Wednesday, November 2, 2011

MCX Commodity Market Updates & News Today

Today Trading in MCX Commodity Market is totally opposite from yesterday. Today all Bullions Metals MCX Gold, MCX Silver, Base Metals, MCX Copper, MCX Crude Oil are trading at higher prices. Only MCX Naturalgas is trading at lower prices today. Gold prices can open with positive note tracking strong opening in international markets. MCX Gold can trade in range of 27,400-27,600 in near term while MCX Silver can move in range of 54,500-56,500. Base metals can witness some short covering but will rise sideways movement will be seen. Crude oil can open on negative note continuing yesterday losses. Crude oil can test 4,400 in MCX.

Precious metals are trading higher on COMEX today.
Base metals are trading higher on International bourses today.
Crude oil is trading lower on NYMEX today.
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