MCX Commodity Tips Today 25 June 2015

Crude oil dropped after a report demonstrated an eighth straight week by week drop in crude stockpiles was balanced by an expansive form in refined items.

India's crude oil import bill is likely to fall by 21.7 percent this fiscal to USD 88 billion on falling international oil prices, according to latest Petroleum Ministry estimates.

Commodity Calls For Today

MCX Crude oil @ June: Sell-3870-80, Target-3803, SL-3920

MCX Gold Updates 24 June | Commodity Tips For Today | Stock Market Trading

Gold slid to a one-week low on Wednesday, down for a fourth continuous session, as the dollar fortified and worldwide securities exchanges kept on arousing on desires of a Greek obligation bargain.

Asia offers encouraged for a 6th straight session as investors decided to be idealistic that Greece would achieve an arrangement with its lenders while the dollar held expansive picks up as the possibility of US rate rises returned on the radar.

"Investors responded to upgraded any desires for a Greek obligation bargain by exchanging or shorting gold," HSBC expert James Steel said in an examination note.

Commodity Calls for Today Evening Session 22 June

Short term and intraday trend for MCX Crude Oil July contract is likely to be sideways. Support for a short term is at 3700 and resistance at 3950, Ravindra Kumar, research analyst at Stock Commodity Tips, said. Intraday support is seen at 3780 with resistance of 3880.

The number of U.S. oil drilling rigs, which is a proxy for activity in the oil industry, has fallen sharply since oil prices headed south last year. There are now about 61% fewer rigs working since a peak of 1,609 in October. 

Evening MCX Commodity Calls 19 June

As MCX Silver has traded sideways, it’s really tough to say anything about the movements we will going to see in the near future, but one can go long for the silver as it will fall under the range of 36600 to 37200.

But at the current spot Silver @ July contract traded at 36805.00 and make intraday high of 36958 and low of 36680.

Apart from all this confusion in the trend analysis it is recommended to go long for the silver July contract and have some patience to make the good returns.

MCX Silver @ July Commodity call Today

Entry - 36770

Target - 36980

SL- 36600

MCX Crude Oil Updates 18 June | Commodity Calls Today | Trading Tips

MCX June Crude Oil Prices took the supports from the US Oil productions declination in the previous week and continue to fall said EIA. 

Brent crude, the international benchmark fells $63.24, and also down about 1 percent. 

Therefore, it is the best time to enter or buy the MCX Crude oil with entry around at 3830, Target of 3916 and Stop-loss at 3775.