Commodity Tips for 02 March 2012

COPPER (APRIL):
In the last week, below 436 likely to test 411.12and it made a low 413.2 and closes above 442. Looks good and ready to upside. The Cross over 431.12 with volume unexpected move.
Today trend is positive and above 427.54 looks good and buy

CRUDE (MARCH):
Trend is very bullish and holding 5410 mark no problem for bulls, buying opportunity declines and hold existing long.
Today overall trend is bullish and above 436 looks hot and buy side.

NICKEL (MARCH):
In the last week - 1035 is a major obstacle and downside support 980 close to watch out.
Today
Below 1010 time to sell side.

NATURAL GAS (MARCH):
Lastly the support is broken and below 139 is selling opportunity.

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sure shot mcx tips

Silver rises to as high as 27421 so far in previous sessions and the decisive break of 27000 confirms that rise from the level has resumed.

At current level, it has an immediate resistance at 27780 and thereafter a resistance at 28100. At current level, it has an immediate support at 27000 and thereafter a support at 26010.

Intraday bias remains on the upside and further rise should be seen to 27750 resistance zone next.
On the downside, below 27250 minor support will turn intraday bias neutral and bring retreat. But another rally would still be expected as long as 27000 support holds. Silver is still trading well above medium term rising trend line.

Gold and other metals surged on Friday after a slew of stronger global manufacturing data and a drop in
jobless claims in the U.S. pointed to higher commodities demand worldwide.Platinum and palladium climbed
to highs not seen since 2008. A weaker dollar was giving metals a further boost. Gold for June delivery, the
most active contract, rose $11.60, or 1%, to settle at $1,126.10 an ounce on the Comex division of the New
York Mercantile Exchange.

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