Tuesday, 23 October 2012

Commodity News and Updates for 23 Oct. 2012



BULLION :
Gold prices are expected to trade within a range from 30950 to 31200. One can trade within the range with a negative bias.  Fresh  selling could trigger below 30950.
Silver prices are  expected to trade within the range from 59000 to 60200. One can sell on rise around 60000 with a stop loss above 60350.

BASE METTLE :
Copper  prices  are  expected  tested the  support at  428 on lower end, if sustains below 428 prices are expected to test 424 -423. one can sell on rise around 431 - 432 with a stop loss above 435 for intraday.
Nickel prices are expected to trade within the range from 875 to 900. One can trade within the range with a positive bias maintain a stop loss below 870.
Lead prices as expected to trade lower till 109 – 109.50, we expect prices to bounce from these levels till 112. One can trade within the range form 109 to 112 for the day.

ENERGY: 
Crude  price  are expected to  remain under pressure  till 4730  – 4720whereby it seems to hold. one can buy around that levels with a stop loss below 4670. Prices are expected to bounce till 4830.


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