MCX Commodity Updates Today: Gold Silver Trend

The buying sentiment is being seen in precious metals. MCX Gold ended with slight gain on weekends and ahead of US holiday, precious metals are witnessing less volatility. MCX Gold Feb contract rose by 0.10% and currently trading above 27530 level. Prices are expected to reach 27650-27700 today.

Silver has gained over 0.40% and trading above 52350. Traders can buy silver around the same level and can wait for the levels of 52500-52700.

Crude oil is now recovering from last few days downfall. It is now trading near 5120 level. A trade with volume above 5159 would bring back the bullish momentum in crude oil prices.

Gold Silver Trading Strategy With Technical Analysis

Both Precious Metals Expected to trade up Today. Global News and Updates indicate strong in Gold Silver.
The October-December quarter is expected to bring 250-300 tonnes of silver demand from India alone, a 50% increase over 2010 levels. 
Gold, which is significantly more expensive in nominal terms, especially after fears of a European Debt Crisis contagion event, is expected to see a smaller 30-40% increase in demand.
Bullion Global News Analysis and Trading Strategy 

MCx Bullion Tips and Commodity Market Analysis strategy For Today

Yesterday's rise in base metals on MCX Today is not seeing same. MCX is seeing a decline in base metals at all.
On MCX Copper has declined 0.7 per cent and is trading at Rs 378.40. Fall 1.4 percent lead is trading at Rs 97.60. Aluminum is a light edge to see. 1 per cent, with weakness of zinc is at Rs. 92 . Away more than 1 per cent of nickel is trading at Rs 984.
While on MCX gold and silver is trading at a slight edge. With 0.3 percent gold is trading at Rs 26 800. Silver gained 0.5 percent is reached at Rs 53 370 . MCX crude oil at Rs 4586 with 1 per cent is reached.
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How To Trade in Commodities :- Crude oil on MCX | Crude Tips For Today

Yesterday crude oil closed in red signal and today still crude oil trading in down side around 1 percent on MCX.The decline in crude oil is still continuing on Tuesday. On MCX, crude oil is trading at around 1 per cent. Although crude oil prices is still up to Rs 4,200. The decline in crude oil trading at NYMEX going on, but the price is above $ 85. While OPEC has reduced its estimate on the demand for crude oil crude oil prices which are in pressure situations.
I expect Selling pressure in Crude oil Today.
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