MCX commodity market news and trading tips today
Monday, January 9, 2012
Today Gold, Silver, Copper, Crude oil and other base metals in MCX Commodity market are trading at negative prices. Copper is trading below Rs. 400. We expect that all are trading at lower prices today due to strong dollar price.
Gold prices have support at Rs 27,300/10gms and resistance at Rs 27,750/ 10gms. Silver prices have support at Rs 50,900/kg and resistance at Rs 52,500/kg. Copper prices have support at Rs 395/ kg and resistance at Rs 402/kg. Crude oil prices have support at Rs 5,260/ bbl and resistance at Rs 5,400/bbl.
Gold prices have support at Rs 27,300/10gms and resistance at Rs 27,750/ 10gms. Silver prices have support at Rs 50,900/kg and resistance at Rs 52,500/kg. Copper prices have support at Rs 395/ kg and resistance at Rs 402/kg. Crude oil prices have support at Rs 5,260/ bbl and resistance at Rs 5,400/bbl.
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