Monday, February 27, 2012

MCX Commodity Tips ~ Intraday market updates today 27 feb 2012

Bullion counter is expected to remain sideways with some profit booking seen at higher levels. Gold prices can trade in range of 28,500-28,900 while silver in range of 58,000-59,000. In base metals Copper may trade in range of 415-420 while lead may remain in range of 105.50-107.50 and nickel in range of 970-990. Crude oil can also witness some profit booking at higher levels. Crude oil can trade in range of 5,350-5,450. Natural gas can also trade in range of 130-135.

MCX Gold may touch the levels of Rs. 29,000 and Silver may touch the levels of Rs. 60,000 in upcoming trading session. Copper has broken the uptrend line support and now 425 becomes its crucial resistance level. It has a good support of 404 level and final crucial support for it is 399 levels.

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