MCX (Crude and Gold) Tips For Today: 5th Jan '12

MCX Crude-

Today also MCX crude is looking bullish. Now it is trading at the level of 5454 with the intraday high of 5465 and a low of 5417. Crude oil has shown its trend that it may test the 5500 level in this week. It is looking bullish in this week and having a resistance level of 5490 and a support level of 5400.
We suggest that make a fresh position in MCX crude oil to grab maximum profit.

MCX Gold-

MCX Gold is looking little risky today. It is facing a bearish trend and trading on 27565 level with making a intraday high of 27875. Our expert said that MCX gold may face more downfall in this week. It is having the resistance of 28100 and a support level of 26900.
We suggest that it is not a right time to invest in gold.

MCX Crude Tips For Today, MCX Gold News

MCX Crude Tips-

MCX Crude is trading on its best yesterday it has crossed the 5400 levels in intraday trading. Today also crude is going with these levels. Now it is trading at 5419 with a intraday high of 5473 and a intraday low of 5414. It may test 5500 levels very soon according to our research report.

According to our expert Buy MCX Crude Oil in rang of 5,430-5440 with a stop loss of Rs 5,390 target should be Rs 5,520.


MCX Gold Tips-

Gold is getting higher price in mejor cities. In Chennai market, standard gold (99.5 purity) was up Rs 110 at Rs 27820 and pure gold (99.9 purity) was up Rs 110 at Rs 27960. In Ahemdabad market, standard gold (99.5 purity) was up Rs 100 at Rs 27875 and pure gold (99.9 purity) was up Rs 100 at Rs 28000.
In Mumbai Standard gold (99.5 purity) was up Rs 185 at Rs 27925 and pure gold (99.9 purity) was up Rs 190 at Rs 28050.
In Delhi market, standard gold (99.5 purity) was up Rs 135 at Rs 28075 and pure gold (99.9 purity) was up Rs 135 at Rs 27935.