Tuesday, January 31, 2012

MCX Commodity Updates for Today 31st Jan 2012

Bullion metals (Gold and Silver) may trade sideways today. Gold can trade in range of 27,800-28,300 while silver can trade in range of 56,700-57,500 in MCX. Base metals can remain on mixed note. Copper can trade in range of 418-425 in MCX while lead may remain in range of 109-115. Support for February copper is seen at Rs.414 while resistance is seen at Rs.425. Crude oil may trade with positive path while natural gas may open in red amid selling pressure. Crude oil is trading in the range of Rs. 4940-5000 today.

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