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Tuesday, October 4, 2011

Commodity global Updates and Bullion prediction for Closing time

Today gold Price trading down towards due to heightened concerns over the prospect of a Greek financial crisis.
U.S. stock down more than 2 percent and also more than 3 percent in European market, however crude oil slipped more than $2 a barrel. in Basemetals copper and Nickel trading down side because fear of the euro zone sovereign debt crisis may spread to bank.
Gold on MCX till now trading decline more than 550 under at 25900 per 10 grams.I expect it will decline more from this levels. SELL call indication on closing round.
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Bullion Gold Silver and Copper Tips Intraday For Today

Gold is trading at an upper really today. On MCX, gold prices have reached very close to Rs 27,000. Gold in the last 4 days, gradually has increased by nearly 6 per cent.
Gold in the international market today is trading at around 1 per cent. The special part is that the volume of gold on MCX is much reduced. In spot market gold price has risen close to Rs 27,000. Light gaining in the silver.
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Gold and Silver Support and Resistance For Today 04th Oct 2011

Gold Silver Latest Updates and Prediction 
MCX Gold Technical Levels
R2 27400
R1 26980
S1 26500
S2 26000
MCX Silver Technical Levels
R2 56500
R1 52700
S1 49000
S2 46700
Trend - Bearish
Strategy-Sell on High

MCX Copper Tips Latest News and Updates Today ...........

As LME Copper prices tumbled to lows of $7000/tonne, uncertainty is the trend of the market.
On the supply-demand side, copper market may be in a deficit of 200,000 tonnes in 2012 and prices could average $9850/tonne next year.
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MCX Commodity- Gold Silver and Copper Newsletter For Today

Gold continuously closed in up after rocks markets.
Crude Oil Extends decline from one year low after worst quarter since 2008.
Copper hits 14 months low on greece and china data.
Indian Spices complex trade high.

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