MCX Basemetals Intraday Call For Today 22 July

MCX Basemetals Intraday Call For Today :

Buy MCX  Nickel July between 1070-1070,StoplossL-1061,Target-1085 1090

MCX Market Analysis Report For Today 22 July 2011

Today On MCX Crude Oil Price trading in upper side due to expected demand on NYMEX Crude Oil Trading $ 100 per barrel.Experts say the European Union decision to give Greece the stimulus may increase demand for crude. Also, growth in the euro against the dollar weakness is to get off oil.Now on MCX Crude oil Trade At Rs 4431.

On MCX The precious metals seeming down side trading Now Gold and silver are trading around at 23000 and 58300 respectively.and Base metals trading in upper trend as wel as upper side and copper change .5 % Today.

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MCX Commodities Support and Resistance For Today 22 July 2011

Currently Silver is in HOLD LONG position In short term Silver is in strong up trend so hold with stop at 58000 The Silver Yesterday decline -1200 so please hold it. and Maintain proper stop loss and analysis support and reistance which give by me.

Currently Gold is in HOLD LONG position In short term Gold is in strong up trend so hold with stop at 23000 The Gold is now trading is approaching overbought level. The Gold is now trading is approaching overbought level.

 The Copper is in perfect uptrend .Currently Copper is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend .
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MCX Commodity Newsletter for Today 22 July 2011

GOLD STEADY BELOW $1,600/OZ; EURO ZONE SUMMIT EYED.
OIL TRADES NEAR HIGHEST IN A WEEK AFTER U.S. LABOR DATA, WEAKER DOLLAR.
COPPER FALLS FOR SECOND DAY AS MANUFACTURING MAY SHRINK IN TOP USER CHINA.
DOMESTIC OIL AND OILSEED TRADE MIXED.

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