Tuesday, January 15, 2013

MCX Tips Trend Commodity Market

MCX gold is now recovered its losses and now trading in a uptrend at Rs 30800 levels with a gain of 0.20 percent, while silver is trading at Rs 58993 levels. The mcx silver is currently bullish with gain of near about 0.43 percent. On MCX Crude oil has risen to 0.20% and currently trading at Rs 5,113 levels. At commodity MCX market base metals are trading in a declined trend. MCX Aluminum is declined by 0.32 percent, mcx copper is showing loss of 0.07% and lead and zinc is also trading in a declined phase. Although nickel is looking a little edgy. MCX Copper February futures is advised to Sell near 444 levels with a stop loss of 449 and the target of 438 levels.