Mcx commodity market bearish| Mcx precious metal tips| Crude oil trend today

Mcx commodity market trading down side, Mcx gold and silver showing down side for long term trend. Mcx gold April contract open at 29930 from its previous close at 29981 gold trading 92 points down since morning. While Mcx silver future contract down 160 points or 0.355 at 45513.

India has allowed five domestic private sector banks to import gold, The Reserve Bank of India (RBI) has allowed gold imports by HDFC Bank (HDBK.NS), Axis Bank (AXBK.NS), Kotak Mahindra Bank (KTKM.NS), IndusInd Bank (INBK.NS) and Yes Bank (YESB.NS), officials at the respective banks told Reuters.

Mcx copper sell 405 targets 401/400/399 stoploss 408

Mcx crude oil buy 6110 targets 6136/6156/6176 stoploss 6070

Mcx gold buy 29880 targets 29916/29966/30010 stoploss 29750