Commodity Tips Levels 9 June : mcxncdex-commodity-tips

[abhinavpatel]

MCX Gold Levels :- Today gold has uptrend.It has resistance level at 29753.1 if this will break then next resistance level will be at 30109.6.Gold has support level at 29367.4 if this will break then support level will be at 29012.3.

Silver Levels :- Today silver has bearish trend and has resistance level at 55219. if this will break then nest resistance level will be at 55219.3.

[abhinavpatel]

Gold Trend Today 11 June 2012 :- Gold futures hit back above $1600 an ounce in Asia electronic trades today on news that Spain would seek a bailout for its banks, the health of which has been a source of much global anxiety.The metal is likely to trade in the range of $1550-1650 range this week....

[abhinavpatel]

p { margin-bottom: 0.21cm; } MCX Silver Trend :- Silver prices are expected to trade positive to the tune of 55900, prices
can further move up till 56700 one can hold buying position with a stop
loss below 54100.
MCX Gold Trend :- Gold prices are expected to test 30150 on higher end. However, one should
remain cautious unless closes above 30180 in long position at these levels.
oscillators are suggesting a positive move ahead.

[abhinavpatel]

p { margin-bottom: 0.21cm; } MCX Lead Trend:- Lead prices are expected to trade positive for the day, one can long with a
stop loss below 105.Support- 103.30/104.40 Resistance- 105/106.3.
Mcx crude oil Updates :- Crude prices are witnessing a range bound move. one can buy around
4650 with a stop loss of 4600 targeting 4720. Oscillators suggesting a
flat to positive move ahead

[abhinavpatel]

18 June 2012 :- Today Due to Greece elections Oil prices staged a relief rally in the early MCX trading session.Oil prices are expected to remain little changed this week, with US crude futures seen oscillating in a tight range around USD 84 a barrel, as investors await the outcome of Greece`s weekend elections.

[abhinavpatel]

MCX TIPS TODAY :- p { margin-bottom: 0.21cm; }After rise in commodity segment yesterday,today Commodity market open at positive note.The gold market’s immediate focus will shift to a meeting this week of the U.S. Federal Open Market Committee now that Greek elections have passed.

[abhinavpatel]

p { margin-bottom: 0.21cm; }a:link { } MCX Copper trend :- Copper is likely to trade with negative momentum during the morning session on Wednesday, 27th after obtaining modest gains a day before. Investors are reluctant to take new long positions as the perpetual spike in Spain bond yields are dashing the hopes of a concrete plan from the EU summit