Wednesday, May 4, 2011

MCX Trading Tips>> Daily commodity market report for today 04 May 2011

GOLDmcxJUN(m)
Technical Levels  
R3 - 23000 
R2 - 22720/880/22910
R1 - 22450/560/600 
Pivot - 22224 
S1 - 22320/22210 
S2 - 22160/22080 
S3 - 22120/21880

Trends
Intraday - Consolidate
Near Term - Up

SILVERmcxJUN(m)
Technical Levels  
R3 - 70000/72150
R2 - 66600/68000
R1 - 64000/65000
Pivot - 62830
S1 - 61900/61000
S2 - 59700/57000
S3 - 55300

Trends
Intraday - Down
Near Term - Consolidate

COPPERmcxJUN 
Technical Levels  
R3 - 440/442/446
R2 - 429/435/438
R1 - 420.20/424/426
Pivot - 418
S1 - 416.30/414
S2 - 410/407/404
S3 - 400/397/388

Trends
Intraday - Consolidate
Near Term - Down

NICKELmcxMAY
Technical Levels  
R3 - 1248/1280
R2 - 1232/1243
R1 - 1222
Pivot - 1218
S1 - 1201/1194/1187
S2 - 1177/1162/32
S3 - 1128/1100

Trends
Intraday - Up
Near Term - Consolidate

LEADmcxMAY
Technical Levels  
R3 - 131/135/145
R2 - 121/124/129
R1 - 114/116/118
Pivot - 112.50
S1 - 111/110
S2 - 108/106
S3 - 103/100/98

Trends
Intraday - Down
Near Term - Consolidate

ZINCmcxMAY
Technical Levels  
R3 - 108.6/109.8
R2 - 105.50/107.8
R1 - 101.10/102.80
Pivot - 100.80
S1 - 99.5/97
S2 - 94/92
S3 - 90/88/85

Trends
Intraday - Down
Near Term - Down

CRUDEmcxMAY
Technical Levels  
R3 - 5180/5300
R2 - 5065/98/5120
R1 - 4980-5000/5040
Pivot - 4948
S1 - 4920/4900
S2 - 4852/4820
S3 - 4800/4760/4490

Trends
Intraday - Up
Near Term - Consolidate

NAT. GASmcxMAY 
Technical Levels  
R3 - 221/230
R2 - 217/219
R1 - 211-212/214
Pivot - 209
S1 - 207/203/199
S2 - 194/192
S3 - 186/178

Trends
Intraday - Consolidate
Near Term - Up

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