Commodity Prices Face Expected to Continue Declining, MCX Crude Oil Tips Today

Crude oil prices have seen the most dramatic decline. Crude-oil futures fell in MCX trade Thursday.

The Nymex oil futures Edges closer to the $40 a barrel mark after dropping fresh six year low in the previous sessions .

Prospect Analysis Oil complex failed to recover on slight weakness in International markets while high volatility got noted in the Futures market.

On the MCX platform Crude oil (Sep) may remain on flat note in range of 2800-2870.

MCX Tips Today 

BUY CRUDE - AUGUST (MCX)@ 2708.00, Target: 2742.00, Stop-loss: 2690.00

SELL GOLD - AUGUST (MCX)@ 256.20, Target: 252.00, Stoploss: 261.10

SELL SILVER - SEP (MCX) @ 35900.00, Target: 35720.00, Stop-loss: 36010.00

MCX Energy Tips Tomorrow| MCX Crude Oil May Trade Higher

Commodity Plus 

Wednesday market ended higher. Mcx crude oil bullish  note on trading by 0.51 percent at Rs.3928/bbl.Costs are ascending before a U.S. government report anticipated that would demonstrate local unrefined inventories fell for an eighth week.

However In the international Market oil trading in red as Greece proposal to its creditors has been rejected.

Buy Mcx Crude @ 3890-3940

Target at-3945-3990

SL below -3866