Tuesday, February 1, 2011

Sure Shot Mcx Trading Tips

The other day precious steel created higher of 20139 and low of 19515 but handled to shut at 19927. Exclusive Gold created "Bullish Engulfing" design which is change as well as favorable indication for this gold. To get into in the favorable location completely, precious steel is still to show some in place activity. First challenge is to corner its 20 DEMA of 20145. If precious steel give its ending below 20000 for 2 days it may tumble until 19450.

Silver is just dealing below its 20 DEMA of 43289. Exclusive, silver turned higher on the again of some geopolitical concern but one has to wait and watch how far these concern will last. US economic climate is recuperating and this is adverse indication for bullions. On the again of restoration is a guarantee marketplaces, we expect that gold will experience pressure at higher part.

Lead taken good assistance near 108. Withdraw move can not be decided out. At higher part it will experience level of resistance at 114 above that it can move until 119. Disadvantage there is a very strong assistance at 108 below which it may tumble until 106.30.

On the home front, raw oil commodity dropped by Rs. 43, or 1.08%, to Rs. 3,924.00 per gun barrel each morning time on the again of monitoring vulnerable hints from the international industry. Crude commodity exchanged with adverse note in New You are able to as US Work Office revealed that US unemployment Statements improved by 51,000 to 454,000 in last weeks time increased the concern that restoration will be slow in the globe's biggest oil taking country.

Moreover, US Resilient goods purchases also lowered to -2.5% in Dec against the past figure of -1.3% in Nov, according to the US Age Institution. A 1.5% improve was predicted in this review. Negative economic data affected the need perspective for raw oil in US that encouraged the costs lower in worldwide industry.

The top gainers at MCX are Normal gas for Goal agreement (0.74%), Normal Gas for Feb agreement (0.60%), Gold for Sept agreement (0.60%), Crude Hand Oil for Jan agreement (0.50%) and Crude Oil for Feb agreement (0.34%) (At 10:51 A.M today)

Crude for Feb agreement, at MCX, is dealing at Rs.3,933.00 per gun barrel (down by 0.86%) after starting at Rs. 3,961.00 against the past near of Rs. 3,967.00 with intra-day low of Rs. 3,924.00 until the dealing. (At 11:01 AM today).

Crude palm oil commodity costs improved for the third straight day these days as investors increased their opportunities, pushed by a rise in need in the spot industry. At MCX future, Crude Hand Oil for Jan agreement is dealing at Rs 560.50, up by 0.25 %, Crude Hand Oil for Feb agreement is dealing at Rs 567.50, up by 0.11 % and Crude Oil for Goal agreement is dealing at Rs 569.00, up by 0.09 %. (At 11:04 A.M today)

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