MCX Commodities Gold Silver Copper Crude Updates 08 June 2012
MCX Gold and silver looks weak due to down sharp & decline in comex. The crude oil slipped 2 percent, 1 percent decline in copper on the LME. With 0.5 per cent on MCX gold is trading at Rs 29 170. While silver has been 0.5 per cent fall to Rs 53 725. Crude oil slipped 1.5 percent on MCX is trading at Rs 4625. Around 0.25 to 1 per cent of base metals on MCX is seeing weakness. Around 1 per cent on MCX Copper is trading at Rs 407.35 with osteoporosis.
MCX Trading Tips for Monday 11 June 2012
you may Buy mcx gold above 29200 with Stop loss 29130, Target 29280 and the mcx silver is a Buy call above 53800 with Stop loss 53500, Target 54100.
MCX Copper Tips Buy above 408, Stop loss 406, Target 410.
Major Resisatnce at LME 9600.
Bullish till LME 8500.
MCX lead Buy above 105.70, Stop loss 105.20, Target 106.20.
MCX Zinc Buy above 104.30, Stop loss 103.90, Target 104.80.