Thursday, September 8, 2011

MCX gold silver tips and Crude oil tips

Gold silver tips:After Wednesday's sharp decline in gold has gone up today. Gold on MCX is trading above Rs 27,732. COMEX Gold futures witnessed heavy profit booking, as stronger tone in global equities Silver prices have also strengthened. MCX silver remains above Rs 65,489.

one can go long position in silver at 65690 for the target of 65900-66100 and stoploss 65480

Crude oil: The initial rapid decline in crude oil. NYMEX the crude oil is trading below 90 dollars a barrel. On MCX, crude oil still remains above Rs 4100. Experts believe that oil prices could up trend continue.


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