MCX Bullion Tips for today

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COMMODITY TRADING LEVELS, BULLION TIPS AND TRENDS FOR TODAY 23 SEPTEMBER

COPPER (Nov) – copper’s Aug contract which is going to expire on 30 Nov 2011, is expected to trade between the broad ranges of 380 to 405 Expected resistance and support level for today trade are as follows.

RESISTANCE:  R1- 391   R2- 398

SUPPORT:       S1- 375   S2- 371

CRUDE OIL (Oct) – expected resistance and support levels for the crude July contract with expiry date of 19 oct 2011 are:

RESISTANCE:  R1-4050 R2 - 4120

SUPPORTS:     S1-4001 S2-  3960      

  

GOLD (Oct) - gold august contract which will expire on 5^th Oct 2011.gold is deviating as the US debt default concern made the investors cautious. Resistance and support levels for the today’s session are:

RESISTANCE:  R1-28100   R2-28500

SUPPORTS:     S1-27450   S2-27300

SILVER (Dec) -   silver closed at 61884.silver traded in bearish mood with heavy intensity. Expected resistance and support level for today trade are as follows.

RESISTANCE:  R1-62500 R2-63100

SUPPORTS:     S1-61450 S2-61100

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