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Tuesday, December 13, 2011

MCX Commodity Updates for Today

Crude has been in upside mode from the every beginning of today's trading session. MCX Crude oil has climbed up more than half percent and trading above 5235 level.

Strengthening of dollar against rupee supported the Bullion prices and both Gold and Silver are trading green in MCX.

Base metals are up and Copper might touch 412 above 409.50 level. 

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Commodity Updates: Gold Silver Tips for Today

Gold and Silver Commodity closed in negative note. MCX Gold Feb contract declined nearly 1% and MCX silver did 1.5%. Today precious metals may take short covering move and we can expect some upside in these two metals. Silver if prevails 56000 level and manages to stay above 56350 then prices can touch 56700-850 today. Buy Gold above 28870 TG-29090-29150 while below 28700 go for short selling.
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