Friday, April 20, 2012

Commodity Tips Outlook For Today 20 Apr

Our MCX Commodity Report on Gold, Silver, Copper, Nickel, Lead , Copper and Crude.

MCX Gold prices are expected to trade within a range from 28710 to 28485, Sell on rise around 28550, 28910 with a stop loss above 2879650.The Oscillators are in positive territory.

MCX Silver prices are probable to trade within a broad range from 56710 to 55410, buy on dips around 55910 with a stop loss below 56300. Oscillators are in negative territory.

MCX Nickel prices are witnessing support on lower end around 914.67 -916.78 and resistance at 938.71 -939.46, prices are likely to trade within the range. Oscillators are heading up.
Lead prices are expected to trade within the range from 105.10 to 108.20. Oscillators are heading up.

MCX Crude Oil prices are expected to hold the support at 5410, with oscillators likely to head up. Maintain a stop loss below 5271 and prices are expected to test 5435 on higher end.

MCX COPPER in the last few weeks, after in front of a tremendous resistance at 454.78 and not able to cross, it finally broke down strong support level 429.43 and made a low of 411. Trend decider of this week – 420.78 and key level 434.78.

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