Tuesday, 19 February 2013

Commodity News for 19th Feb 2013




Gold:

Price may bounce up to 30400 which cause continues selling pressure. Expected price for the day is around 30400-30000.

Silver:

Prices holding 56000, which may cause a bounce around 56800-57000. It is advisable to buy if price sustain 56000 with SL 55800. 

Copper:

Prices are expected to trade around 445-438. It is advisable to trade within the range.

Nickel:

Prices are expected to reveal a pressure of selling around 980-982. It is advisable sell with SL above 989 only if price below around 960-955.

Lead:

Prices  are revealing no follow up buying with fouls breakout. It is advisable to exit from long position. Expected range for the day trade 128-131.

Crude:

Prices reveals a negative move. Intraday resistance can move from 5270 to 5190. Selling is advisable for the day.


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