Commodity Report- Gold Silver Crude Copper Tips & Trend

On MCX  Gold closed at Rs.30,977/10 gms after a sharp fall yesterday. It touched an intraday low of Rs. 30,956/ 10gms. MCX silver prices fell 2.2 % by following a bearish trend in the spot silver and closed at Rs. 59,959/kg. It touched an intra-day low of Rs. 59,858/kg
Crude oil prices declined 0.6 % and closed at Rs.4,832/bbl. It touched an intra-day low of Rs.4,785/bbl. MCX Copper prices ended on a flat note  and closed at Rs.434.6/kg  It touched an intra-day high of Rs. 435.7/kg.

MCX Gold Dec : Sup-  30870/30760  Res- 31070/31170 
MCX Silver Dec : Sup- 59500/59100  Res- 60200/60600
MCX Copper Nov : Sup- 432.0/430 Res- 436.50/439
MCX Crude Oct: Sup-  4770/4730  Res- 4870/4920

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MCX/Spot Gold Silver Trading Tips And Support Resistance Levels

For this week, MCX Gold is showing downtrend. Gold is likely to find Support at 30900 - 31000 levels. Resistance range is expected to be between 31550-31600 levels.
Gold (MCX & Spot) Trading levels for the week 
Sup1-31000 / $ 1735  Res1- 31600 / $ 1770 
Sup2-30500 / $ 1710  Res2-31840 / $ 1785 
Gold Trading Tips: Sell MCX GOLD December between 31500-31550 with Stop Loss- 31800 for Targets - 31100 / 31000

For this week MCX Silver is also in downtrend. Silver may find support around 60000 levels. Resistance is expectec in the range 62800-62900.
Silver (MCX & Spot) Trading levels for the week 
Sup1-60000 / $ 32.75  Res1-62900 / $ 34.40 
Sup2- 59500 / $ 32.50   Res2-63500 / $ 34.70 
Silver Trading Tips:  Sell MCX Silver December between 61800-61900 with Stop Loss-62500 for Targets -60750 / 60550

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Free Trend- Gold Silver Copper | MCX Trading Tips Today

MCX Gold December Contract is looking bullish for the day. Market may find support near 31280 & 31170; intraday resistance can be seen near 31390 & 31480. Buy is suggested for intraday on dips. Buy around 31280 with Stop Loss placed near 31170 and for the target of 31390 & 31480.
 
MCX Silver December is showing up trend today and it is suggested to to buy for intraday on dips. Buy around 61650 with keeping stop loss at 61100 and for the target of 62000 & 62500.

MCX Copper November is also giving positive signal. Hence it is advised to buy on dips for intraday. Buy around 436 with SL 433, for the target of 
439 & 442.

Bullion Metals Technical Support Resistance Today|Commodity Market Updates

Globally we see a downtrend in commodity market. Gold at Comex is trading at 1750 at 1764. US dollar index trading at 80 now at 80.19.NYMEX crude trading above 90 now at 91.70.Dow future trading with 29 points down.

Gold December closed at 31312. On downside 31250 remains support for the day. A decline below this level would take the prices to 31100 levels. 31450-31500 would continue to act as resistance levels.

Copper November closed at 438.80. Copper prices continue to trade sideways, a decline below the support of 436 levels would drift prices lower towards 432.00 levels. 443 would act as resistance for the day.

MCX Gold Silver Technical Analysis & Profit Making Techniques

Spot gold declined to the lowest in more than a week against the stronger dollar. Precious metals are trading marginally higher on COMEX today. We expect prices to trade higher for the day. Gold prices are  expected to trade positive and to trade higher.

Gold Dec Sup3-30040 Sup2-31150 Sup1-31280 Res1-31360 Res2-31450 Res3-31540

Silver futures prices also fell at the International commodity market on the back of weak Asian equities. Euro is likely to remain on down trend. Silver is likely to stay weak for the day. It is recommendeed to stay short for the day from higher levels.

Silver Dec Sup3-60650 Sup2-61000 Sup1-61400 Res1-61800 Res2-62250 Res3-62650