Tuesday 20 November 2012

Commodity Market Range And Price For Today

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Gold Range Today :- Gold prices tested 31750 on higher end and ended with a doji, we expect prices to trade within a range from 31850 – 31500. If sustains below 31800 one can sell with a small stop loss above 31860. 

Silver Price And Range Today :- Silver prices are expected to remain positive one can buy on dips as we expect prices to head north till 62500 – 63000. One can buy around 61300 – 61400. 

Copper Range :- Copper prices are expected to trade positive on buying interest on lower end. Prices are expected to test 430 -432 on higher end. On lower end 426 -425 should as a support. One can enter long with a stop loss below 421. 

Crude Oil Update :- Crude price are expected to trade higher and test 4965 – 4975. One could book profit from longs and if sustains below 4975 then one can sell with a stop loss above 5010. 

MCX Tips Today :- Silver (Dec) Buy Above 61670 for target of 61900 / 62200 with stop loss of 61530. 
NCDEX Tips Today :- Jeera (Dec) Sell Below 14700 for target of 14550 / 14400 with stop loss of 14820.

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