Commodity market also decline along with equity market, now the market bounced back from lower levels. Taking sign of a heavy slowdown in China, the crude oil dropped to 6.5 years lower level. Profit booking increased in Gold, but Silver looks weak.
Commodity investment advice:
MCX Crude Oil September Future Sell at / below: 2613.76 Targets: 2602.3, 2589.55, 2576.85 Stop loss : 2626.56.
MCX Silver September Future Buy at / above: 35485.14 Targets: 35514.48, 35561.6, 35608.74 Stop loss : 35438.06.
MCX Gold October Future Sell at / below: 27266.26 Targets: 27238.61, 27197.35, 27156.13 Stop loss : 27307.56