Monday, March 26, 2012

MCX Commodity Tips, Crude and Copper 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 Crude Updates
Prices seen trading firmly so far this day. So in the evening session counter likely to continue positive move towards 5545/5580 or even higher. Alternatively, a break below 5470 region could scale down prices towards 5445 region for a swing higher. Major weakness seen only below 5420 region. Crude oil prices have given a breakout from a symmetrical triangle. Daily stochastic is building strength and prices are trading above short term averages. We expect prices to go up to levels of 5,550 levels. We recommend a buy around 5,450 levels with a stop loss placed below 5,380 levels for a target of 5,550.

MCX Copper Updates
Expect to move up and find resistance at 437/439 or further more as long as prices stay above 431. Unexpected sell off below 429 could negate our intraday bullish expectations and take prices lower. Copper prices are trading close to a crucial resistance of 434. MACD is loosing its strength. Immediate support is 429 levels where the short term averages are placed. We recommend a sell below 429 levels with a stop loss placed above 440 levels for a target of 415 levels

Copyright © MCX NCDEX Commodity Tips Design by O Pregador | Blogger Theme by Blogger Template de luxo | Powered by Blogger