MCX COMMODITY TRENDS & TIPS TODAY

MCX Commodity Trend: 5th July 2012

Gold trading range for the day is 29398-29712. Gold is trading above 29557, now intraday gold is holding support at 29398 and resistance at 29712. Silver trading range for the day is 53523-53935.Silver is trading below 55274, with intraday support seen at 53523 and resistance at 53935. Copper trading range for the day is 421.9-429.9.

Crude trading range for the day is 4728-4808. Crude is holding with a support at 4728 and resistance will be likely at 4808. Natural Gas traded up in today's market with a heat in mostly part of US.Nat.Gas trading range for the day is 155.4-165. Natural Gas is holding with a support at 155.4 and resistance will be likely at 165.

Aluminium dropped slightly in today's commodity market. Aluminium trading range for the day is 105.53-107.63. Nickel trading range for the day is 925.03-949. Zinc trading range for the day is 102.8-104.8.

Commodity Tips Today:

SELL ALUMINIUM BELOW 106.20 SL 107.40 TGT 105.06-103.40
BUY CRUDE @ 4750-4770 SL 4718 TGT 4815-4855-4878
BUY NAT.GAS @ 159.80 SL 157.80 TGT 160.80-162.50-164.50