Gold, silver, Copper, Crude Commodity Updates for Today

GOLD
Gold prices have witnessed a cool off after a upward rally, prices are expected to test the support zone at 29700. One can buy on decline as outlook for the precious metal is bullish.
LEVEL
R- 30110/30234
S- 29970/29880

 SILVER
Silver prices are likely to trade within a range from 53300 to 54900. one can trade within the range or wait for a range break for clear direction.
LEVEL
R- 54350/55250
S- 53700/53430

 COPPER
Copper  prices  could  test  413 -414 zone and  witness  selling pressure.  One can only enter long if sustained above 407 for the upside target at 412 and 414 maintaining a stop loss below 404. For intraday one can sell around 414 with a stop loss above 417.50
LEVEL
R- 413/417
S- 407/397

CRUDE
Crude prices are expected to bounce  till 4750  – 4800  zone  since we see the oscillators are in over sold zone and one can long with a strict stop loss below 4600
LEVEL
R- 4680/4770
S- 4580/4510

Continue reading →

Gold, Silver, Crude, Copper Commodity Levels for Today

MCX Commodity Tips

GOLD
Gold prices are  holding the  upward  sloping trendline  support  at  28200,  any
sustained move below 28200 can witness a sell off to the tune of 27900 -27800.
LEVEL
R-28270/28470
S-28150/28050


SILVER
Silver prices are holding 53400 – 53500 support for couple of days, we expect a  sell below 53400 for the down move till 52800  – 52700.oscillator also are in oversold zone hence aggressive selling not advised.
LEVEL
R-53850/54200
S-53400/52900

COPPER
Copper prices are expected to test 422 -421 zone on lower end. Prices are expected to hold the support zone, one can enter long with a small stop loss below 418..
LEVEL
R-429/434
S-426/421

CRUDE
Crude  prices  are  witnessing  selling pressure  and should continue till 5000 -4950 on lower end. Prices are expected to trade lower as long as trade below 5150. Oscillators are in negative territory.
LEVEL
R-5150/5170
S-5050/4970

Continue reading →

MCX Commodity Tips For Today : 17th April 2012

Bullion traded sideways on Monday's MCX commodity market. MCX Gold gained 100 point after making a low of 28441 and MCX silver gained 450 point after making a low of 55501 on intraday basis as Dollar Index dropped and EuroUsd  gained after Italian Trade balance data which shows European economy growing. Base Metals are seen weak in commodity market as Chinese economy is slowing down.


MCX GOLD Commodity for Today

Gold face resistance level of 28650 for today's MCX commodity market and make u-turn. It expected to find resistance around level of 28650-28700 for gold commodity. One may sell Gold for 27620 with a stop loss above  27665.



Resistance Levels for Gold Commodity for today – 28650 / 28725/28880
Support levels for Gold Commodity for Today – 28530/ 28420/28170

MCX SILVER Commodity Levels for Today's Commodity Market

MCX Silver commodity's prices gained as short term profit booking seen today. Tomorrow it is expected to take a resistance of 56200. One may sell silver at  around 56200 with a stop loss above 56330. Oscillators are in negative territory.

Resistance levels for silver – 56800/57330/57550
Support levels for silver – 55500/ 55100/54800

MCX CRUDE Commodity Updates for Today

Crude is still trading in a range. Tomorrow one may Buy crude commodity if trades around 5280-5300 with a Stop loss below 5265.

Resistance Levels  – /5350/5385/5425
Support Levels  – 5270/5217/5170

MCX COPPER Commodity Updates for Today

Short term profit booking seen in Copper but it is still trading in negative zone. Any higher side will call trader to sell copper. One could go short around 414 with stop loss above 417. With target of 411.5/408/405

Resistance levels for today's copper commodity – 417/421/427
Support levels for today's copper commodity– 411/407/404

MCX NATURALGAS Levels

Natural Gas gained 1.60 positive buying seen today. One may buy natural gas around 104.5 with a stop loss below 103 & a target of 108.

Resistance Levels – 408/411/417
Support levels – 403/402/401

Continue reading →

BULLION COMMODITY UPDATE

For bullion commodity again Friday proves as Black day. Gold dropped 150 point and silver dropped 1200 point on intraday basis due to European countries again falling in crises zone. ECB seen favoring Bond Buying rather than offer banks another round of unlimited 3 Year loans as the debt crisis deepens.

MCX GOLD LEVELS

Gold face resistance of 28800 in MCx commodity market and make u-turn. It expected to find support around level of 28450-28400. If Gold broke one may sell for 27900

Gold Resistance Level  – 28650 / 28725/28880
Gold Support Level– 28530/ 28420/28170

MCX SILVER LEVELS

Silver prices are expected to trade within a broad range of 54800 to 56800. One may sell silver commodity on top around 56500 with a stop loss above 57000. Oscillators are in negative territory.

Silver Resistance Levels – 56800/57330/57550
Silver Support Levels– 55700/ 55100/54800

MCX CRUDE LEVELS

Crude is trading in range of 5350 & 5200 in MCX commodity market for today. One may Buy crude if trades 20/30 Minutes above 5360 with a Stop loss below 5335.

Crude Resistance Levels– 5320 /5350/5385
Crude Support Levels– 5270/5217/5170

MCX COPPER LEVELS

Copper is still trading in negative zone. Any higher side will call trader to sell copper  commodity. One could go short @ 416 with stop loss of 419. With target of 411.5/407/404

Copper Resistance Levels – 419/424/427
Copper Support Levels– 412/407/404

Continue reading →