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07-02-13 commodity market news|tips for today

Discussion in 'Technical Analysis' started by dipali, Feb 7, 2013.

  1. dipali

    dipali New Member

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    Crude oil for February contact open slightly high from yesterday close, crude oil touch and intraday high of 5147 on MCX commodity market. Currently crude oil is in strong down trend with low positive movement for intraday trading. For intraday trading crude oil have a support level of 5100 with a resistance level of 5200.
    Buy crude oil above 5150 tgt 5160, 5170, 5185……….sl 5100
    Gold for April on MCX open at 30721 with an intraday high of 30725 at 10:30am. Movement in gold is not very high this week and low trend is expected on MCX. Meanwhile silver for March contract is very volatile in intraday on MCX, it open at 58369 and touch an intraday low of 58292 with a high of 58388.
    best commodity tips and
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