Friday, 22 February 2013

Commodity News 22nd Feb 2013





COMMODITY NEWS


Bullion


Gold:

Price of Gold hold support at 29600.It is adviseable to be trade with SL below 29500 for the target 29850-29900.

Silver:

Prices move around 54600-54800,It is advisable if prices sustain above 54100 day traders can buy around 53850-53700. 



Base Metal


Copper:

Prices are expected to move around 432-433.50. It is advisable to buy around 430-429 with SL 426.50. 

Nickel:

Prices are expected to move around 930-935. Day traders are advised to buy with SL below 915.

Lead:

Prices expected  to move around 128-128.50.Day traders are advised to buy around 126 with SL below 125.



Energy


Crude:

Prices expected to move around 5080-5070. Intraday resistance can move around 5070-5150.Day traders are advised to trade if prices sustain above 5080 with SL 5065.



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