CRUDE TIPS ~ MCX Crude Updates and Trend 29 June

Crude oil futures fell as much as 3%, on worries that an EU summit will not find durable solutions to the euro zone's crisis, which could dent the futures energy demand. In the international market crude oil rise to some extent . In COMEX Gold rise about 0.8% and silver 2%. In NYMEX front, Crude oil is stronger upto 2 %

MCX COMMODITY TIPS BY EXPERTS

MCX Crude oil (April futures): Buy - 4450, stoploss of Rs - 4400 and the target - 4550

MCX Copper (August futures): Buy - 421, stoploss of Rs - 417 Target - 427

MCX Silver (July futures): Buy - 51 700, stoploss of Rs - 51200 and target - 52 600

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Gold Updates>>Free Trial Commodity tips

The Gold is in long- medium- short-medium- term bull phase .Currently Gold is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend . Cautious point is buying at higer levels seems decreasing. The Gold is now trading in overbought level. The oscillator is showing BUY signal For short term Gold is in HOLD LONG position.


MCX Gold Support and Resistance :- Positionally Support for the Gold is 29579-29141-28856-28616-.Resistance for the Gold is 30070-30220

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