Live MCX Tips ~ Gold, Silver, Crude Oil Trend

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MCX Gold Silver Trend :- Mcx gold silver is expected to trade rangebound due to mixed global market sentiments along with weakness in the DX. However, in the domestic market deprecation in the Indian rupee might support an upside in MCX prices. MCX Gold Oct’12 Support - 30000/29900 Resistance -30120/30200. MCX Silver Sep’12 Support - 53100/52800 Resistance – 53600/53800. 

Crude oil Trend Today :- crude oil is expecting to trade trade on a sideways note on the back of renewed tensions in the Middle East and expected decline in the US crude oil API inventories. On the other hand weak economic data from the Europe may exert downside pressure on the prices. In the domestic markets crude oil prices are likely to trade with sideways on account of depreciation in the Indian rupee and mixed equity markets. MCX Crude Aug’12 Support - 5115/5060 Resistance – 5105/5235. 

Live MCX Tips Today :- Buy gold on dips around Rs 30,000-30,050 per 10 grams ranges with a stop loss below Rs 29,800 per 10 grams for targets of around Rs 30,300 per 10 grams followed by Rs 30,400 per 10 grams. 

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