Today's Commodity Tips For Gold Copper Silver 27 Apr 2012

Our "Commodity Tips" Experts suggests to buy copper contract on the MCX suggests buying at around Rs 427.78-428.78 per kilogram levels on the MCX Copper with a stop loss to be placed at around Rs 422.45 per kilogram and the targets in the range of Rs 434.78-435.47 per kilogram levels.

MCX Silver has a major support at Rs 55,258 per kilogram and if prices are able to break these levels after this a sharp correction can be seen till Rs 53,210 per kilogram and recommends Rs 55,741.3-55,900 per kilogram levels as for sell having stop loss to be placed at 56,300 per kilogram for the downside target of Rs 55,231 per kilogram and below that Rs 54,600 per kilogram in next two days.

MCX Crude Oil trade in the range of Rs 5,462.78-5,540 per barrel and high strong resistance near the Rs 5,521 per barrel mark. Hence traders can go short for this commodity at current levels and rally to Rs 5,521 per barrel with stop loss above Rs 5,537 per barrel for a downward target objective of Rs 5,444-5,400 per barrel.

MCX Gold prices have inched higher in lines and the prices are having strong resistance around psychological Rs 29,027 per 10 grams levels and suggest for buy gold on moves above Rs 29,214 per 10 grams with a stop loss of Rs 28,828 per 10 grams and a target of Rs 29,501per 10 grams.

For Natural Gas only check above 111.45 sharp move and made a high 121.48 Time is for to change the trend and above 111.45 no need to sell.

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Intraday Commodity Tips for Today

GOLD (April)
The overall trend is sideways for today but any decline to buy opportunity. In the last week it made a high of 29141, a low of 27571, and is managed to close above 291400 indicating small trading range. Any dip to buying opportunity considering resistance 29510.
For Today MCX Gold:
Buy and Buy
Small trading range
28450 to 28254...

SILVER (March)
Silver looks good and decline to buy opportunity after making a high of 57910 and above, unable to sustain and made a low of 55661 and close above 56121. As long as holds the 56100-level, trend is positive and buying opportunity. The higher-level major revolution above 58100 if crossover with volume.
Today :
Buy and Buy and Downside support 55540-55980

COPPER (FEB)
As mentioned last week, below 425 do not hold this counter. It made a low of 403 and closed below major support level of 406. In this week, consider resistance at 412, sustained above it will move further and may test 425-430, downside support at 400-395-390. Fresh short build-up was seen...
Today:
Some selling pressure at higher level

CRUDE (FEB)
In the last week above 5210 do not hold short position and sharp move cannot be ruled out any time, and it actually did so above 5231 more upside.
Today:
Some positive was seen but profit booking at higher level as long as holds 5210, up-move continues.

NICKEL (FEB)
In the last week - below 1210 bear favor, more bear favor once closes below 1036, and play for short-sell in open quantity. For this week, consider resistance 995-1021 and downside support 990.
Today:
Sell on rise and below 1036 bear favor.

NATURAL GAS (FEB)
Unable to break 136 level and started some upward movement. Last week it made a high of 145 and closed at 145... Short-term trend is positive and likely to test 149+ short-term. Buy on decline strategy as long as holds 121-136 range.

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Commodity Tips for Today

Commodity Prices

Gold 27322.08
Silver 51043.59
Crude Oil 5298.00
Natural Gas 161.40
Aluminum 106.95
Copper 405.85
Nickel 990.60
Lead 107.45
Zinc 98.59

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