Gold mcx, silver mcx tips, mcx gold tips today, mcx Silver today, MCX Today, MCX Outlook Today, Commodity tips for today, free commodity tips, MCX Intraday Tips, MCX Trend, NCDEX trend, Copper Updates, Crude Updates
MCX Bullion Tips
MCX Gold- The daily price chart suggest that prices have breached the crucial resistance of 27550 levels. Prices can now go up to 29200 levels. Daily RSI & MACD are in a buy mode. We recommend a buy around 27600 levels with a stop loss placed below 27400 levels for a target of 29200 levels.
MCX Silver- The daily price chart suggest that prices have breached the crucial resistance of 57500 levels. Prices can now go up to 60000 levels. Daily MACD is in a buy mode. We recommend a buy around 58250 levels with a stop loss placed below 57500 levels for a target of 60000 levels.
Crude Updates
The daily price chart suggest that prices are trading close it crucial resistance of 5430 levels. Daily RSI and stochastic are in a buy mode. We expect prices to go up to levels of 5530 levels if the resistance of 5430 is breached. We recommend a buy above 5430 levels with a stop loss placed below 5375 levels for a target of 5530. The recent rally in the oil prices and persisting concerns over euro zone debt crisis kept markets under pressure. Commodities and equities slipped on concerns that rise in crude oil prices may create inflationary pressure.
Copper Updates
Base metals in LME remained mostly steady with a negative bias. Copper edged lower weighed down by concerns over demand from China and weak economic growth outlook. Nymex crude oil slipped from nine month high after International Monetary Fund warned that global economy was still at the risk of a slowdown.
Day’s bias likely for a dip favored till 421-419 region followed by a consolidation and drift prices higher. However a direct fall below the short term support at 414 would trigger strong selling pressure again.
