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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