Wednesday, February 8, 2012

mcx gold tips, mcx silver tips, copper updates, crude updates for 08 Feb 2012

Bullion counter can trade with positive bias tracking strong international markets but investors will eagerly eye the euro zone debt solution. Gold can trade range of 28,250-28,500 and Silver may trade in the range of Rs. 57,500-57,800 in today's trading session. Base metals can remain sideways with positive bias. Copper can trade in range of 417-425 in MCX while lead may remain in range of 105-109 and zinc in range of 103-105. Copper prices steadied in London on Wednesday, after two straight days of losses. Crude oil can also trade with upside bias while natural gas can trade weak. Crude oil is trading at higher prices and trading above Rs. 4900. We expect that it may again touch the levels of Rs. 5000 in upcoming trading session.