Monday, August 13, 2012

MCX Commodity Tips For Gold Silver Copper and Crude

MCX Gold Silver Tips

In MCX, Gold has been in the spotlight once again. Then the gold price has gone beyond Rs 30,000. Is about 0.5 per cent in the domestic market. In the international market, gold is trading with an edge. However, the catch is that when the gold price goes up to Rs 30,000, selling occurs. Gold price in the international market is still down significantly from record levels, while the domestic market is trading close to record levels. Gold and silver in the international market has seen a slight edge. COMEX ended with the gold is trading at $ 1,612, while silver is around $ 27 with a gain of 0.25 per cent. Tips and Trend suggest that MCX Gold and Silver are now trading on a consolidate pattern. MCX Gold is trading at 30050 level while MCX Silver is trading at 53367 with a loss of 123 points. MCX Gold Tips is to buy on lower level for today, while MCX Silver Tips for today is to sell on higher levels.

MCX Crude Oil Tips

MCX crude oil has risen with nearly 1 per cent beyond Rs 5180 and closed its trading on 5165 level in last trading session with almost 0.5 per cent up. MCX Crude oil is looking to gain 5200 level in today's trading session. Having a resistance of 5220 level with a supoort at 5110 level crude is looking consolidate to bullish. MCX Crude Tips are to buy on lower levels.

MCX Copper Tips

MCX Copper Tips is, Copper is looking in a full bear mode. In last trading it was closed at 412.25 level down by 2.80 points. In fect all base metal sector is facing a down trend. MCX in the base metals except nickel metal has weakened. Nickel is trading at Rs 859 close up 0.66 per cent. 0.15 to 0.4 per cent decline in the metals. MCX Copper Tips is to Sell on higher levels.

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