MCX NCXDEX TIPS FOR TODAY 13 FEB,Bullion trend today,mcx silver tips today,NCDEX AGRI TREND TODAY,GOLD FREE TIPS,LEAD TREND TODAY,CHANA TIPS TODAY 13 FEB,NCDEX TIPS,NICKEL TREND TODAY,NATURAL GAS TIPS,FREE COMMODITY TIPS,CRUDE OIL TIPS
MCX NCDEX TIPS TODAY:-After the rise on saturday.MCX NCDEX commodity market open at positive note today.Silver had corrected to levels below Rs 56,500 per kg on Friday. However, it recovered close to Rs 57,000 per kg by end of trade.We expect gold and silver to trade higher today on account of a weaker dollar coupled with revival in the markets due to easing Concerns over Europe’s debt crisis. Silver being an industrial metal will also take cues from movement in base metals.
Gold-MCX Gold Apr’12 support 28075/27875 resistance 28445/28620
Silver-MCX Silver Mar'12 support 56405/55890 resistance 57400/57880
Crude oil prices are expected to trade with a sideways bias today taking mixed cues from negative demand forecast from OPEC and EIA, supply concerns from Iran and a weaker dollar.
MCX Crude Feb’12- support 4886/4854 resistance-4957/5010
Lead trend-On a weekly basis, lead was the worst performer in the last week,as the metal declined sharply by almost 4 percent on the LME. Sharp rise in LME as well as Shanghai lead inventories and strength in the US dollar acted as a negative factor for the metal prices.
MCX Lead Feb’12-support 104.45/103.0 resistance 107.10/108.10.
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