Bullion Updates: MCX Gold tips

MCX Natural gas today declined nearly 1 per cent. However, in NYMEX, natural gas are doing business with rise in 1.5 per cent. Demand for the natural gas in the coming time is expected to grow in China.
Prices for crude oil in the domestic market have fallen by 1 per cent and are currently trading at Rs. 4712.Although international crude oil prices rose 1 percent at 84 dollars a barrel.

MCX gold has slipped half per cent, the price is at Rs 29 286. MCX Silver is trading at Rs 52,635 in a narrow range. There is a weakness in the international market in gold, while silver is trading with strength.
Weakness in base metals continues. Aluminum, copper, lead and zinc are trading in the red mark. Nickel is doing a slow business.
Wheat is trading with gain compared to the last weak trading. July wheat futures on NCDEX is trading with a gain of 1.5 percent. The August futures prices have risen up to 1,300 per quintal. The Union Agriculture Minister Sharad Pawar has said that despite a decrease in monsoon Ajanon exports will continue. International wheat prices have gone up in the market. 

Commodity recommendations for today:

Crude oil (MCX): Sell Rs -4 750, -4 799 stoploss of Rs Rs Rs -4 650 goals

Gold (MCX): Sell Rs -29 350, -29 450 stoploss of Rs Rs Rs -29 150 goals