Commodity News Updates for 30th Oct . 2012

BULLION:
Gold prices are expected to witness a range bound move from 31200 to 30950.
One can trade with a positive bias and buy on dips around 31000 – 30950 with
a stop loss below 30900.
Silver prices are  expected to  bounce till  60000  - 60100 one can  buy
around 59350-59250 with a stop loss below 58800. Prices are expected
to  trade within a broad range from 60100 to 58800. Fresh buying is
expected above 60100 on closing basis.

METALS
Copper prices are expected to trade within the range from 416 to 426, one
can trade with a positive bias as oscillators are at the oversold zone. One can
buy around 419 with a stop loss below 415.
Nickel prices are expected to trade within the range from 850 to 890. One
can trade within the range with a positive bias maintain a stop loss below
840. Prices  are trading near the strong support zone hence buying is
recommended.
Lead prices as expected to bounce 110 – 110.50, for intraday one can buy
around 108.30 with a stop loss below 107.

ENERGY
Crude price are expected to trade within the range from 4600 to 4700,
one can trade within the range with a side ways to positive bias.