Monday, December 12, 2011

NCDEX, MCX, Commodity News For Today (13th Dec '11)

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Commodity News


  • Gold falls to 3-wk lows as crisis boosts dollar.
  • Oil fluctuates on europe debt outlook; iran calls for opec output cuts.
  • Copper falls as europe scepticism offsets china data.
  • Domestic oil and oilseed trade steady. 
NCDEX Trend 

Chana

TREND               Consolidate
RESISTANCE 2   3320
RESISTANCE 1   3255
SUPPORT 1         3135
SUPPORT 2         3070
STRATEGY         Sell on higher Levels

Pepper

TREND                Consolidate
RESISTANCE 2    37300
RESISTANCE 1    36580
SUPPORT 1          35200
SUPPORT 2          34500
STRATEGY          Sell on higher Levels
 

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