Thursday, February 23, 2012

MCX Trading Tips ~ Intraday market updates today 23 feb 2012

MCX Gold Tips, Silver Trends:
Bullion counter is expected to remain on firm note and gold prices in MCX can test of 28,900 while silver can test 58,000. Gold prices were little changed on Thursday, hovering below a three-month high hit in the previous session.

MCX Base Metals Tips, Copper Updates:
Base metals may continue to trade on volatile path. Copper may trade in range of 415-425 while lead may remain in range of 100-105 and nickel in range of 985-1000. Support for February copper is seen at Rs.410 while resistance is seen at Rs.421.

MCX Energy Tips, Crude Updates:
Crude oil can trade in range of 5,200-5,300 in near term as weekly inventory data will guide further direction to the prices. Oil dropped from a nine-month high in New York after a report showed crude stockpiles increased in the U.S., the world`s biggest consumer of the commodity.

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