COMMODITY TRADING TIPS TODAY || Gold Copper Crude Tips

MCX GOLD SILVER OUTLOOK :- Gold and silver are expected to trade with a negative bias today on account of strength in the US dollar index, as a stronger dollar makes dollar-denominated commodities look expensive for the holders of other currencies. Silver will also take cues from downside in base metals pack.  However, a weaker Rupee may cushion sharp fall on the Indian platform

MCX GOLD SUPPORT & RESISTANCE (June'12) :- Support :- 28650/28500, Resistance :- 28850/28950

MCX SILVER SUPPORT & RESISTANCE( May'12) :- Support :- 56700/56200, Resistance :-57500/58000

BASE METALS UPDATES :-  Base metals are expected to trade lower today on account of weak  GDP data from China  which created demand  concerns  from the world's  largest metal consumer. Additionally, strength in the US dollar index will also act as a negative factor for metal prices. However, depreciation in the India currency may cushion sharp decline on the MCX 

MCX COPPER SUPPORT & RESISTANCE(Apr'12) :- Support :- 418/414 Resistance :- 424/427 

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Commodity Updates : MCX Tips Free

Aluminium Intraday Trend and Tips :- The Aluminium is in long- term bull phase .Currently Aluminium is moving sideways .In last 1 month volatility is very less and fresh Buy can be considered in the Aluminium if it close above113 or buy with strict stop at 109. The oscillator is showing SELL signal For short term Aluminium is in HOLD LONG position.

Natural Gas Intraday Trend :- Overall trend of the Natural gas is bearish for medium-long term .Currently Natural gas is showing some up move after small correction and trend is strong and supported with good volume The open interest is not increasing with trend . Caution note buying at higher levels seems decreasing. The oscillator is showing BUY signal For short term Natural gas is in HOLD LONG position

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