Friday, May 20, 2011

MCX trading tips and commodity market report today

At the Multi Commodity Exchange (MCX), COMDEX is trading up by 13.55 points, or 0.40%, at 3,400.23 after opening at 3,387.46. Other index like MCXMETAL is trading upward by 32.19 points, or 0.73%, at 4,422.48 after opening at 4,392.32. Meanwhile MCXENERGY is trading down by 0.19 points, or 0.01%, at 3,135.18 after opening at 3,126.71. MCXAGRI is trading up 6.63 points, or 0.26%, at 2,566.04 after opening at 2,560.29.

Gold - silver on the lower level is to see some light shopping. Comacs close to the gold is around $ 1500. Comacs there is silver on top of $ 35. Fall in crude prices since the last session showed today fast. Comacs the crude oil close to $ 100. While crude oil in the domestic market has moved down to Rs 4500.

Lead: Support for MCX Lead May contract is seen at Rs108.5 while Resistance is seen at Rs 112.5.

Nickel:
Support for MCX Nickel May contract is seen at Rs 1045 while Resistance is seen at Rs 1,100.

Zinc:
Support for MCX Zinc May contract is seen at Rs 95 while Resistance is seen at Rs 98.8.

Aluminium:
Support for MCX Aluminium May contract is seen at Rs 110.5 while resistance of Rs 114.

Copper:
Support for MCX copper June  is seen at Rs.398 while Resistance is seen at Rs 411.

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