Market Update

Market Watch

Saturday 20 April 2013

Mcx Commodity Market Watch



Money CapitalHeight Research Pvt Ltd is a leading Stock Advisory Company, having a strong hold in providing most authentic and accurate Mcx Tips as well as Commodity Tips. 
 
GOLD:
Trend updated for-Apr/20/2013.CMP-25804 Overall trend of the Gold is bearish for medium-long term .Currently Gold is in strong downtrend and the trend is supported with good volume 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 Immediate support for Gold is 25169.Resistance for the Gold is 27384-28086-28714-29201-29648-29971-

SILVER:
Trend updated for-Apr/20/2013.CMP-42924 Overall trend of the Silver is bearish for medium-long term .Currently Silver is in strong downtrend and the trend is supported with good volume The open interest is not increasing with trend .. 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 42240.Resistance for the Silver is 47424-48746-50795-52630-54472-55508-

COPPER:
Trend updated for-Apr/20/2013.CMP-375 Overall trend of the Copper is bearish for medium-long term .Currently Copper is in strong downtrend and the trend is supported with good volume The open interest is not increasing with trend . In last few days volume based selling happened in the Copper. The oscillator is showing SELL signal For short term Copper is in SELL position.Positionally Immediate support for Copper is 368.Resistance for the Copper is 400-403-408-418-427-431-

CRUDE OIL:
Trend updated for-Apr/20/2013.CMP-4772 Overall trend of the Crude oil is bearish for medium-long term .Currently Crude oil is in strong downtrend but volume is unsatisfactory The open interest is not increasing with trend . In last few days volume based selling happened in the Crude oil. The Crude oil is now trading in oversold level. The Crude oil is now trading in oversold level. The oscillator is showing SELL signal For short term Crude oil is in SELL position.Positionally Immediate support for Crudeoil is 4645.Resistance for the Crudeoil is 4937-5003-5080-5099-5106-5123-

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