Thursday, December 15, 2011

Free Tips For MCX

Copper –406.00/Kg (Prev close)

The support for copper remains at 403/400 while it has resistance at 411/415 level. Copper hit a one-week low on Thursday as hopes for swift action to combat Europe's debt crisis were dashed after the European Central Bank underlined its reluctance to pave the way for bond buying on a large scale.

Crude-5155.00/Bbl (Prev close)

Crude NYMEX Jan ’12 98.34$/Bbl (Prev Close)

The support for Crude remains at 5108/5062 while it has resistance at 5220/5286 level. Brent crude fell below $108 on Friday, on growing concern that European policy makers will fail to deliver a concrete plan to tackle the euro zone debt crisis at a key meeting, an outcome likely to hurt prospects for demand.

Gold- 29096.00/10Gram (Prev Close)

Gold COMEX Dec’11 -1713.40$/Oz (Prev Close)

The support for Gold remains at 28885/28674 it has resistance at 29370/29644 level. Gold prices traded steady on Friday, as investors watched the progress of a crucial European Union summit with dwindling confidence that it would produce a cure for the two-year-old debt crisis.

Silver-56237.00/Kg (Prev Close)

Silver COMEX Dec’11-31.53$/Oz (Prev Close)

The support for Silver remains at 55514/54791 while it has resistance at 57397/58557 level. Silver prices traded steady on Friday, as investors watched the progress of a crucial European Union summit with dwindling confidence that it would produce a cure for the two-year-old debt crisis.

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