Thursday, August 30, 2012

Copper Updates|MCX Tips For Gold Silver Today

Copper Updates

Copper on the London Metal Exchange is gained about 0.20 per cent. Copper slowdown in the domestic market on Thursday with 427 to Rs. In last trading MCX Copper closed on nighther loss nor profit level. But it is looking consolidate for today. Copper updates suggest that it may go higher if it check the intraday level of 430 today, else below the 423 level it will be in a down trend. MCX Copper updates are to buy on lower levels.

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MCX Gold Tips

International market has seen a decline in gold. COMEX gold dropped 0.15 percent and trading at $ 1,652. In the domestic market Gold was trading on a flat node. It shut stop at 30865 with a marginal gain of 18 points on its last trading session. Technical tips suggest that Prices have entered into a negative territory with a downside objective of 30620/570 levels initially followed by 30480. In this bleak outlook, an unexpected vertical rise above 30830 region would be an early indication of a trend reversal with a price target of 30920/31000 or even higher towards 31080. MCX Gold Tips is that it is looking flat for intraday but bullish for long term trading session. We suggest a buy in MCX Gold for today's MCX Gold Tips.

MCX Silver Tips

In Silver international market has seen a decline in silver also. COMEX Silver shed by 0.30 per cent and trading around $ 30 per ounce. In the domestic market MCX Silver dropped 1.03 per cent to Rs 56967 was shut down. In MCX Silver had face a selling pressure in last trading. But the buying sentiments are looking above 57800 level. If MCX Silver cross these level then it may relly upto 58900 levels. Technical tips suggest that silver my go upto 59000 level in short term. MCX Silver Tips is to Buy above 57522 with a stop at 56612, else below 56385 go for sell.


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