MCX NCDEX Trading Advice, Intraday tips, crude oil, Gold and Silver, Agri commodities, Copper , Base metals, Mentha oil, Natural Gas

NCDEX Intraday Tips: MCX Gold Silver slips on profit booking

MCX NCDEX Trading Advice, Intraday tips, crude oil, Gold and Silver, Agri commodities, Copper , Base metals, Mentha oil, Natural GasProfit booking in precious metals dragged prices of gold down from its one-year high levels in early trade on Monday, 11 Sept 2017. MCX Gold was down 0.72%, or Rs 218, at Rs. 30,050 per 10 gram around today late morning, while MCX Silver was trading 0.97% down at Rs 41,168 per 1 kg.
MCX Crude oil futures dropped 3.25% to close at Rs 3040 per barrel. WTI crude futures climbed 0.67 percent to USD 47.80 a barrel. The global benchmark closed last week with a gain of 1.9%, after rising to a more than four-month high. Oil traders will also focus on monthly reports from the OPEC and the International Energy Agency to assess global oil supply and demand levels.
Meantime, Indian rupee weakened against the dollar today on fresh demand for the greenback from banks and importers. The rupee opened at Rs 63.87 against the dollar and registered an intraday high and low of 63.83 and 63.89 so far during the day.

Commodity Intraday Tips

SELL SILVER @ 41100 SL ABV 41380 TGT 40880-40580. CMP: 41100. MCX.

SELL NAT GAS @ 187 SL ABV 190.50 TGT 184.80-181.50. CMP: 187. MCX.

 

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