Gold has reached to 3 months upper level in the global market, however, sell-off has to overtake around this level. At present at COMEX Gold seems at 1117.3$ per ounce with a slight weakness of 0.1%, while Silver fall to 0.5% moved to 15.25$.
We are seeing a decline in Crude oil because of a recession in Japan’s Economy. Currently, the WTI crude oil price has come at the level of 42.3$ per barrel at NYMEX. The Brent Crude Oil price has come to 48.6$ per barrel.
Commodity investment Advice
MCX Gold October Future Buy at 26042 Target 26049, 26052, 26055 stop loss 26039.
MCX Crude Oil August Future Sell 2734.45 target 2731.87, 2729.30, 2721.60.