Gold commodity are expected to trade positive and are likely to witness 31450 - 31500, one can buy MCX gold on dips around 31330 -31300. Oscillators suggest gold prices are expected to trade higher.
Silver prices are expected to trade higher for the day one can maintain a stop loss below 61000 and enter long.
Copper commodity prices are likely to test 437-439 on higher end. One can buy MCX copper commodity on dips around 434 with a stop loss below 429.
Nickel commodity are expected to trade within the range from 935 to 960, one can trade with nickel within the range with a negative bias and maintain intraday stop loss above 960.
Crude Oil price are expected to trade with a range from 4800 to 4900. For intraday one can long with crude commodity around 4830 with a stop loss below 4780.
Wednesday, October 10, 2012
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