MCX Commodity tips for 17th Jan 2013

Bullion :

MCX Gold seems positive for the day. Support expected around 30820 & 30720; intraday resistance can be seen near 30930 & 31030. Day traders are advised to buy around 30820 with SL 30720, for the target of 30930 & 31030
MCX Silver seems positive for the day. Support expected around 59200 & 58700; intraday resistance can be seen near 59700 & 58700. Day traders are advised to sell around 58700 with SL 58700, for the target of 59700 & 60200.

Base Metal :

MCX Copper seems to be slightly negative for the day. Support expected around 437 & 434; intraday resistance can be seen near 441 & 444. Day traders are advised to sell around 441 with SL 444, for the target of 437 & 434.

MCX Lead seems negative for the day. Support expected around 123.20, 122.10, intraday resistance can be seen near 124.50 & 125.60 Day traders are advised to Sell around 124.50 with SL 125.60 for the target of 123.20 & 122.10

MCX Nickel seems to be negative for the day. Support expected around 946, 936, intraday resistance can be seen near 963 & 972. Day traders are advised to sell around 946 with SL 936 for the target of 963 & 972
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MCX Aluminium seems to be negative for the day. Support expected around 109.70, 108.60, intraday resistance can be seen near 111.40 & 112.50 Day traders are advised to Sell around 111.40 with SL 112.50 for the target of 109.70 & 108.60

Energy :

MCX Natural Gas seems positive for the day. Support expected around 185 & 182 intraday resistance can be seen near 189 & 192. Day traders are advised to sell around 185 with SL 182 for the target of 189 & 192.
MCX Crude oil seems positive for the day. Support expected around 5120 & 5070; intraday resistance can be seen near 5190 & 5240. Day traders are advised to buy around 5120 with SL 5070, for the target of 5190 & 5240.

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