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Tuesday, August 30, 2011

MCX Gold , Silver and Copper Technical Report and Call For Today 30 Aug 2011

MCX Precious Metals trading positive today on MCX Silver trading +200 at around 61400 and Gold trading +70 around at 26800 today after two days decline bullion metals seeming in green signal.

MCX Silver Sell below 60900 stoploss 61000 target 6400 60200

Copper and aluminum 1-1.5 percent above today's base metals are traded. The lead, nickel and zinc is in the idling. With all metals including copper on the London Metal Exchange in the 1-1.5 percent up while the domestic market is increasingly mixed trends.
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MCX Commodity Support and Resistance For Today 30 Aug 2011





GOLD (OCT)                                      SILVER (SEP)
TREND
Bullish
RESISTANCE 2
27270
RESISTANCE 1
26990
SUPPORT 1
26480
SUPPORT 2
26220
STRATEGY
Buy on dips
TREND
Bullish
RESISTANCE 2
64100
RESISTANCE 1
62700
SUPPORT 1
59750
SUPPORT 2
58400
STRATEGY
Buy on dips









MCX Commodity Daily Newsletter For Today 30 Aug 2011

MCX Precious Metals Prediction and Technical Report
GOLD SOFTENS BUT EASING TALK LIFTS PRICES FROM LOWS.
OIL TRADES NEAR THREE-DAY HIGH; GASOLINE DROPS AS IRENE HURRICANE PASSES.
COPPER DROPS IN NEW YORK ON CONCERN CHINESE LENDING CURBS MAY HURT DEMAND.
DOMESTIC OIL AND OILSEED TRADE UP.

MCX Gold and Silver, Crude Oil Technical Report for today 30 Aug 2011

On MCX Silver Prices Yesterday decline more than 2400 closed at around 61100 MCX Silver did marked lots of benchmark and after all it will come down continuously. Don't make any Buy position in this way you can play short in Intraday. Currently Silver has perfect upper trend .

MCX Gold prices decline today more than 900 it closed around 26700 Gold has perfect upper trend but technical report says that it will decline more from this levels so pleas don't move to Buy.

 
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