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Monday 5 December 2016

MCX Trading Idea on Gold, Silver, Crude and Copper

MCX Gold Feb 2017 TRADING IDEA
Gold trading range for the day is 27860-28326. Gold edged higher shrugging off data showing rising U.S. job numbers, with an expected rise in interest rates had already been priced in. Gold premiums in China held close to three-year highs amid limited supply of the precious metal with traders saying Beijing was restricting imports.


MCX Silver Mar 2017 TRADING IDEA
Silver trading range for the day is 40150-42064. Silver prices gained paring its loss as the U.S. dollar and Treasury yields eased back in the wake of the monthly jobs report.

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MCX Crudeoil Dec 2016 TRADING IDEA
Crudeoil trading range for the day is 3405-3559 Crude oil prices fell on profit booking after the largest weekly rally since 2009 following OPEC's decision to cut crude output.

MCX Copper Feb 2017 TRADING IDEA
Copper trading range for the day is 391.2-401. Copper eased as traders unwound speculative positions on doubts that the post U.S. election rally has much further to run.

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