Thursday, 11 October 2012

Mtechtips has come out with its report on Gold, Silver, Copper, Nickel, Lead and Crude.


MTECHTIPS

Mtechtips has come out with its report on Gold, Silver, Copper, Nickel, Lead and Crude.

Gold prices are expected to trade within a range from 31250 to 31500. One can buy on dip around 31370 with a stop loss below 31250.

Silver prices are resisting at 62400 which is the downward sloping trendline. Prices can test 61400 61200 on lower end. Fresh buying recommended above 62400.

Copper prices are likely to trade sideways from 434 to 440. One can trade within the range with a positive bias.

Nickel prices are expected to test 920 one can look to buy the counter around 920 with a stop loss below 905.

Lead prices are expected to test 114 on lower end which seems to hold. For intraday one can buy with a stop loss below 113.

Crude price are expected to trade lower to the tune of 4830 -4800, one can sell on rise around 4890 -4900 with a small stop loss above 4920.

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