Base Metal tips,free commodity trend and tips,live mcx updates,bullion trend today
MCX copper Trend and Updates :- Copper is likely to trade on sidelines during the morning session on Wednesday, 13th June as the concerns over the rising borrowing costs in Spain coupled with the looming Greece elections weighs on the sentiment. Copper is likely to find support at Rs. 407.2 per kg and Rs. 405 per kg and resistance at Rs. 414.7 per kg and Rs. 417 per kg.
Gold Trend :- Gold prices are expected to test 30100 on higher end. However, one should
remain cautious in long position at these levels. If failed to cross 30100 one can
initiate a sell with a stop loss above 30180.
Silver trend :- Silver prices are expected to trade positive to the tune of 55900 prices
can further move up till 56700 one can hold buying position with a stop
loss below 54100.
Nickel trend :- Nickel prices washed out all the gains and ended lower, one can witness a
down move till 940 -935. For intraday one can maintain a stop loss above
961.
MCX lead trend :- Lead prices are expected trade within a range from 104.80 to 106.80,
resisting the middle Bollinger band. For fresh position one should wait for a
range break.
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