Commodity Market on Monday

The first trading day of the week and the selling pressure in the international commodity market has been unleashed. Gold has finally rose up in the international market. Crude oil has slipped on NYMEX.

Currently gold has slipped 1 percent in the COMEX at the moment, and is trading at 1,763 dollars per ounce. COMEX broke about 2 per cent on the Silver level has fallen to below 34 dollars per ounce. Copper on LME declined by 0.75 per cent.

Meanwhile NYMEX slipped 1 percent on crude oil is trading at 92 dollars a barrel. Brent crude on the ICE dropped 1 percent to $ 110.50 an ounce at with doing business.

Commodity Advice for Monday:

MCX Crude oil (October futures): Sell - 4980, stoploss - 5020 and target - 4900

MCX Gold (October futures): Sell - 31550, stoploss - 31 700 and the target - 31300