Today on 20 September MCX Multi Commodity Exchange opened negative after a fall of 1.04%. MCX Metal is trading downward by 31.33 points at 5,454.66 after opening at 5,483.31. Yesterday spot gold rose as high as $1,779.10 an ounce, gold was up 0.4 percent at $1,777.89 in international markets. On MCX Gold prices were trading lower today. Gold for October contract was trading at Rs 31911.00 down Rs 107.00.
MCX Silver prices on MCX were also trading lower. MCX Silver December contract was trading at Rs 64170.00 down Rs 310.00. Its prices have moved up Rs 1160.00, or 1.84% in the December contract so far.
Copper Trading Strategy- Copper prices have been declined for November. If there is any break below 456 levels this would drift prices lower towards 451-448 levels for intraday. For copper 463 would act as crucial resistance.
Nickel: Nickel prices for September is looking buulish. Any sustained move above 960 levels would definately push nickel to move higher towards 960-970 levels. Its intraday support is seen near 940 levels.
MCX Silver prices on MCX were also trading lower. MCX Silver December contract was trading at Rs 64170.00 down Rs 310.00. Its prices have moved up Rs 1160.00, or 1.84% in the December contract so far.
Copper Trading Strategy- Copper prices have been declined for November. If there is any break below 456 levels this would drift prices lower towards 451-448 levels for intraday. For copper 463 would act as crucial resistance.
Nickel: Nickel prices for September is looking buulish. Any sustained move above 960 levels would definately push nickel to move higher towards 960-970 levels. Its intraday support is seen near 940 levels.
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