MCX Commodities - Gold Silver Crude Copper Zinc Lead Aluminium Nickel Trading Tips Trend & Levels For Today:
MCX Bullion Outlook : Precious metals to trade with a negative bias on the back of strength in the DX. Additionally, rise in risk aversion in the global markets will add downside pressure on prices. Gold MCX August contract increased around 3 percent and closed at Rs.29,754/10 gms. Taking cues from rise in gold prices, Spot silver prices gained 0.6 percent in the last week.
1> Gold Aug’12 : Support-29900/29700 Resistance-30300/30600
2> Silver Jul’12 : Support-54100/53500 Resistance-54800/55200
Crude Oil Updates: crude oil prices to trade lower on account of rise in OPEC production coupled with slowdown in the global economy. Additionally, a stronger DX will also act as a negative factor for the commodity. Crude oil prices declined by 8.4 percent and closed at Rs.4,631/bbl on Friday after
touching a low of Rs.4,624/bbl during the week.
1> Crude June’12: Support-4580/4540 Resistance-4680/4740
Base Metal Updates : The base metals pack traded with a negative bias in the last week on the back of rise in risk aversion in global markets coupled with
stronger DX. Copper prices declined around 4 percent on the LME in the last week taking cues from unfavorable economic data from the US
1> Copper June’12 : Support-405/402 Resistance-410/413
2> Zinc June’12 : Support-103.70/103.0 Resistance-105.30/106.30
3> Lead June’12 : Support-104.80/104.0 Resistance-106.30/107.0
4> Aluminum June’12 : Support-107.50/106.80 Resistance-109.0/109.80
5> Nickel June’12 : Support-888/878 Resistance-910/91
Get All Commodity Tips on Ur Mobile By SMS. Just Fill The FREE TRIAL Form.MCX Bullion Outlook : Precious metals to trade with a negative bias on the back of strength in the DX. Additionally, rise in risk aversion in the global markets will add downside pressure on prices. Gold MCX August contract increased around 3 percent and closed at Rs.29,754/10 gms. Taking cues from rise in gold prices, Spot silver prices gained 0.6 percent in the last week.
1> Gold Aug’12 : Support-29900/29700 Resistance-30300/30600
2> Silver Jul’12 : Support-54100/53500 Resistance-54800/55200
Crude Oil Updates: crude oil prices to trade lower on account of rise in OPEC production coupled with slowdown in the global economy. Additionally, a stronger DX will also act as a negative factor for the commodity. Crude oil prices declined by 8.4 percent and closed at Rs.4,631/bbl on Friday after
touching a low of Rs.4,624/bbl during the week.
1> Crude June’12: Support-4580/4540 Resistance-4680/4740
Base Metal Updates : The base metals pack traded with a negative bias in the last week on the back of rise in risk aversion in global markets coupled with
stronger DX. Copper prices declined around 4 percent on the LME in the last week taking cues from unfavorable economic data from the US
1> Copper June’12 : Support-405/402 Resistance-410/413
2> Zinc June’12 : Support-103.70/103.0 Resistance-105.30/106.30
3> Lead June’12 : Support-104.80/104.0 Resistance-106.30/107.0
4> Aluminum June’12 : Support-107.50/106.80 Resistance-109.0/109.80
5> Nickel June’12 : Support-888/878 Resistance-910/91
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