Monday 17 August 2015

Crude oil price decline, 17 Aug Commodity Market Gold Silver down, NCDEX tips today

crude oil
After a last week sharp decline in Crude oil still remains under pressure. NYMCX WTI crude around 1.5 per cent is under $ 42. The Brent price has also come down to $ 49. In fact after China over japan’s economy has begun to grow even longer concerns. The Crude oil can have effected on demand. 

The gold is normally high, COMEX the gold price is around $ 1115. But silver is showing that effect a sluggish in the base metals. In base metals copper price $ 5,100 came down to the last 6 year low. 

Today, the weakness in the rupee against the dollars has increased to rs 65.30 against 1 dollar, the rupee has down 2.5 per cent this week. 

SELL Gold Oct below 25950 TG 25750/25600 and SL 26100 
SELL Silver Sep below 35700 TG 35450/35200 and SL 35950 
SELL Crude oil Aug below 184 TG 181.5/179 and SL 187.8 
BUY Copper Aug above 337 TG 339.8.343 and SL 334
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5 comments:

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  2. Sonal Jain18 July 2016 at 23:12

    US Corn September and US Soybeans August have dropped over a percent each at $ 353 and $ 1,064.38, respectively.
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