MCX Commoditiy Tips Updates for Today

MCX Gold (FEB.) Trend: Consolidate
Resistance2- 28050, Resistance1- 27740, Support1- 27140, Support2- 26850
Strategy: Sell on higher Levels.

MCX Silver (MAR.) Trend: Consolidate
Resistance2- 55600, Resistance1- 54900, Support1- 52300, Support2- 51200
Strategy: Sell on higher Levels.

MCX Crude Oil (DEC.) Trend: Consolidate
Resistance2- 5190, Resistance1- 5110, Support1- 4980, Support2- 4910
Strategy: Sell on higher Levels.

MCX Copper (FEB.) Trend: Consolidate
Resistance2- 402, Resistance1- 396, Support1- 386, Support2- 381
Strategy: Sell on higher Levels.

MCX Commodity Updates: Gold Silver Copper Crude Trend for Today

International and domestic Crude Oil declined today. At Nymex Crude Oil is trading with 1% decline. At MCX Crude Oil is trading with about 2% decline at Rs 5052.
Weak position in the domestic market in both gold and silver are visible. On MCX Gold is trading down at Rs 28,775. Silver is also trading with a decline of 1% at Rs 56,420. The international market has also put pressure on gold and silver.
Today all the base metals are trading at 1 to 1.5% decline. MCX Copper is trading with around 1% decline at Rs 383. Pressure on LME Copper is also seen.
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Commodity Updates: Copper Trend Today

In International Market Copper has declined by 23% in the year 2011. But now in 1 month copper on the London Metal Exchange has returned to the lower level buying. In Crude Oil mixed trend is being witnessed. On MCX Crude Oil started the day with 0.75% up and is still going fast. Nymex Crude oil on the international market is sliding under $ 97.