Friday, August 12, 2011

MCX & NCDEX Commodity Market Updates

Precious metals are trading mixed in COMEX today. Base metals are trading higher on International bourses today. Crude oil is trading marginally higher on NYMEX today. Gold prices receded from historical record levels on Thursday. Copper prices staged a strong performance on Thursday. The crude oil prices surged once again on Thursday and prices moved higher by over 3 percent for the day.

CHANA NCDEX AUG CLOSE PRICE 2976- Chana has support at 2950 which if breached can be seen approaching 2925. Whereas resistance is at 3005-3028. Mixed trade with firm bias is expected today.

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