MCX Trading Tips>> Daily commodity market report for today 02 May 2011

GOLDmcxJUN(m)
Technical Levels  
R3 - 23000 
R2 - 22880/22910 
R1 - 22650/720 
Pivot - 22444 
S1 - 22600/22500 
S2 - 22420/350 
S3 - 22200/120/080


Trends
Intraday - Consolidate
Near term - Up

SILVERmcxJUN(m)
Technical Levels  
R3 - 72150/700
R2 - 70110/71000
R1 - 68600/69000
Pivot - 67710
S1 - 66900/66200
S2 - 65750/65000
S3 - 63000/60000


Trends
Intraday - Down
Near term - Consolidate

COPPERmcxJUN
Technical Levels  
R3 - 440/442/446
R2 - 421.50/425
R1 - 413.50/416
Pivot - 410
S1 - 407/404
S2 - 400
S3 - 400/397/386


Trends
Intraday - Consolidate
Near term -Down

NICKELmcxMAY
Technical Levels  
R3 - 1248/1280
R2 - 1220/1232
R1 - 1197/1208/1212
Pivot - 1188
S1 - 1170/1162
S2 - 1147/1143/32
S3 - 1128/1100


Trends
Intraday - Down
Near term - Consolidate

LEADmcxMAY
Technical Levels  
R3 - 117/121
R2 - 114/115.20
R1 - 112.50/113.10
Pivot - 111.80
S1 - 110
S2 - 107/105
S3 - 104/100/98



Trends
Intraday - Up
Near term - Down

ZINCmcxMAY
Technical Levels  
R3 - 108.6/109.8
R2 - 105.50/107.8
R1 - 101/102.30
Pivot - 101.20
S1 - 99.2/98/97
S2 - 94/92
S3 - 90/88/85


Trends
Intraday - Down
Near term - Down

CRUDEmcxMAY
Technical Levels  
R3 - 5180/5300
R2 - 5090/5120
R1 - 5000-20/5065
Pivot - 4980
S1 - 4950-30/4900
S2 - 4870-60/830
S3 - 4800/4490


Trends
Intraday - Consolidate
Near term -Up

NAT. GASmcxMAY
Technical Levels  
R3 - 221/230
R2 - 217/219
R1 - 210-11/214
Pivot - 209.20
S1 - 207/203/199
S2 - 194/192
S3 - 186/178


Trends
Intraday - Up
Near term - Up