trading on Multi Commodity Exchange (MCX) Tuesday. Crude oil gained as euro appreciated against dollar ahead of the European Union's emergency debt crisis summit and on expectations of a drop in US crude oil stockpiles.  


MCX Gold Trend
India gold futures reversed from an early record high on Tuesday afternoon weighed by a stronger rupee, which made the dollar-quoted yellow metal cheaper, but traders sought bigger falls in prices to book deals ahead of the festival season next month.
* The most-traded gold for August delivery on the Multi Commodity Exchange (MCX) was trading 0.11% lower at Rs 23,201 per 10 grams at 2:46 pm, reversing from its record of Rs 23,320 struck earlier.

* The rupee rose in afternoon trades aided by gains in domestic equities and the euro. The rupee plays an important role in determining the landed cost of dollar-quoted yellow metal.  
Labels:

Comments

Post a Comment

Popular posts from this blog

LME - Copper Updates with MCX Copper Trend

Copper Updates London copper slipped on Wednesday, partially reversing gains of more than 1 percent in the prior session, as anti-austerity protests in Spain revived concerns over the euro zone debt crisis and the demand outlook for industrial metals. The protests in Spain, where the government is likely to set a fresh timetable for economic reforms later this week, highlight the country's financing challenges and stirred doubts among investors about whether it would have the political will to apply for an official bailout. Three-month copper on the London Metal Exchange was down 0.8 percent at $8,210.50 per tonne by 0705 GMT, after rising 1.1 percent in the previous session. In MCX Commodity expert feel copper, Rs 440 per kilogram is holding over the last couple of trading days despite the negative fundamentals. He believes that on the upside, the resistance near Rs 446 per kilogram remains strong.
Read more

Stock Tips Today

Our Target hits on our SBI Call which we posted before 3 days ago. Buy SBI At - 2220 for the Target of - 2240 & 2270 for day & tomorrow with Stop Loss - 2190.50 Sell Tata Motor(Intraday) At - CMP for Target of - 283.05 & 279.30 with Stop Loss - 288.50 Get daily Stock Intraday Tips, Nifty tips here
Post a Comment
Read more