Thursday, 30 July 2015

Most Accurate Mcx and Commodity Tips Provider

MCX Aug Crude oil; as pressure build on upside oil prices have extended the gains by violating its falling trend-line resistance at 3077 and ended at 3148 levels, up by 2.10% on d-o-d basis. This development signifies that the uptrend has intact and is likely to extend the gains towards 3210 & 3267 levels.

MCX Sep Silver was traded in a narrow range 33380 to 34350 level from last couple of sessions. It was gained almost 201 points in the past and tested its key trend-line resistance of 34250 levels. However, short-term bearish view remains unchanged and these pullbacks can be considered as a selling opportunity at higher levels 34350 levels.

After a long phase of decline NCDEX Aug Jeera futures have reversed the down trend by forming a “bullish hammer” candlestick pattern on daily charts. This indicating some temporary pullback can be possible in the counter towards 15160 & 15345 levels.
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