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Friday, December 23, 2011

MCX Commmodity Updates Today: MCX Silver and Gold are Positive, Copper Crude, Oil serged again

Bullion metals are trading higher on MCX. Gold is trading around 27750-800 and prices can touch the level of 27850-900 today.

Uptrend has been seen so far in MCX Silver and this precious metal has jumped up more than 0.50 %. Trading above 53500 would yield more upside momentum in MCX silver.

MCX Crude oil is prevailing its bullish trend and it is looking forward to breach 5300 level today.

Copper prices are also in upside trend. Copper has breached the resistance of 404.50 and now heading towards 409 level.

MCX commodity Updates and commodities Trend Today

MCX Copper ended green on domestic commodity market and touched 400 mark. Today, copper may extend this positive trend steadily to run towards 403-404.50 level.
Nickel on The other hand gave up all the gains of the day and declined over 1% by the end of the day. Still Nickel is a strong recommendation for buying and we can expect prices to cover up losses today.
Gold and Silver traded lower on MCX. The precious metals are likely to prevail this trend. Crude oil again boosted up.
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