MCX Commodity Tips
In Domestic market gold and silver metals are trading with modest gains. With 0.13 per cent up on MCX, gold now at around Rs 29930 level, while silver with 0.25 per cent to Rs 53 526. In the international market with gold and silver are trading with slight edge.
NYMEX crude is trading trading above 93 dollars a barrel and mcx crude has also wiped out earlier losses. It is currently trading green above 5170 .
MCX copper trading up today. Although prices require a breakthrough above 422 to get proper momentum, but day traders can buy copper today around 418.50.
Silver (September futures) MCX: Buy Rs -53650, stoploss- 53350 Target-Rs -54000-54300
Copper (August futures) MCX: Buy RS -418.50 Target-420-422 SL-416.70