Saturday, February 2, 2013

01-02-13 bearish gold|silver|base metal tips

Today commodity market open with a mixture of red and green, gold and silver open slightly higher towards positive sign.  Gold open at 29986 today its showing a strong downtrend and for intraday trader it is good to sell gold.

Sell gold below 29870 tgt 29830,29800, 29750……… 30050

Following gold, silver is also showing bearish trend, for silver a good support level of 57400 with a resistance level of 58654.

Sell silver (5 mar) below 57780 tgt 57730, 57690,57600…………sl 58865

All base metal showing red trend today, nickel, copper, aluminum experienced bearish.

Today intraday tips for base metal

Sell nickel below 979 tgt 978, 977,975…………… 985

Sell copper below 439.50 tgt 439, 438.60,  438………… 441

Sell lead below 129 tgt 128.50, 128………… 130.70

Today cotton is very volatile and some positive movement is expected in morning session.

Buy cotton above 16820 tgt 16830, 16850, 16870……… 16760

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