MCX Silver Technical levels For Today

Silver Prices are trading in a consolidation phase with slight positive bias towards 29150/29180, but we are not expecting major rallies until it cross above the 29280 level and such initiative lift prices towards 29340/29400 or even higher. Conversely unexpected fall below 28800-780 region may drag down the prices firstly to 28680/28460.
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MCX Commodity Newsletter For 17 Nov 2011

GOLD DOWN 1 PCT ON EURO ZONE DEBT FEARS.
CRUDE SLIPS AS EUROPE DEBT WORRIES EYED.
COPPER DOWN; EURO ZONE WORRIES, EQUITIES WEIGH.
DOMESTIC OIL AND OILSEED TRADE UP.
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MCX Bullion Market Analysis and Tips for Today

Gold trading is slow today. While silver is a declining trend. International market is trading strongly with the gold, the silver has been in decline.  on COMEX  gold trading at 1,764 dollars per ounce with up 0.3 percent.
on the COMEX Silver is trading under $ 34 with down of  0.5 percent . on MCX gold is trading at about Rs 28 660 the weakness of 0.15 percent . on MCX Silver is trading at Rs 56 800 0.5 percent fall.
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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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MCX Bullion Weekly Techncal report 29 Aug To 3 Sep 2011

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MARKET OVERVIEW
COMEX Gold is in an upward phase. Last week COMEX Gold was down for most part of the weekand on last two days it bounced back and was able to made a weekly close above 1800$ an ounce. In the coming week 1700$ will act as a major support in COMEX Gold. If COMEX Gold sustains above 1765$ an ounce then above 1835$ an ounce it can touch the level of 1855/1875$ an ounce and if COMEX Gold sustains below 1750$ then it can go slightly down and test the level of 1730/1705$ an ounce.
STRATEGY
For the next week traders can use buy on lower level strategy if COMEX Gold sustains above 1800 $ an ounce, then above 1835$ it can test the level of 1855/1875$ an ounce and above 1920$ it can further move upward. And in MCX Gold above 28000 it can test the level of 28400.Trade by keeping the strict stop losses. Major support for COMEX Gold in the coming week is 1680$ and 1640$. Major resistance for COMEX Gold in the coming week is 1920$ and 1950$
Major support in MCX Gold is 25500 and 24700
Major resistance in MCX Gold is 28400 and 28900
Silver Technical Analysis Report
MARKET OVERVIEW
COMEX Silver is in an upward consolidation phase. Last week COMEX Silver closed near to its week high. For the upcoming week 3900 $ and 3700$ are the crucial supports and 4400$ and
4500$ are crucial resistance in COMEX Silver. In MCX Silver 68000 and 70000 will act as major resistance and 58500 and 57000 will act as major supports.
STRATEGY
Technically COMEX Silver is bullish on charts. For the next week traders can use buy on lower level strategy if Silver sustains above the level of 3950$ an ounce, then above 4150$ COMEX Silver can test the level of 4220/4290an ounce and above 4350$ it can move further upwards and test the level of 4420/4460$ an ounce. And in MCX Silver sustains above 60800 above it can test the level of 65000/66000/67000 and above 67800 it can test the level of 69000/70500. Trade by keeping the proper stop losses.

Crude Oil Tips Intraday | Please Maintai Stoploss

BUY CRUDEOIL FUT Above 4410 TGTS-4430-4460 SL-4300
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MCX Precioumetals Call | MCX Market Analysis News

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Note:- Don't Make Any Position At This Time . I will Suggest After Data Come. Read More About Silver Technical Report

A divergent trend developed in the bullion market on Thursday as silver plunged by Rs 1,500 to Rs 56,000 per kg on selling by stockists and gold recovered by Rs 120 to Rs 22,820 per 10 grams.

Gold gained on fresh buying by retailers for the ongoing marriage season and wiped off most of the previous day''s losses.

Silver coins followed suit and nose-dived by Rs 4,500 to Rs 61,000 for buying and Rs 62,000 for selling of 100 pieces.

A similar trend overseas further fuelled the trading sentiment in the national capital. While gold rose by USD 4.80 to USD 1,539.10 an ounce and silver plunged by 4.29 per cent to USD 36.82 an ounce in New York.

On the domestic front, silver ready tumbled further by Rs 1,500 to Rs 56,000 per kg. It had lost Rs 800 on Wednesday.
Silver Weekly Analysis
Silver weekly-based delivery moved down by Rs 1,490 to Rs 56,000 per kg, after losing Rs 810 in the last trading session.

On the other hand, the gold of 99.9 and 99.5 per cent purity bounced back by Rs 120 each to Rs 22,820 and Rs 22,700 per 10 grams, respectively. The yellow metal had lost Rs 170 in the previous session.

Sovereigns continued to be asked around the previous level of Rs 18,700 per piece of eight grams in restricted buying.
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MCX Gold and Silver Suppoer and resitance For Today 2 June 2011

Gold rebounded from early losses on Wednesday
Silver slips almost 2% on Wednesday
Oil falls on weak US economic data
Copper slips on growth concerns
Stocks of copper in LME warehouses rose 3,075 tonnes
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MCX Silver Buy Target 56000

Silver : Buy - 55200, Stoploss - 55000, Target – 55350 55450

MCX Silver 60000 This Month Read More 

MCX Silver Buy Target 56000

Silver : Buy - 55200, Stoploss - 55000, Target – 55350 55450

MCX Silver 60000 This Month Read More 

MCX Silver Call | MCX Market Outlook Today

MCX Silver Intraday Call For Today


Buy Silver Above 53150 Stoploss 52800 Target 53400

Basemetals Outlook
Metals, including Copper is a decline in trading Today. MCX copper at nearly 1 percent decline. I strongly and demand in the coming days in dollar projected to drop below 1 per cent copper at Elma down is dropped down to 9000 dollars perton. That lead, nickel and zinc also declined by 1 per cent.
Crude oil Outlook
The effect of foreign markets fall in crude prices is having on domestic business. Crude oil has come down to $ 100. While the 111 dollar Crude is trading.
Gold and silver business is slow today. That too has seen a marginal decline in silver. MCX Silver 60000 This Week Read More: Click Here


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