MCX Commodity Trading Tips & Prices

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.

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Commodities Prices Today: 24th Sep 2012

Gold prices witnessed a sell off after breaking the range below 31750 and closed at 31506. We expect a bounce back till 31650 to 31720 whereby prices are expected to witness selling pressure. With appreciation in INR we expect prices to test 31200 -31100 on lower end.

Silver prices are expected to open gap down, we expected prices to test 62000 -61800 on lower end. For intraday if holds 62000 -61800 one can buy with a strict stop loss below 61700.

Crude oil price are expected to test 4880 -4850 on lower end, one can sell around 4950 -4960 with a stop loss above 5020.

Copper prices are expected to test 440 on lower end which seems to hold, for intraday one can buy with a stop loss below 440.

Nickel prices are expected to test 940 -935 on lower end. For intraday one can sell around 957-961 with a stop loss below 970.

Lead prices are holding strong but we expect selling pressure to continue below 119.50, one can sell below that or sell on rise around 120.60 -120.80.

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Commodities Prices To Trade Today

Gold prices are expected to witness profit booking till Rs 31500, for intraday one can sell around Rs 31800-31830 with a stop loss above Rs 31970.
Silver prices are expected to resist 64000 on higher end for intraday one can sell around Rs 63700-63800 with a stop loss above Rs 64200. Prices are expected to test Rs 62500 on lower end.
Crude oil price are expected to witness selling pressure one can sell on rise around Rs 5270-5280 with a stop loss above Rs 5355.
Copper prices are likely to witness a range bound move from Rs 460-450, for trading one can sell around Rs 457-458 with a strict stop loss above Rs 461.
Nickel prices are expected to test Rs 1000 on higher end. We expect buying to emerge around Rs 968-970.
Lead prices are expected to trade lower if sustains below Rs 121.20, one can initiate a sell below Rs 121.20 with a stop loss above Rs 112.50.

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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 prices 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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