MCX Bullion (Gold and Silver) Tips:
Gold futures may witness some short covering after yesterday razor sharp fall after Bernanke comments. Gold may trade in range of 27,800-28,200 while silver can trade in range of 56,500-58,500. Yesterday Silver touch its high levels of Rs. 61,000 but after that decrease 5% and closed near at Rs. 57,000.
MCX Base Metals Tips (Copper Updates):
All base metals are trading at negative levels today. Base metals may remain sideways due to better china PMI data released today.Copper may trade in range of 422-428 while lead may trade in range of 106.5-108.50.
MCX Energy Tips (Crude Updates):
Energy: Crude oil prices may trade sideways. Crude oil can trade in range of 5,200-5,300 in near term. MCX natural gas is trading in the range of Rs. 125-129.
Gold futures may witness some short covering after yesterday razor sharp fall after Bernanke comments. Gold may trade in range of 27,800-28,200 while silver can trade in range of 56,500-58,500. Yesterday Silver touch its high levels of Rs. 61,000 but after that decrease 5% and closed near at Rs. 57,000.
MCX Base Metals Tips (Copper Updates):
All base metals are trading at negative levels today. Base metals may remain sideways due to better china PMI data released today.Copper may trade in range of 422-428 while lead may trade in range of 106.5-108.50.
MCX Energy Tips (Crude Updates):
Energy: Crude oil prices may trade sideways. Crude oil can trade in range of 5,200-5,300 in near term. MCX natural gas is trading in the range of Rs. 125-129.
