Monday, June 11, 2012

MCX Commodity Trend: Gold, Silver, Copper, Crude


MCX Gold Trend Today

Gold prices can further inch up till 29880  -29930 whereby we expect selling pressure on gold to continue, one can maintain a stop loss above 30080 for today's gold commodity.

Today's gold commodity levels are:
Gold resistance level: 29970/30120
Gold Support level-29720/2964.

MCX Silver Trend Today

Silver prices are expected to trade within the broader range from 55250 to 53500 one could trade with mcx silver commodity within the range. Oscillators too suggest a flat to positive move.

Levels for today's Silver commodity
Silver Resistance Level -54700/55250
Silver Support Level -53700/53300

MCX Copper Trend Today

Copper prices are expected to witness a range bound move as from 414 to 406, one can look for buying opportunity for copper today around 408 with a stop loss below 404. Fresh buying could witness above 415.

Levels For Copper Toady are as follows:
Copper Resistance Levels-417/421
Copper Support Levels-407/397

Crude commodity Market Trend

Crude prices are witnessing a stiff resistance at 4770 – 4800 zone one can enter short around 4680 -4690 in crude commodity market with a stop loss above 4735.

Crude Commodity Levels for Today:
Crude Resistance Level-4670/4715
Crude Support Level-4525/4480

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