Crude oil price weak, dropped Rs 3,000, MCX commodity live price 03 Aug

The decline in crude oil has increased. MCX crude oil price dropped Rs 3,000 in domestic market. The International market WTI crude last 4 month and Brent crude oil have come to the 6-month low. Iran increase supplied guess the pressure on prices. Indeed Iran is waiting just recessive economic ban. The Rupee strongly against dollars has crude oil price decline in the domestic market. 

Decreased demand for crude oil as well as in China, while China is the second largest consumer of crude oil in the world . In last month, crude has falls 15 per cent. The record levels in July, OPEC's crude production that has also dominated the weakness.

MCX Live- Gold price touch 23,000, 24 Jul commodity face tips, NCDEX tips today

Gold price is continually becoming decline. Monday's decline trend is not stopped. Gold price decline again on Friday and now it has reached its lowest levels in five years. It is expected to fall 10 per cent and the domestic market price of Rs 23,000 per 10 grams, can be below. 

This week, despite a significant decline gold price but demand is not looking. Despite the reduction in demand growth in China, while gold is not buying encouraging about being seen. This wedding season and there is no rain and is believed to be correct. 

Today Commodity calls:- 

SELL Copper Jul below 339 targets 332 and stop loss 344 

SELL Crude oil below 3135 targets 3085 and stop loss 3175 

SELL Silver below 33900 targets 33450 and stop loss 34250 

3:20 Pm, Live Price

Commodity Prices (MCX)
Commodity	Rs	Chg	% Chng
Gold - 5 Aug	24525	209	-0.84%
Silver - 4 Sep	33690	214	-0.63%
Crudeoil - 19 Aug	3124	13	0.42%
Naturalgas - 28 Jul	178.3	2.6	-1.44%
Aluminium - 31 Jul	102.7	0.55	0.54%
Copper - 31 Aug	338.45	0.15	-0.04%
Nickel - 31 Jul	719.7	7.3	-1%
Lead - 31 Jul	109.6	0.3	-0.27%
Zinc - 31 Jul	125.6	0.75	-0.59%
Menthaoil - 31 Jul	922.4	1.8	-0.19%
Cotton - 31 Jul	15700	100	-0.63%