Saturday, 19 January 2013

MCX Commodity Tips For 18th Jan 2013



Bullion :

MCX Gold seems negative for the day. Support expected around 30640 & 30530; intraday resistance can be seen near 30820 & 30930. Day traders are advised to sell around 30820 with SL 30930, for the target of 30640 & 30530.

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

Base Metal :

MCX Copper seems 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.

Energy :

MCX Natural Gas seems positive for the day. Support expected around 186 & 183 intraday resistance can be seen near 191 & 194. Day traders are advised to buy around 186 with SL 183 for the target of 191 & 194.

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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