Life @ TradeIndia Research

Monday, 24 October 2016

MCX Commodity Market Trading Tips

MCX SUPPORT & RESISTANCE LEVEL

GOLD DEC FUTURE
R2–30467,
R1 -30244,
S1-29510,
S2-29212, 

SILVER DEC FUTURE
R2 –42804,
R1- 42416,
S1-41509,
S2-41010,

CRUDE OIL OCT FUTURE
R2 –3511,
R1-3463,
S1-3351,
S2-3298,

COPPER OCT FUTURE
R2 –320,
R1-315,
S1-306,
S2-301.

Commodity Tips : Gold prices were broadly stable early Monday, after locking in their first weekly gain in four last week, with markets waiting for further clues on the timing of any interest rate hike.
free mcx tips

INTERNATIONAL MARKET UPDATE
GOLD $ 1264.25.
SILVER $ 17.517,
COPPER $311.35,
CRUDE OIL $ 50.59,
INR 66.875.

Oil prices fell early on Monday as Iraq said it wanted to be exempt from any deal by producer cartel OPEC to cut production to prop up the market, and as U.S. drillers stepped up work.

International Brent crude oil futures LCOc1 were trading at $51.61 per barrel at 0051 GMT, down 17 cents from their last close.

Free MCX Tips : Traders said the price falls were a result of comments from Iraq, which said it wanted to be exempt from a production cut by the Organization of the Petroleum Exporting Countries (OPEC) that the group plans to decide at its Nov. 30 meeting. plans to reduce production to a range of 32.50 million to 33.0 million barrels per day, down from 33.39 million bpd in September.


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