Market Update

Market Watch

Tuesday 4 December 2012

Mcx Gold, Silver, Copper Trends 04 Dec.2012



GOLD:
Trend updated for-Dec/04/2012.CMP-31262 The Gold is in long- term bull phase .Currently Gold is in strong downtrend with good momentum but volume is unsatisfactory The open interest is not increasing with trend .. The Gold is now trading in overbought level. The Gold is now trading in overbought level. The oscillator is showing SELL signal For short term Gold is in SELL position.Positionally Support for the Gold is 31095-.Resistance for the Gold is 31492-31565-31771-31889-31916-
SILVER:
Trend updated for-Dec/04/2012.CMP-61814 The Silver is in long- medium- short-medium- term bull phase .Currently Silver is moving sideways The oscillator is on SELL signal and Silver is coming down from overbought level .In last 1 month volatality is very less and fresh Buy can be considered in the Silver if it close above64399 or buy with strict stop at 60269. The oscillator is on SELL signal and Silver is coming down from overbought level For short term Silver is in HOLD LONG position.Positionally Support for the Silver is 61405-61240-60553-60008-.Resistance for the Silver is 62499-62920-

COPPER:
Trend updated for-Dec/04/2012.CMP-444 The Copper is in perfect uptrend .Currently Copper is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend . Cautious point is buying at higer levels seems decreasing. The Copper is now trading in overbought level. The Copper is now trading in overbought level. The oscillator is showing BUY signal For short term The current position is BUY and closed above 1 month high with volume signals up breakout.Positionally Support for the Copper is 433-432-429-426-425-. Immediate resistance for Copper is 447

Take two days Free Trial in Mcx Tips, Stock Future Tips, Positional Stock and Commodity Calls and gain sustainable profits in Stock and Commodity Market.

For more information visit http://www.capitalheight.com.



No comments:

Post a Comment