Monday, December 10, 2012

today mcx commodity news updates

On the MCX bullion again get their speed on the Feb contract. Today the yellow metal is open at 31348, 22 point high from its previous close. Its current price is 31360, 34 point high to its opening price at 11:02 am. Today gold is expected to trend with a support of 30900 and a resistance of 31755. While the white metal is on the flow of top gear moving towards 63000, today on the March contract silver open at 62658 its previous close is 62582. Its goes 150 point high at 11:07 am. In the global market silver consolidates a strong position and many experts predicted that it will goes a higher and break its all time record in the 2013. Similar situation is going to the oil market. In the Chinese oil market production is rise by 10.1% in November .the Chinese economy is covering with such production. On the MCX crude oil for December delivery is trading with a positive node its previous close is 4695, on the last trading there is good movement which is continue In Monday morning too. Meanwhile base metal Is also looking good today, today lead have a good movement on the MCX, its trading with a resistance of Rs 123 with a support level of Rs 119.8, its current price is 121.25 at 11.25 am.

Today MCX calls:-

Buy gold (5 feb) tgt 31400,,31500……31550……….sl 30900

Buy silver (5 march) tgt 62900….63050….63200…..63400……….sl

Buy cotton (31 dec) tgt 16455….16470…16490………….sl ……….16400

SELL COPPER FEB BELOW 446.5 TARGETS 445 , 443.5 , 442 STOPLOSS 449.5 

 BUY CRUDE OIL dec ABOVE 4710 TARGETS 4725 , 4740 , 4760 STOPLOSS 4680 

buy Mentha oil  tgt 1490 1458

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