Tuesday, March 27, 2012

MCX Commodity Tips and MCX Updates For Today

Copper Updates, Crude Updates, Gold updates, mcx siver tips, ncdex, ncdex live, mcx tips today, mcx silver tips, free commodity tips, mcx commodity trend, mcx base metal tips

MCX Gold Tips

MCX Gold (Apr) prices are expected to trade higher to the tune of 28550 -28500. We recommend to buy on dips around 28280 -250. Prices should hold the support at 28100 on lower end. Prices were seen hovering in a positive territory, even though early trade possibly to take an edge down and such initial moves likely to find support at 28200 region for a roll back towards 28400/28490 or even higher.

MCX Silver Tips

MCX Silver (May) prices have started a new move on the upside and now the rally is expected to continue still 58300 initially followed by 58900/60000. however a direct dip below 56800 would be an early signal of renewed selling pressure. Silver prices are expected to test 58600-58800 on higher end. One should buy on dips around 57400. Oscillators are turning up.

Copper Updates

Our report suggest that Copper prices are taking resistance close to the previous top which is 440 levels. Stochastic is loosing its strength. We expect prices to correct up to levels of 435. Now Copper Prices have support at Rs433.50/kg and resistance at Rs442/kg.

MCX Commodity Tips

MCX Gold
Trading Call: Buy around 28400 levels with a stop loss placed below 28300 levels for targets of 28600 levels.

MCX Silver
Trading Call: Buy above 57800 levels with a stop loss placed below 57300 levels for targets of 59000 levels.

MCX Crude Oil
Trading Call: Sell below 5470 levels with a stop loss placed above 5510 levels for targets of 5370 levels.

MCX Copper
Trading Call: Sell around 439.50 levels with a stop loss placed above 443 levels for targets of 435 levels.

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