Tuesday, 9 October 2012

Commodity News For Today 9th oct 12


MCX Gold December Contract is looking slightly negative for the day. Market may find support near 31200 & 31090; intraday resistance can be seen near 31330 & 31420. Day traders are advised to sell intraday on rise. (Sell around 31330 with SL 31420, for the target of 31200 & 31090.)

MCX Silver December Contract is looking slightly negative for the day. Market may find support near 61200 & 60700; intraday resistance can be seen near 61700 & 62200. Day traders are advised to sell intraday on rise (Sell around 61700 with SL 62200, for the target of 61200 & 60700.)

MCX Natural Gas October contract is looking slightly positive for the day. Market may find support near 178 & 175 intraday resistance can be seen near 182 & 185 Day traders are advised to buy intraday on dips. (Buy around 178 with SL 175 for the target of 182 & 185.)

MCX Crude Oil October contract is looking slightly negative for the day. Market may find support near 4670 & 4620; intraday resistance can be seen near 4730 & 4790. Day traders are advised to sell intraday on rise. (Sell around 4730 with SL 4790, for the target of 4670 & 4620.)

MCX Copper November contract is looking slightly negative for the day. Market may find support near 431 & 428; intraday resistance can be seen near 434 & 437. Day traders are advised to sell intraday on rise. (Sell around 434 with SL 437, for the target of 431 & 428.)

MCX Nickel October contract is looking slightly negative for the day. Market may find support near 942, 932; intraday resistance can be seen near 955 & 964. Day traders are advised to sell intraday on rise. (Sell around 955 with SL 964, for the target of 942 & 932.)





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