Wednesday, September 12, 2012

Commodities Trading Prices

Gold prices are consolidating for the last three days, we may witness prices to test Rs 31750 -31700 and continue the uptrend. Conformation of the up move once it sustains above Rs 32000. Buying on dip recommended.

Silver prices are expected to witness fresh buying once it sustain above Rs 64100 we recommend to buy if sustains above Rs 64100 with a stop loss below Rs 63750.

Crude oil price are expected to witness a range bound move from Rs 5425-5310, one can trade within the range.

Copper prices may witness profit taking till Rs 447, we recommend to buy on dips around Rs 447-446. Prices are likely to test Rs 460 on higher end

Nickel price
s are expected to trade higher one can long with a stop loss below Rs 920. Prices expected to test Rs 960.

Lead prices
are expected to within the range from Rs 118.50 to Rs 115.50 one can trade with a positive bias.

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