Monday, 7 January 2013

Commodity Intraday Tips for 7th Jan. 13



Bullion :
MCX Gold looking negative for the day. Market support near 30720 & 30620; intraday resistance near 30840 & 30940. Day traders are advised to sell intraday on rise. (Sell around 30840 with SL 30940, for the target of 30720 & 30620.)

MCX Silver negative for the day. Market support near 56800 & 56300; intraday resistance near 57700 & 58200. Day traders are advised to sell intraday on rise. (Sell around 57700 with SL 58200, for the target of 56800 & 56200.)

Energy :
MCX Natural Gas slightly looking negative the day. Market may find support near 178 & 175 intraday resistance near 182 & 185. Day traders are advised to sell intraday on rise. (Sell around 182 with SL 185 for the target of 178 & 175.)

MCX Crude oil  looking positive for the day. Market may find support near 5050 & 5000; intraday resistance near 5120 & 5170. Day traders are advised to buy intraday on dips. (Buy around 5050 with SL 5000, for the target of 5120 & 5170.)

Base metal :
MCX Copper looking slightly positive for the day. Market may find support near 448 & 445; intraday resistance near 452 & 456. Day traders are advised to buy intraday on dips. (Buy around 448 with SL 445, for the target of 452 & 456.)

MCX Lead looking negative for the day. Market may find support near 127.40, 126.20, intraday resistance near 129.50 & 130.70  (Sell around 129.50 with SL 130.70 for the target of 127.40 & 126.20)

MCX Nickel  slightly positive for the day. Market support near 951, 942, intraday resistance near 964 & 975. Day traders are advised to buy intraday on dips. (Buy around 951 with SL 942 for the target of 964 & 975.)

MCX Aluminium negative for the day. Market may find support near 111.90, 110.80, intraday resistance near 113.80 & 115 (Sell around 113.80 with SL 115 for the target of 111.90 & 110.80)

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1 comment:

  1. Commodities market is a fast growing market that makes available opportunities for trading of raw items or products.
    Commodity Intraday Tips

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