Gold Silver Tips Today

Today morning gold prices at Globex platform is seen trading at $1613 down by 0.45 percent from its previous close. The day is going to be good as many economic factors/indicators are expected from across the globe and we might see volatile day ahead. Gold prices as expected resisted around 28100, traders are adviced to sell the precious metal around 27900 -950 with strict stop loss of 28150 for the down side target of 27550 – 500.
MCX Gold (FEB.) Trend: Consolidate
Resistance2- 28300, Resistance1- 28050, Support1- 27600, Support2- 27350
Strategy: Buy on Lower Levels

Today morning Silver prices at COMEX/Globex platform are seen trading at $29.17 down by 0.25 per cent. The day is certainly looking good that prices are expected to correct. Already Asian equities are trading lower and euro currency is at negative. Silver prices are struggling to cross 54300 on higher end, hence traders can sell 53500 – 600 for the down side target at 52500.
MCX Silver (MAR.) Trend: Consolidate
Resistance2- 55900, Resistance1- 54900, Support1- 52100, Support2- 50900
Strategy: Buy on Lower 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.