Wednesday, June 6, 2012

Commodity MCx Tips- Gold and Copper Trend

Gold firmed, rising in tandem with the euro and risky assets ahead of a European Central Bank policy meeting as investors watch for more action from policymakers to contain the euro zone debt crisis. Spot gold gained half a percent to $1,625.34 an ounce. Spot Gold is currently trading at $1559.50.

MCX Gold August is currently above 30000, it is trading up  points for
the day. Comex Silver is currently trading at $27.81 whereas MCX Silver July
is currently trading at `53809, it is down by `301.

MCX Copper is also Trading up by 0.70%.  Above 411, it can go upto 414-416 level.

Commodity Tips for Today-

MCX gold (August futures): Buy - 30000, stoploss of Rs - 29 850 and the target - 30 250

MCX Copper (June futures): Buy - 411.50, stoploss of Rs - 407.50 goal - 414.50-416-419


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