MCX BULLION TIPS ~ GOLD SILVER UPDATES

MCX GOLD TREND

On the domestic front, prices increased by 0.7 percent on account of depreciation in the Indian Rupee and closed at Rs.29,765/10 gm after touching an intra-day high of Rs.29,784/10 gm on Monday.

MCX Gold Support and Resistance :- Support :- 29600/29450, Resistance :- 29850/29950

SILVER OUTLOOK

On the MCX, July Silver contract rose by 0.7 percent on the back of depreciation in the Indian Rupee and closed at Rs.54,694/kg after touching an intra-day high of Rs.54,940/kg in yesterday’s trading session.

MCX Silver Support and Resistance :- Support :- 54300/53900, Resistance :- 54900/55200

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MCX NCDEX COMMODITY TIPS,FREE TRIAL TIPS

MCX COPPER UPDATES :- Copper in China declined after consumer prices in the world’s largest base-metals user increased more than forecast last month, boosting speculation that the government may not add further stimulus. The metal for delivery in July fell as much as 0.9 percent to 59,900 yuan ($9,497) a metric ton on the Shanghai Futures Exchange, and traded at 60,190 yuan at 10:37 a.m. in Shanghai. May delivery-copper was little changed at $3.7935 a pound on the Comex. The London Metal Exchange is closed for a holiday today. On the Comex, net-long positions, or wagers on rising prices, held by funds were 18,642 futures and options contracts as of April 3, compared with 14,883 a week earlier, according to the U.S. Commodity Futures Trading Commission.

MCX CRUDE OIL TREND :- Oil fell for the third time in four days on concern fuel demand may falter after U.S. employers added fewer jobs than forecast, signaling economic growth may slow in the world’s biggest consumer of crude. Futures slid as much as 1.2 percent after climbing 1.8 percent on April 5. The U.S. created 120,000 jobs in March, the smallest increase in five months, and a Labor Department report showed April 6. The median estimate in a Bloomberg survey of economists was for an increase of 205,000.

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MCX Commodities Technical Levels 31-Jan

Commodity	Contract	S2	S1	PP	R1	R2
GOLD	4-Feb'12	27750	27909	28000	28159	28249
	5-Apr'12	28143	28303	28395	28555	28647
28523
SILVER	5-Mar'12	56121	56542	56841	57262	57567
	5-May'12	56645	57437	57895	58677	59145
CRUDE OIL	20-Feb'12	4887	4913	4939	4965	4991
	19-May'12	4897	4938	4970	5011	5043
NAT GAS	25-Jan'12	132	135	138	140	143
	24-Feb'12	137	141	144	147	150
COPPER	29-Feb'12	414	417	421	424	427
	30-Apr'12	420	422	425	427	430
NICKEL	31-Jan'12	1043	1048	1056	1062	1069
	29-Feb'12	1052	1057	1064	1069	1076
LEAD	31-Jan'12	108	109	110	111	112
	29-Feb'12	109	110	111	112	113
ZINC	31-Jan'12	101	102	103	104	105
	29-Feb'12	102	103	104	105	106
ALUMINIUM	31-Jan'12	107	109	109	111	112
	29-Feb'12	109	110	111	112	113

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MCX Commodities Technical Levels 28-Jan

Commodity	Contract	S2	S1	PP	R1	R2
GOLD	4-Feb'12	27360	27650	27864	28154	28368
	5-Apr'12	28007	28171	28310	28474	28613
28523
SILVER	5-Mar'12	56208	56671	57031	57494	57854
	5-May'12	57539	57925	58263	58649	58987
CRUDE OIL	20-Feb'12	4891	4916	4957	4982	5023
	19-May'12	4935	4957	4992	5014	5049
NAT GAS	25-Jan'12	126	130	133	137	140
	24-Feb'12	135	138	140	144	146
COPPER	29-Feb'12	418	421	425	427	431
	30-Apr'12	423	425	428	431	434
NICKEL	31-Jan'12	1037	1050	1059	1071	1080
	29-Feb'12	1041	1056	1066	1080	1090
LEAD	31-Jan'12	109	110	111	113	114
	29-Feb'12	110	111	112	113	115
ZINC	31-Jan'12	102	103	105	107	109
	29-Feb'12	104	105	107	108	110
ALUMINIUM	31-Jan'12	107	108	109	110	111
	29-Feb'12	109	110	111	112	113

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MCX Commodities Technical Levels 24-Jan

Commodity	Contract	S2	S1	PP	R1	R2
GOLD	4-Feb'12	27320	27421	27506	27607	27692
	5-Apr'12	27705	27799	27878	27972	28051
28523
SILVER	5-Mar'12	54554	55141	55812	56399	57070
	5-May'12	55027	55691	56931	57507	58171
CRUDE OIL	20-Feb'12	4903	49964	4996	5057	5089
	19-May'12	4929	4992	5025	5088	5121
NAT GAS	25-Jan'12	105	114	119	128	134
	24-Feb'12	110	118	124	133	138
COPPER	29-Feb'12	411	416	419	424	427
	30-Apr'12	415	420	423	427	430
NICKEL	31-Jan'12	996	1005	1020	1029	1045
	29-Feb'12	1005	1013	1028	1036	1051
LEAD	31-Jan'12	106	108	109	111	112
	29-Feb'12	107	109	110	112	113
ZINC	31-Jan'12	99	100	101	102	103
	29-Feb'12	100	101	102	103	104
ALUMINIUM	31-Jan'12	108	109	109	110	111
	29-Feb'12	109	110	110	111	112

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