Friday 26 September 2014

Latest News on Mcx Industrial Metals

Lead:
Lead September prices have resistance at Rs.127.5 and can remain under pressure as far as it trades below this level. Only a breakout above Rs.127.5 can take prices higher towards Rs.129.0. On lower side prices have support at Rs.125.0.

Nickel:
Nickel September prices have resistance at Rs.1065 and as far as prices trades below selling can be seen there. Prices on lower side can fall towards 1040 and Rs.1030. Prices should not move above Rs.1075 to maintain negative outlook for the day. 

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Gold and Silver Market Trend

Gold prices are expected to have intraday support at $1220 i.e. Rs.26800-26850 and buying can be seen there. Prices on higher side can test $1230 i.e. Rs.27100 and again selling can be seen there. Prices should not fall below $1215 i.e. Rs.26700 to maintain the positive outlook.

Silver December prices are expected to intraday resistance at Rs.39600-Rs.39700 and selling can be seen there. Prices are expected to remain weak till it trades below Rs.40100. On lower side prices can test Rs.39100 and Rs. 38900. Day close below Rs.38500 will prices sharply lower towards Rs.37000.

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Commodity Market Latest News for Today

Gold futures for December delivery rose 0.2 percent

Silver futures for delivery in December fell 1.5 percent

Copper prices dropped to a 14-week low

Aluminum declined 1.2 percent to $1,950.50 a ton

Nickel, lead and zinc dropped in London,

Gold futures rose as a decline in U.S. equities reignited demand for an alternative asset. Silver futures for delivery in December fell 1.5 percent to $17.438 an ounce on the Comex, after reaching $17.27, the lowest since June 2010. Copper prices dropped to a 14-week low after a report showed demand for durable goods in August tumbled by a record in the U.S., the world’s second-biggest consumer of the metal.West Texas Intermediate rose to the highest level in a week as crude inventories shrank in the U.S., the world’s biggest consumer.

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Wednesday 24 September 2014

Latest News on Mcx Industrial Metals

Copper:
November Copper prices have crucial resistance at Rs.418.0 and as far as prices are trading below this level prices can trade sideways to lower. Prices on lower side can give fresh selling pressure if sustain below Rs.413.0 and can extend fall towards Rs.409.0. Only a breakout above Rs.418.0 will turn outlook positive.

Zinc:
Zinc September prices can face resistance at Rs.137.8-138.0 and can remain under pressure as far as it trades below Rs.139.0. Prices on lower side can have support at Rs.134.5-135.0 and again bounce can be seen.

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Ph: 0731-6619100

Gold and Silver Market Trend

Gold prices are expected to have intraday resistance at $1230 i.e. Rs.26800-26830 and selling can be seen there. Prices on lower side can test $1215 i.e. Rs.26500. Prices should not move above $1235 i.e. Rs.26950 to maintain negative outlook for the day.

Silver December prices are expected to intraday resistance at Rs.39750-Rs.39850 and selling can be seen there. Prices are expected to remain weak till it trades below Rs.40100. On lower side prices can test Rs.39100 and Rs. 38900.

www.marketmagnify.com
Ph: 0731-6619100