Bullion counter may continue its downside momentum tracking weak international clues as stronger dollar index and fear of interest rates hike in US is keeping prices under pressure.
MCX Gold can move in range of 24500-25100.Stronger dollar index and fear of interest rates hike in US is keeping prices under pressure.
MCX Crude oil may open on negative note as EIA inventory data is likely to give further direction to the prices on Wednesday. Overall it can move in range of 3160-3280 in MCX, as per SMC Global forecast. Crude Oil August contract has been trading down by -0.83 per cent to 3208 level on Wednesday(1:08am) told by Commodity MCX NCDEX Calls
Best Tips on commodity Market Today:
BUY NCDEX Turmeric at 7650, SL: 7580,TGT- 1 / TGT- 2 - 7720/ 7750
SELL NCDEX Jeera at 15700 , SL: 15780,TGT- 1 / TGT- 2 - 15550/ 15500
SELL NCDEX Gold Hedge at 22380, SL: 22550,TGT- 1 / TGT- 2 - 22180/ 0
SELL MCX Crudeoil at 3260, SL: 3300,TGT- 1 / TGT- 2 - 3220/ 3180
MCX Gold can move in range of 24500-25100.Stronger dollar index and fear of interest rates hike in US is keeping prices under pressure.
MCX Crude oil may open on negative note as EIA inventory data is likely to give further direction to the prices on Wednesday. Overall it can move in range of 3160-3280 in MCX, as per SMC Global forecast. Crude Oil August contract has been trading down by -0.83 per cent to 3208 level on Wednesday(1:08am) told by Commodity MCX NCDEX Calls
Best Tips on commodity Market Today:
BUY NCDEX Turmeric at 7650, SL: 7580,TGT- 1 / TGT- 2 - 7720/ 7750
SELL NCDEX Jeera at 15700 , SL: 15780,TGT- 1 / TGT- 2 - 15550/ 15500
SELL NCDEX Gold Hedge at 22380, SL: 22550,TGT- 1 / TGT- 2 - 22180/ 0
SELL MCX Crudeoil at 3260, SL: 3300,TGT- 1 / TGT- 2 - 3220/ 3180
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