Wednesday, September 5, 2012

MCX Tips| Commodity Trend For Today

Commodity market is the trend of shopping come before the meeting of the ECB and the U.S. amid expectations of Qi-3. COMEX gold and silver looks up, crude oil has been strengthened over the NYMEX.
At the moment COMEX Gold is trading at 1697 dollars per ounce with a gain of 0.2 per cent. COMEX silver on $ 32.60 per ounce with the 1 per cent to reached. Copper on the LME was up by 0.15 per cent. Brent crude on the ICE, with 0.4 per cent is trading at 113.70 dollars a barrel.

Commodity Trend For Today

The international updates are suggesting that all commodities are trading on a positive bias. Approaching same in the domestic market also. MCX Gold is looking more positive at the moment with a sharp resistance at 31700 level. Commodity Trend For Gold is up for today. MCX Silver is also looking bullish for today. Commodity Trend suggest a strong resistance at 62800 level. Copper updates also suggest a bullish trend in it.

MCX Tips For Today

  • MCX Gold (October Futures): Buy above 31410 level with a stoploss at 31340 and the target at 31550.
  • MCX Copper (Nov Futures): Buy above 426 level to get the target of 432 level with a stoploss of 423.

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