Market Update

Market Watch

Tuesday 1 January 2013

Mcx Market Live Watch

GOLD:
 Trend updated for-Jan/01/2013.CMP-30859 Overall trend of the Gold is bearish for medium-long term .Currently Gold is moving sideways The Gold is now trading in overbought level. The Gold is now trading in overbought level. The oscillator is showing BUY signal .In last 1 month volatality is very less Buy the Gold above 31661 or buy with strict stop at 30249. 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 SHORT position.Positionally Support for the Gold is 30647-.Resistance for the Gold is 31038-31177-31380-31445-31473.

SILVER:
Trend updated for-Jan/01/2013.CMP-57864 Overall trend of the Silver is bearish for medium-long term .Currently Silver is moving sideways The Silver is now trading in oversold level. The Silver is now trading in oversold level. The oscillator is showing SELL signal .In last 1 month volatality is very less Buy the Silver above 63317 or buy with strict stop at 56994. The Silver is now trading in oversold level. The Silver is now trading in oversold level. The oscillator is showing SELL signal For short term Silver is in SELL position.Positionally Immediate support for Silver is 56994.Resistance for the Silver is 58215-59312-60572-60894-60994-61561-

COPPER:
Trend updated for-Jan/01/2013.CMP-444 The Copper is in perfect uptrend .Currently Copper is moving sideways The oscillator is showing SELL signal but has moved past its recent high with good volume points to a positive break out . The oscillator is showing SELL signal For short term Copper is in SELL position and closed above 1 week high with volume signals up breakout.Positionally Support for the Copper is 441-439-437-434-431-. Immediate resistance for Copper is 446

CRUDE OIL:
Trend updated for-Jan/01/2013.CMP-5015 The Crudeoil is in perfect uptrend .Currently Crudeoil is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend . In last few days lot of positive accumulation happened in the Crudeoil Cautious point is buying at higer levels seems decreasing. The oscillator is showing BUY signal For short term The current position is BUY .Positionally Support for the Crudeoil is 4939-4873-4865-4819-4783-4773-. Immediate resistance for Crudeoil is 5060


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