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Tuesday, May 7, 2013

MCX Tips Today with Support & Resistance Level

MCX Gold has been suffering from the selling pressure again in the local commodity market at Multi commodity Exchange Limited of India. MCX gold is being traded below the benchmark. Suddenly the gold holding of the world's largest gold fund holder SPDR has been dropped to 1062 tonne, which is the lowest in the time span of last 4 years.

Following the gold trend in the commodity market the silver is also being traded below the support level. At moment the mcx gold in intra day session is trading around 26900. MCX base metals are also trading with red signals.

MCX Intraday Trading Tips for Today
  • MCX Copper (June Futures): Buy at 399.50, stop loss - 397 and Target - 407
  • MCX Natural Gas (May futures): Sell at 214.50, stop loss - 217 and Target - 207