Wednesday, 20 February 2013

Commodity News For 20th Feb 2013





Gold:

Price of Gold are expected to be weaken upto 29800-29500. Which cause rise in selling. It is adviseable to be strategic due to weak short term trend.

Silver:

Prices unable to hold 56000 level, which causes a fresh selling. Prices for the day expected around 54800-54500. 

Copper:

Prices are expected to down upto 432. Intraday resistance can move from 441 to 434. It is adviseable to trade around 440 with SL above 442.

Nickel:

Prices are expected to reveal a pressure of selling around 935-930. It is adviseable to buy around 935-930 with SL below 927 only if price below around 950-955.

Lead:

Prices hold support at 128. It is adviseable for the trader to go long with a SL below 127.50, if intraday day resistance can be seen above 128.n. Expected range for the day trade 129.60-130.

Crude:

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



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