Commodity market remains in a state of chaos. Fears of a deepening economic recession have shattered investor confidence so that they do not believe in safe investments such as gold. Both international and household markets led to heavy selling in gold capped environment. Comax gold dropped 2.5 per cent to 1,459 dollar has come. Nearly 24 dollar per ounce while silver slipped to 5 per cent.
International market due to the decline in the Indian market today is chaos. However, with the drastic decline of around 3 per cent on MCX gold is trading at Rs 27,200. Lower circuit has been hit in silver 4 per cent and the price has fallen to Rs 46950 on time. But currently MCX Silver is trading below 2621 point and prices have come down 46280.
Calls by Expert
Sell MCX Gold below with June contract near to 27180 targets 27157, 27133 Stop Loss 27227.
Sell MCX Silver with in current market price and targets put below 200 point.
Buy MCX Crude oil April above 27150 TGT 27180 and Stop Loss 27120.
International market due to the decline in the Indian market today is chaos. However, with the drastic decline of around 3 per cent on MCX gold is trading at Rs 27,200. Lower circuit has been hit in silver 4 per cent and the price has fallen to Rs 46950 on time. But currently MCX Silver is trading below 2621 point and prices have come down 46280.
Calls by Expert
Sell MCX Gold below with June contract near to 27180 targets 27157, 27133 Stop Loss 27227.
Sell MCX Silver with in current market price and targets put below 200 point.
Buy MCX Crude oil April above 27150 TGT 27180 and Stop Loss 27120.
1 comments:
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Regards,
Commodity Trading Calls
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