After a positive trading session for a while, Gold prices witnessed corrective selling and subdued the positive trend. Silver On MCX is trading lower with a loss of nearly 1%. Below 52500, a short selling is suggested in Silver MCX. Copper has also declined and trading around its support level of 409. a trade below this level may invite more downside in copper commodity. As far as prices prevails the 409.50 level, copper may regain the bullish momentum again.
Showing posts with label Copper Updates Today. Show all posts
Showing posts with label Copper Updates Today. Show all posts
Wednesday, January 4, 2012
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.
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