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Friday, October 21, 2011

Gold Silver and Crude oil Trading Tips For Today with Technical Report

Bullion Metals Analysis Report
Gold is trading at today's edge. On MCX prices have once again crossed the Rs 26 500. Silver has also been strengthened. Increased weakness of the rupee against the dollar today. The gold and silver has moved up. Silver on MCX with 1 per cent is trading at rate of Rs 52 226.
Crude Oil Tips Today
Today on MCX Crude has risen sharply, Crude oil is trading more than 1 percent upper side at above Rs. 4,300.On NYMEX Crude pil prices  running above $86. although there is no improvement in the euro zone.The Libyan crude oil production by the end of this month is expected to grow.
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Gold Silver Technical Analysis For Today

MCX Silver on Thursday closed in red at 51825 by declining more than Rs. 400 today I expect trend is consolidate and i have not positive data for today. Advice Today Buy above Rs. 52000 and Sell below 51500.

Support:- 52700 another one 54200 and support should be near about 50500 and second support 48400.
Gold Tips -
Trend is consolidate I expect first Resistance near about 26750 more than it close to 27200.
First Support should be very close of 25980 and second near by 25600.
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MCX Commodity Tips :- Gold Silver Newsletter and Intraday Tips For Today

Gold Tumbles as Euro Zone Debt Worries mount.
Oil down on Euro debt crisis.
Copper hits 2-week low as Eu debt talks stagnate.
Indian spices up on festive demand.
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