Monday, August 8, 2011

MCX gold silver trend for 8 August

Commodity market opened positive COMDEX opened at 3389.57 and MCXMETAL opened at 4651.61 MCXENERGY opened at 2716.80
Bullion trend:
Glod touch out altime high at 24770 per 10 grams. gold is in prefect uptrend and silver move 58988 sept. contact. silver also upward trend for trade. Trader buy silver and gold
Sell silver 59600 59700
stoploss: 60000
Target 59000 58500

Buy gold above 25000 and stoploss 24750.
Crude oil
Crude oil is in prefect downtrend. Oil national average of USD 3.70 per gallon could fall as much as 35 cents per gallon over the next month. WTI crude has declined USD 12.71, about 13%, in the last 10 days.


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