Gold prices are expected to trade within the range from 31100 to 31500, one can buy gold commodity on dips around 31250 -31210 with a stop loss below 31100. One can expect a bounce in MCX gold till 31500-31550.
Silver prices are holding to the support at 62000 -61800, we can expect prices to test 63600 -64000 on higher end.
Copper prices are expected to trade within the range from 435 to 445, one can buy mcx copper commodity on dips around 439 -438 with a stop loss below 435.
Nickel prices are holding 950 support and resisting 985 on higher end. Hence we expect a range bound in nickel commodity move from 950 to 980.
Lead prices are expected to trade within 123 to 120, one should remain caution in long position below 119.50. one can buy MCX lead commodity with a stop loss below 119.50.
Crude price are expected to trade higher to the tune of 4960 5000. One can MCX crude commodity dips around 4870 -4860 with a stop loss below 4800.
Friday, September 28, 2012
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