Gold commodity prices are expected to drift lower to the level of 30650 -30600, for intraday commodity market one can sell MCX Gold Commodity around 30900 -30950 with a intraday stop loss above 31070.
Silver commodity prices are expected to test the level 56800 -56500 due to profit taking. For intraday one can sell mcx silver commodity around 57750 -57800 with a stop loss above 58100.
MCX Crude commodity prices are expected to trade lower for the day as resisting the zone at 5360 -5370. crude Oil Prices are expected to test the level of 5250 -5220.
Copper prices are likely to witness a range bound move from 417 to 427 one can trade with a negative bias with copper around 424 with a stop loss above 427.50.
Lead prices are resisting at 110, If fails to sustain above that then one can sell lead commodity with a small stop loss for the target of 108.
Nickel prices as expected tested the level for 893 -890 on lower end. One can sell nickel commodity around 908 -912 with stop loss above 921.
Thursday, August 30, 2012
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