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OPEC have not decide the Crude Oil production loss. The price of crude oil coming down fast in International market, for this reason. #Brent and #Nymex crude about 7% and is come on 4 to 4.5 year lower level. Yesterday Crude Oil nearly fell 6% and closed at Rs 4300. In the International market, #Gold – #Silver and Base metals also getting down. On London Metal Exchange, Copper has come at 8 month lower level.
About 0.5% in domestic market MCX Gold is trading below Rs 26135. about 1% declined in Silver and it is trading below Rs 35560. Although, Crude Oil has slipping 0.19% and it is trading below Rs 4285. The #Natural gas has gained almost 1% and it is near about Rs 265.
Trading Tips -
#Gold - Sell MCX future below 26250, target 25980 and stop loss 26380
#Crude Oil – Sell MCX future below 4365, target 4420 and stop loss 4230
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