The decline in crude oil has increased. MCX Crude prices have slipped below Rs 5700. MCX crude oil futures for August 5699, with a decline of 0.8 percent the price has fallen to Rs. The international market remains under pressure from the start of trading today. The strengthening of the rupee against the dollar has come today. Fifth consecutive week of crude oil in the international market is on the verge of decline. It is the longest decline in the last 9 months. Increasing supply and decreasing demand in the United States in China is projected pressure on crude prices.
MCX gold and silver have come to the edge. October futures gold with 0.44 per cent is trading at Rs 27 868. September futures with 0.56 per cent while silver is trading at Rs 42 314. While natural gas is falling 0.25 per cent in August Futures and remains at Rs 234.80.
All metals except nickel is trading in green. 0.11 per cent in August after zinc futures is trading at Rs 142.75. Aluminium 0.2 per cent, 0.34 per cent lead and copper remain at 0.54 per cent. With 0.23 per cent nickel August Futures is trading at Rs 1136.50.
Mcx natural gas buy 231-232 targets 238 stoploss 228
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