Posts Tagged mcx future

Riding on bulls Gold, Silver futures settled high

Gold futures settled on high note on Multi Commodity Exchange on buying support here on Saturday. Gold futures traded up; while silver futures steady to down on profit taking. Precious metals settled lower in the previous session on weak global trend. In the overseas market gold settled up but silver seen down. In the international market gold settled steady at USD1190.15/oz.

MCX’s most active Gold August contract opened down Rs.6 at Rs.18,300/10gm and moved between Rs.18,300-Rs.18,337/10gm. The contract settled Rs.29 higher at Rs.18,335/10gm. August contract volumes clocked 2287 lots.

MCX Gold mini, the most active August contract opened down Rs.18 at Rs.18,305/10gm. It fluctuated between Rs.18,300-18,346/10gm. August contract settled up Rs.19 at Rs.18,342/10gm. Total volumes in August contract clocked 4399 lots.

Benchmark Silver September contract opened Rs.14 higher at Rs.28,800/kg. The contract fluctuated between Rs.28,786-Rs.28,810/kg. Silver September contract settled up Rs.14 at Rs.28,800/kg. Total volumes clocked 1598 lots.

MCX Silver mini August futures opened down Rs.34 at Rs.29,752/kg and moved between Rs.28,750-Rs.28,810/kg. Mini silver August futures settled up Rs.9 at Rs.28,795/kg. Total volumes recorded 2718 lots.

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Latest Crude Oil Trading Tips

Crude oil future (March) prices witnessed a rally on Wednesday’s trading session and after making a high of 3707 it settled at 3689 levels.

It’s sjown a stiff resistance at 3730 levels on breach of the same likely to trade higher. The supports are at 3660 then 3630 levels.

We at fxcommodity expect prices to trade sideways to higher and recommend buying near support levels.

MCX Crude Oil Tip
Buy March at 3675
Tgt 3720
SL 3650

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