Tuesday, March 5, 2013

MCX TIPS TODAY,CRUDE OIL UPDATES FOR 5TH MARCH

MCX Tips Today:
For Short term MCX Gold suggested to take a reversed in its price after getting a resistance at 30100 levels. Although MACD is in a sell mode. We are expecting that today prices may correct to 29450 levels. In Silver the trend is in perfect bullish one can buy it on lower level today get maximum gain from Commodity market. For Intraday Trading MCX Tips for Today's trading are-

MCX Gold: Sell around 29600 levels with a stop loss placed above 29700 levels for targets of 29450 levels
MCX Silver: Buy around 54900 levels with a stop loss placed below 54500 levels for targets of 55500 levels

Crude Oil Updates:
With 0.5 per cent on MCX crude oil has risen to Rs 4970. Latest trend for crude oil is looking bullish for the day. Crude oil updates suggest that prices have reversed after taking support at 4950 levels. Stochastic is in a buy mode. We expect prices to go up to levels of 5020. on down side crude oil has a strong support at 4940 level for today. Buy is suggested on lower level.

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