Sunday 9 September 2012

MCX trading on 10th September

The  MCX  traders can utilize the below mentioned chart for trading on 10th Thursday


R3
R2
R1
Pivot
S1
S2
S3
ALUMINI
113.63
112.42
111.48
110.27
109.33
108.12
107.18
COPPERM
464.48
455.87
451.33
442.72
438.18
429.57
425.03
CRUDEOIL
5478.00
5406.00
5356.00
5284.00
5234.00
5162.00
5112.00
GOLDGUINEA
26360.00
25990.00
25792.00
25422.00
25224.00
24854.00
24656.00
GOLDM
32988.67
32504.33
32243.67
31759.33
31498.67
31014.33
30753.67
GOLDPETAL
3334.67
3282.33
3245.67
3193.33
3156.67
3104.33
3067.67
LEADMINI
118.17
116.73
115.92
114.48
113.67
112.23
111.42
NATURALGAS
163.67
160.53
154.57
151.43
145.47
142.33
136.37
NICKELM
928.80
920.50
914.90
906.60
901.00
892.70
887.10
SILVERM
67793.33
65986.67
65030.33
63223.67
62267.33
60460.67
59504.33
SILVERMIC
67790.00
65985.00
65030.00
63225.00
62270.00
60465.00
59510.00
ZINCMINI
111.12
109.48
108.47
106.83
105.82
104.18
103.17


The metals have risen well along with gold and silver. We have to wait and see if a correction will be in. I believe it is due. The spread gap is now  7.65. When we see a reversal we could enter into a spread trade

The gold and silver is likely to see some higher levels from here.

Happy trading !

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