Market Update

Market Watch

Tuesday, 12 February 2013

Mcx Market Watch

Money Capitalheight research Pvt. Ltd is a financial advisory company provides our traders Commodity trends, Mcx Tips of major commodities are updated daily for Intraday, Short term, Medium term and Long term. Investor/trader can click on respective commodity to get the trend.
Today's Mcx Tips

Trend updated for-Feb/12/2013.CMP-30640 Overall trend of the Gold is bearish for medium-long term .Currently Gold is in strong uptrend but volume is unsatisfactory The open interest is not increasing with trend . Cautious point is buying at higer levels seems decreasing. The Gold is now trading in overbought level. The Gold is now trading in overbought level. The oscillator is showing BUY signal For short term Gold is in HOLD LONG position.Positionally Support for the Gold is 30418-30327-30282-.Resistance for the Gold is 30845-31137-31170-

Trend updated for-Feb/12/2013.CMP-57661 Overall trend of the Silver is bearish for medium-long term .Currently Silver is moving sideways The oscillator is showing SELL signal and has moved down its previous low with good volume points to a negative break out . The oscillator is showing SELL signal For short term Silver is in HOLD SHORT position and Silver closed below 1 week low with volume signals down breakout.Positionally Immediate support for Silver is 57312.Resistance for the Silver is 58441-58500-58934-58952-60072-60119-
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