MCX INTRADAY TRADING TIPS 27 July

MCX Crude Oil Outlook - In today’s session, we expect crude oil prices to trade on a  positive note on the back of  upbeat global  market sentiments along with hopeful statement from the ECB President. Additionally, weakness in the DX will also help upside support  in  crude oil prices. However, appreciation in the Indian Rupee will cap sharp gains on the MCX.

MCX Natural Gas Trend - MCX Natural Gas July contract rose around 0.2 percent and closed at Rs.172/mmbtu after touching an intra-day high of Rs.174.9/mmbtu in yesterday’s trading session. However, further upside movement in prices was capped on the back of appreciation in the Indian Rupee.

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GOLD UPDATES || FREE MCX BULLION TIPS

MCX GOLD TREND TODAY :- As on Wednesday 11th April 2012 GOLD1 closed @ 28602.00 and we recommended Strong Buy for long-term with stoploss of 27312.29 and Buy for short-term with stoploss of 28492.44. MCX Gold important levels to watch today.

MCX Gold support and Resistance :-

Gold Resistance :- Resistance2 : 28741.98, Resistance 1 : 28684.3

Gold Support :- Support 1 28519.71, Support 2 28462.02

Currently MCX Gold Price is 28,560 per 10gms

COMEX GOLD UPDATES :- Comex gold is marginally lower after a consolidation session. Wednesday was one of the most quiet days in the precious metals in recent memory

MCX BASE METAL UPDATES || CRUDE TIPS

MCX Crude oil is trading at Rs 28 572. Base metals have started in slow mood and does not showing any satisfactory moves . On MCX, copper, lead and zinc is seen in the downtrend, aluminum and nickel is trading at a slight decline.

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