MCX Commodity Report For Today : Gold, Silver, copper, Crude

Commodity Levels

MCX GOLD COMMODITY:
Today Gold prices are witnessing a range bound from 29100 to 29500, one can trade with gold commodity
within the range. Expected levels for today's Gold Commodity should be

Gold Resistance Levels -29170/29298
Gold Support Levels -28930/28750



MCX SILVER COMMODITY:
Silver prices are likely to trade positive in today's commodity market and witness 53300 – 54450 on higher end. One can trade within the range today with silver commodity. Expected silver levels should be 

Silver Resistance Levels -54700/55250
Silver Support Levels -53700/53300


MCX COPPER COMMODITY
Copper prices could witness selling pressure in today's commodity market if it sustains below the upward sloping trend line at 422.50 to the tune of 418  -417. A breach below 417 should confirm the momentum to continue bearish. We can expect the following levels for copper commodity

Copper Resistance Levels -421/424
 Copper Support Levels -417/412

MCX CRUDE COMMODITY
Crude  prices  have given a break down, one can sell crude commodity around  4890  -4900 for the target at 4780 -4750. Oscillators  are in over sold zone hence aggressive selling not advised for today's crude commodity. Levels for crude should be followed for today are

Crude Resistance Levels -4930/4970
Crude Support Levels -4845/4750

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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

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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

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