Oil prices fall on Asian trade , china slow economic down and strong US Dollar pressure result dropdown on Thursday Singapore trade. On early morning New York main contract WTI (West Texas intermediate) for September delivery fall by 57 cent at $104.82 a barrel. On domestic commodity market crude oil open in negative side with a small loss against its previous close of 6267. On Thursday morning Crude oil for future delivery open at 6261 at MCX.
MCX Bullion is bearish after open in positive side. Today at MCX gold prices open at 27255 bit high from its last close at 27240. On morning trade gold and silver are expected to trade in down side. Today MCX silver open at 41452 on intraday trade for future delivery its previous close is Rs 41346.
Gold support and resistance
S1: 26950, S2:26850
R1: 27450, R2: 27565
MCX copper and nickel continue its worst session on Thursday morning too, today copper prices open at 419 down by 0.65 point for future delivery. Similarly nickel open in deep side at 843 its last close is 846.10.Lead support and Resistance
S1: 120, S2: 119.50
R1: 122.50, R2: 123
Intraday MCX tips
SELL GOLD AUGUST BELOW 27180 TGT 27130, 27080, 27000 STOPLOSS 27350
SELL SILVER SEPTEMBER BELOW 41250 TGT 41170, 41100, 41000 STOPLOSS 41450
SELL MENTHA OIL JULY BELOW 893 TGT 891, 888, 885 STOPLSS 899
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