Market Update

Market Watch

Friday, 8 March 2013

Gold and Silver

Commodity trends of major commodities are updated daily for Intraday,Short term,Medium term and Long term.Investor/trader by Money CapitalHeight Research Pvt. Ltd. we provide Daily Mcx Tips for those who trade MCX market.

  • Silver futures for May delivery rose less than 0.1 percent
  • Gold futures for April delivery advanced 20 cents
  • Copper futures for delivery in May climbed 0.8 percent
  • Nickel, aluminum, tin, lead and zinc also rose in London.
  • Natural gas futures climbed to a 13-week high

Gold futures rose as the European Central Bank left interest rates unchanged, driving the euro higher against the dollar and boosting the appeal of the precious metal as an alternative investment. Silver futures for May delivery rose less than 0.1 percent to $28.808 an ounce on the Comex. The price gained for the fifth straight session, the longest rally since Jan. 23.

Technical View: 


Trend            • Consolidate

Strategy           • Sell on high

Resistance      • R2 - 29950

                          • R1 - 29680

support            • S1 - 29280

                          • S2 - 28850


Trend          • Consolidate
Strategy      • Sell on high

Resistance  • R2 -57750

                      • R1 -55870

support        • S1 - 53350

                      • S2 - 52200

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