Commodity Tips For Today

Currently, crude prices have seen the light pressure. Crude oil is trading at 84 dollars. On Monday, crude oil prices were pushing up 2 per cent. Naimaks the crude oil had closed above 84 dollars per barrel.

Sust so many have heralded the beginning of gold and silver. Comaks 1,881 dollars per ounce on gold after touching a record level has come down a bit. Gold is currently trading around $ 1,870. Silver is also open down nearly 2.75 percent.

Online Commodity Calls In India

Technically, as communicated, if Crude breaks below $89 decisively the it would set lower targets of $71-$72 which can be achieved in coming weeks. (From 5T-180711). During last week, Crude Oil has given bearish breakout from a "Head & Shoulder" pattern with neckline support at 91-92, while possibility of sharp pullback to $91-$93 is not ruled out but failure to move above these levels can wipe off $25-$27 in coming Weeks/ Months.

Free mcx Commodity Tips

Spot gold, silver jumped in major spot Mumbai, Ahmedabad and New Delhi Monday tracking sharp rise in global prices. Prices in London spot shot up amid global economic turmoil and financial on safe haven buying. Gold rallied up from last week clocking a new high amid global mayhem around the euro zone debt crisis and worries surrounding the US economy. Overseas gold shot up to USD 1,715.55/oz.