Thursday, February 16, 2012

Live Commodit Updates, Crude & Copper updates

Tag
MCX Gold Trend
Gold seems in consolidate phase & from this level we suggest that hold your position untilll gold will touch for more high. Prices have been consolidating in a tight range for past few days.  Anyhow, a solid break above 28050 region could lure buying interest towards 28210 /270 or even more towards 28400. But failed attempts to break 28050 region could generate major selling pressure towards 27900/820 or even lower towards 27640.  

Base Metal & Crude Updates
Crude Oil under the buying phase & clearly seems to be in bullish pattern. We suggest it for buy now. Crude may touch the next level of 5035+. While in other base Metal, Copper & Lead both are for sell. We suggest it for Sell form this level. 

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at 2/16/2012 06:08:00 PM

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