Commodity market news and commodity calls : pinnacle financial services

commodity online trading tips

 

From yesterday market has get slow and goes to down side. MCX Gold get down side to -84 points. Gold trade at this time Rs 28165 with -0.32% below. Gold open today Rs 28558 and its last close was Rs 28252. It open high but little bit change. MCX Silver has open today Rs 42350, it goes after long time to below 42500. Silver trade Rs 42235 with 1 points above side.
commodity calls :

Gold : Buy MCX Rs 28170 target 28250 stoploss Rs 28115.
Sliver: Buy MCX Rs 42250 target 42550 stoploss Rs 41050.

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FREE MCX TIPS: MCX GOLD | SILVER | CRUDE OIL | COPPER | COMMODITIES|

 

The next two days the gold key figures to come will determine the direction of America. On Wednesday, the U.S. central bank will decide on interest rates. With America's second-quarter GDP data on July 30 will be released.If interest rates are rising or growth figures come as a shock to see if gold prices can be found.

Amid reports these past three weeks in the domestic market gold is trading between 28,500 to 27,500 and beyond its scope does business in gold is seen.

Today Gold has started low opening. MCX Gold previous close Rs 27866 and open at down side with Rs 27853. It goes to high up at Rs 27878 and down to Rs 27825.

MCX Gold has stand at this time at Rs 27840 with down side -26 points (-0.09%).

Today Silver has started high opening. MCX Silver previous close Rs 44269 and open at up side with Rs 44336. It goes to high up at Rs 44378 and down to Rs 44303.

MCX Silver has stand at this time at Rs 44306 with above side 37 points (0.08%).

MCX Crude Oil trade at Rs 6098 with above side at 15 points (0.23%)

MCX Copper trade at Rs 420.1 with down side at -1.75 points (-0.41%)

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MCX-SX : Jignesh Shah created

Refer from - http://moneycontrol.com

The country's newest stock exchange MCX-SX's name is going to change soon. Jignesh Shah created, the name of the Exchange Jignesh Shah has decided to do away with. According to sources, the MCX-SX Board Exchange Market regulator SEBI has sent a proposal for two new names.

Sources of the MCX-SX board has agreed on two new names. Multi Commodity Exchange MCX-SX board plans to rid the image of the brand. So MCX-SX behalf of the Board of the New Age Stock Exchange and the International Stock Exchange is expected to put the seal on a name.

According to sources, the MCX-SX may shift its head office and servers. Bandar-Kurla Complex to Andheri rates may shift. From the MCX-SX will also recruit new employees. MCX-SX is planned to raise up to Rs 500 crore.

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Today MCX Free Tips: MCX GOLD | MCX SILVER | MCX CRUDE OIL |

 

 
MCX Gold: current price Rs 27919 with -0.07%

previous close – 27890/-     opining – 28000/-
                   high – 28035/-             low – 27890/-

technical point

R1 : 28041.50         R2 : 28110.75

S1 : 27896.50         S2 : 27820.75

MCX Silver: current price Rs 44387 0.24%

previous close – 44281/-     opining – 44390/-
                   high – 44534/-             low – 44291/-

technical point –

R1 : 44457.00                R2 : 44617.00

S1 : 44214.00                S2 : 44131.00

MCX Crude Oil: current price Rs 6112 -0.62%

previous close – 6150/-         opining – 6125/-
                   high – 6149/-                 low – 6107/-

technical point -

R1 : 6158.50                  R2 : 6174.75

S1 : 6116.50                  S2 : 6090.75

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Market hadline today: MCX Gold August future and MCX Silver Septamber future

Decline in crude oil prices is positive for the market. Additionally, the monsoon has been better and also good indications of the domestic economy. RBI has given a big relief to the infrastructure sector. Banks are also concessions.

Today commodity market open at mixed position. Some product are open profitable or some are not profitable. Despite a weaker rupee in the domestic market is gold and silver fade. But MCX Gold is recover and the price is at Rs 27696. 0.17% move above gold and but MCX silver is also idling today and trading at Rs 44764 with 0.20% declined. MCX crude oil is batter position on today. It move above 0.93% and trade at Rs 6053.

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