Tuesday, February 21, 2012

MCX Commodity Live Updates

Gold Silver Updates
We expect gold & Silver both will trade from higher level, buying position can be arise form the higher levels.
Taking cues from rise in gold prices coupled with upside in base metals, spot silver gained sharply by more than 1 percent in yesterday’s trading session. The white metal touched an intra-day high of $33.66/oz and ended its trading session at  the level of $33.6/oz on Monday. 

Copper Updates
Base Metal King Copper also shows upper trend & here Copper may go for more high. We clearly suggest that copper can be buy at higher level it may touch 414.50 & after this level it may go for highr. The metal touched an intra-day high of $8396/tonne and closed at the level of $8259/tonne yesterday. On the MCX, Copper February contract touched an intra-day high of Rs409.40/kg and closed at Rs407.6/kg on Monday.  

In other base metal Lead if cross the level of 103 then it may go for next leve of 105, Lead can be good commodity for buy today.

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