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Wednesday, April 25, 2012

Commodity Market Today: Gold Silver Trend and MCX Copper Tips

Despite of initial decline in international market, MCX gold and Silver commodities are likely to perform good today.

Comex Gold is declined slightly and trading near $1642 and with slight up edge, silver is trading above $30.

Copper could be a better bet for today's trade. Though on the London Metal Exchange, Copper is trading with a slight decline but MCX Copper in the domestic market may see further upside above 427.50 and reach upto 430-432.50 provoking day traders to go for a buy in this metal.

Money advice for investors -

Gold (June futures) MCX: Buy (On Dips) Rs -28800-820, TG- 28950-29050 SL-28720
Copper (April futures) MCX: Buy Rs -427.50 TG- 430-432.50 SL- 424.50

Thursday, April 5, 2012

MCX Silver Trend and Trading Tips Today

Silver, as we mentioned in our earlier post, saw a sharp decline below 56500 level and it is now trading near 56500 level. Silver prices on MCX have seen a downfall of more than 3.5%.

Inability to prevail 55500 level on downside would cause Silver to slip further down to 55000-54500. Major resistance is seen near 56250.

Trdaers are advised to be cautious and go for buy in silver only after a lower level is sustained.  

Wednesday, April 4, 2012

MCX Gold and Silver Tips for Today

A sharp decline has been seen in silver and Gold prices. With a drop of nearly 1% t, MCX Gold futures is trading near 27700 and prices are expected to extend this decline below 27700 level. Technically a trade above 27800 would negate the bearish view. Sell Gold below 27690 TG-27600-560
On the other hand MCX Silver prices are facing sharp decline. 56500 being the nearest support, silver prices may see further downside below this level. Major downside is expected below 56000.

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