Tuesday, July 10, 2012

MCX Gold, Silver, Copper Tips For Today

In last trading session all commodities closed in read position. MCX Gold was down by 0.78 per cent, MCX Silver moved 1.60 per cent down side. In base metal sector all metals are trading in a down position. Copper was down by more then 1.2 per cent, Nickel was down by 1.7 per cent, Zinc was down by more then 1 per cent. In MCX energy sector crude oil has change its trend, Now it is trading at 4750 levels with a bearish trend.

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MCX Gold Tips
MCX Gold is trading at 29427 level down by 0.78 per cent. It has a strong support at 29370-29300 levels with a resistance level of 29638-29700. Negative bias suggest gold will get the support levels. Gold had been closed below 1 week low. It is in a short position. For today mcx gold tips is to sell mcx gold at higher levels.

MCX Silver Tips
MCX Silver is trading at 52000 levels. In its last trading it cross the intraday support level and set itself to 52685 level down by 1.6 per cent. It has a sharp support at 51300-50500 levels with a resistance levels at 53200-54000. Silver and closed below 1 week low with volume signals down breakout. Currently Silver is in short position. For Today MCX silver tips is to sell silver on higher levels.

MCX Copper Tips
MCX Copper trend has been turn to 420. The Copper is now trading is approaching oversold level. The oscillator is showing SELL signal. Copper is in intraday short position today. We expect that after 423 levels it will be a good position in copper. For today support for the Copper is 417. Resistance for the Copper is 423-428. MCX Copper tips is to buy only after 423 levels.
 

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