MCX Commodity tips For today With Trend 9 August

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MCX Bullion Trend Today :- Intra-day perspective, we expect precious metals to trade on a positive note on the back of upbeat global market sentiments along with weakness in the DX. However, depreciation in the Indian Rupee will further support upside in prices on the MCX. MCX Gold Oct’12 Support – 29850/29750 Resistance – 30000/30080. MCX Silver Sep’12 Support - 53200/53000 Resistance – 53600/53800. 

Mcx Crude Oil Trend :- crude oil prices to trade higher on account of more than expected decline in US crude oil inventories coupled with weakness in the DX. Additionally, expectations that China will take measures to boost the economy will support upside in prices. In the Indian markets depreciation in the Rupee will act as a positive factor for the crude oil prices. MCX Crude Aug’12 Support - 5120/5070 Resistance – 5210/5240. 

MCX Commodity tips today :- Buy nickel at 872.00 -872.50 with stop loss of 864.40 and target of 880. 

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