NCDEX Tips Today,commodity market tips and trend,mcx ncdex tips,mcx bullion tips today,nickel tips today
Commodity updates Today :- Today MCX NCDEX commodity market is expecting to trade with bearish note.
MCX Gold Silver Updates Today :- gold and silver is expecting to trade trade on a bearish note on the back of weak global market sentiments along with strength in the DX. In the domestic markets depreciation in the Indian rupee will cushion sharp fall in the precious metals on the MCX.
Mcx base Metal Trend :- Base metal prices in today's session are expected to trade on a negative note on the back of worries of global slowdown and no resolution of the Euro zone debt crisis. Additionally, strength in the DX will also exert downside pressure on the base metals. However, in the domestic markets depreciation in the Indian rupee will cushion sharp fall in the prices of base metals on MCX.
Crude Oil Updates and Trend :- crude oil prices is exoecting to trade on bearish note as the International Energy Agency reduces the global demand forecast as slowing economies is likely to result into reduced consumption. Further, strength in the DX might exert downside pressure on the crude oil prices. However, any renewed tensions in the Middle East would cause disruption in the supplies thereby supporting an upside in the crude oil prices. On the domestic front depreciation in the Indian Rupee will cushion sharp fall in the crude oil prices on the MCX.
MCX Silver Tips Today :- Silver (Dec) Sell Below 61150 for target of 60950 / 60750 with stop loss of 61280.
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