Mcx Commodity Market Updates and tips 21 May 2012

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MCX Commodity market Updates :- Gold is expected to trade on a positive note today, Silver on the other hand is expected to witness upside, on the back of upbeat global market sentiments.Crude oil prices are expected to trade on a positive note, taking cues from positive global market sentiments. With global leaders confirming the presence of Greece in the Euro Zone, market sentiments are expected to be upbeat. 

Mcx Tips Today :- Today commodity maket showing bullish sentiments,expert recommends to buy gold,crude oil and copper. 

Mcx Gold Tips :- Today Buy gold between the broad range of 28,800-28,850 with a stop loss of Rs 28,760 for a target price of Rs 28,975-29,150. 

Gold Trading levels :- Support -28850/28700 Resistance - 29080/29200 

Mcx Crude oil tips Today :- Buy crude at around Rs 5,040-5,050 levels with a stop loss to be placed at Rs 5,000 for the upside target of Rs 5,110 and above that Rs 5,150 levels. 

Crude Oil Trading levels :- support - 4980/4950 resistance - 5030/5060 

Mcx Copper tips Today :- Buy MCX copper contract around Rs 420 with a stop loss of Rs 416 for a target of Rs 427. 

copper trading levels :- support - 418/416 resistance – 422/425 

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