Market Update
Oil prices stabilised after falling for two straight days on concerns that slowing demand and rising Middle East production would extend a global supply overhang. The slight price increases followed a more than 6 percent fall since the end of April that was triggered by rising output from the Middle East and renewed signs of economic slowdown in Asia.
Expert's Call-
- Buy Gold MCX Entry 30090 at Target 30400 and Stop Loss 29939.
- Sell Crude Oil MCX Entry 2915 at Target 2850 and Stop Loss 2948.
- Sell Silver MCX Entry 41300 at Target 40900 Stop Loss 41600.