MCX Commodity Trading Tips

MCX Commodity trading tips today includes MCX gold trend, silver MCX trend, gold support and resistance, Silver trading tips. MCX Gold trend for today is considered to be in HOLD SHORT position Gold is in sideways so for short term better buy above 28938.0 with stop at 27730.0 The oscillator is showing SELL signal.

MCX Gold support and Resistance :- Support for the Gold is 27863. Resistance for the Gold is 28293-28375-28471-28589

MCX Silver Trend :-  Silver is moving sideways so short term investor better to buy only above 61488.0 or hold with stop at 57120.0 The oscillator is showing SELL signal.

MCX Silver support and resistance :- Support for the Silver is 57407-57029-55501-55111-54855-.Resistance for the Silver is 58602. 

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MCX Gold Trend and Tips Today 2 March 2012

As on Thursday 1st March 2012 GOLD1 closed @ 28285.00 and we recommend Strong Buy for long term with stop loss of 26464.21 and Buy for short term with stop loss of 28052.07 and we also expect commodity to react on Following important levels today :-

Resistance 2	28559.39
Resistance 1	28446.32
Pivot	28270.33
Support 1	28123.68
Support 2	28010.61

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MCX Copper Updates NCDEX Tips Today 1 March 2012

LME base metals bore the brunt of the broad based selling in the commodity complex. However, the downside in Copper was limited, underpinned by monetary injection by ECB and better GDP numbers on US front. On MCX front , Copper is in HOLD LONG position In short term Copper is in strong up trend so hold with stop at 418 The Copper is now trading in highly overbought level. The oscillator is showing SELL signal.

MCX Copper Support and Resistance :- Technically MCX copper has following support and resistance levels S3- 415.25 S2-  419 S1-422.25 R1- 428.75 R2- 432.25 R3- 436

NCDEX KAPAS TREND

As on Wednesday 29th February 2012 KAPAS1 closed @ 818.40 and we RECOMMEND Buy for LONG-TERM with STOPLOSS of 763.73 and Strong Sell for SHORT-TERM with STOPLOSS of 882.71 and we also expect COMMODITY to react on Following IMPORTANT LEVELS Today :-

Resistance 2	848.99
Resistance 1	836.39
Pivote	819.8
Support 1	800.42
Support 2	787.81

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