Monday, 10 December 2012

Commodity Market View for 10th Nov. 2012

Bullion:
Gold prices are expected to bounce till 31500, for intraday one can buy around 31280 -31250 with a stop loss below 31150.
Silver prices also expected to bounce till 63200 -63300, one can buy on dip around 62600 -62500 with a stop loss below 62250.

Base Metal:
Copper prices have witnessed support at 440 -441 levels we expect prices to test 448 – 450 on higher end one can buy with a stop loss below 441.
Nickel prices are expected to trade within the range from 935 to 955 one can trade within the range with a positive bias with a stop loss below 928.
Lead prices are expected to trade within the range from 123 to 120 one can trade  within the range. Fresh buying recommended above 123 on closing
basis.

Energy:
Crude price are likely to remain sideways from 4750 to 4650 one can trade within the range. Exit  all long position below 4650 on closing basis.


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