MCX lead, Gold, Silver, Copper Tips and Trend Today

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Mcx Lead Trend today :- Lead prices are expected to trade positive unless it breaks 103 on lower end. We expect prices to head higher till 105.50 -105.70. Supprt- 104-102.10 Resistance- 104.50-106.50 

Copper Updates Today :- Copper is likely to edge up during the morning session on Tuesday, 17 July 2012, as the hopes of more monetary stimulus from the U.S. Federal Reserve were more evidenced after weak retail sales data showed that the world's largest economy was slowing. Copper is likely to find support at Rs. 423 per kg and Rs. 420.6 per kg and resistance at Rs. 427.6 per kg and Rs. 429 per kg. 

Mcx Silver Trend Today :- Silver prices are likely to hold 52500 on closing basis, we can expect a bounce till 53500. One should buy around 52500 with a stop loss below 52000. Support- 52400-51500 Resistance- 52850-53600 

Mcx Gold Updates :- Gold prices are expected to trade within a broad range from 29100 to 29450. One can buy on dips around 29150 with a stop loss below 29050. Prices are expected to trade positive for the day. Support- 29200-29050 Resistance- 29350- 29550 

MCX August gold futures may open today's session near Rs. 29300 levels with resistance near Rs. 29350 and Rs. 29400 levels. It closed higher by Rs. 12 (0.04%) atRs. 29,280 per ten grams. Prices rose to a high of Rs. 29,330 per 10 grams and fell to a low of Rs. 29,173 per 10 grams during the day's trading. 

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