Monday, February 6, 2012

mcx gold tips, mcx silver tips, copper updates, crude updates for 06 Feb 2012

MCX Bullion Tips (Gold and Silver Updates):
Today gold and silver both are trading at positive prices. Gold futures (April) on MCX is expected to maintain its support above 27,650-27,950 levels. Gold price may touch the levels of Rs. 28,000 and Silver can trade in the range of Rs. 56,200-56,400 in today's trading session.

MCX Base Metals Updates (Copper Tips):
Base metals can remain sideways with some profit booking seen at current levels. Copper can trade in range of 415-425 in MCX while lead may remain in range of 107-110 and zinc in range of 103.50-105.

MCX Energy Updates (Crude oil Tips):
Crude oil futures may continue to show some weakness. Crude is trading in the range of Rs. 4740-4800. Naturalgas is trading at higher prices today and trading in the range of Rs. 124-126.