Thursday, October 25, 2012

MCX share Price Today: Gold Silver Copper

MCX Share Price, MCX Live Price, Commodity Price, MCX Gold Silver Price, Crude Oil Price, Copper Price

MCX Gold Silve Price:
Gold prices are expected to bounce till 30950 -31000 whereby it is expected to witness selling pressure one could sell on rise with a stop loss above 31130. Silver prices are expected to bounce till 59450 -550, one can sell with a stop loss above 60000. Prices  are expected to trade within a broad range from 60300 to 58500. Gold prices have also been falling continuously. The last 7 weeks in the international market, gold is trading around the lower level. In the domestic market, gold prices have not fallen much. The catch is that the slowdown in the world still remains. Despite this, gold is visible to the pressure. Currently, with a gain of 0.25 per cent on MCX gold is trading at Rs 30900. With 0.7 per cent, while silver is trading at Rs 59400.

MCX Copper Price:
Copper prices are expected to hold the support at 424-423, prices are expected to test 432-433 on higher end. MCX pressure is visible in the base metals. Copper and lead have declined. With a decline of 0.2 per cent copper is trading at Rs 426.60. However, aluminum, nickel and zinc have been 0.1-0.4 per cent. Copper and Lead in the 0.2 to 0.1 per cent has weakened. Nickel and zinc gained 0.25 to 0.1 per cent. MCX Copper Tips For intraday one can maintain a stop loss below 421. 

Crude Oil Price:
The Letest Crude updates suggest that crude oil has consolidate to down trend. Crude  price  are expected to  bounce if sustained above 4650-4640 one can maintain a small stop loss below 4625 for the target of 4700. The Technical updates are suggesting that crude has a crucial support at 4590 level and a strong support at 4685 level. Crude oil prices over the last 3 months is low. U.S. crude oil reserves have increased more than expected. According to the U.S. Energy Department last week, it rose by 5.9 million barrels, while the expected increase was 1.8 million barrels. U.S. crude oil production has also increased. Slight improvement in the U.S. economy by the Federal Reserve have agreed to. But still including Europe and China in the world economy remains sluggish. Currently, with a gain of 0.15 percent on MCX crude oil is trading at Rs 4655.

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