MCX Gold Silver Tips / Free MCX Crude Tips / MCX Copper Trading Tips / MCX Daily Tips / MCX Tips Expert News for 23rd Feb 2013

BULLION :

 GOLD

MCX Gold shows a downfall movement and found a support around 30000. On daily pictorial representation it reflects a continuousfall pattern. Now 30000 stands as a strong support, below it next support around 29700. On the contrary on higer side, resistance move around 30500 if the level unable to break 30000. It is advisable to sell below 30000 for target 29700-29500 with SL 30500.


 SILVER

MCX Silver last week showed downfall movements and found support around 56000.If this downfall continues support may found around 55000. On the contrary on higher, resistance may lead around 56900.
It is advisable to sell for the target of 54400 with SL 58100.

ENERGY :

CRUDE OIL

MCX Crude Oil showed resistance at 5273 last week. Now 5275 showed it as strong resistance, only above this can move towards 5375 level. Talking about lower than the 5275 level, if the level took a reverse then 5120 will stand as a strong support for it. It is advisable to buy for the target of 5265 with SL 5150.

METAL :

 COPPER

In last week, it showed a possitive attitude and the resistance can reach near 450. In the daily pictorial representation it showed an upward moving pattern. If this trend contineus then the resistance can find at 452. On the lower it may found support around 443.50.
It is advisable to buy with SL 443 for the target of 452-457.

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