Friday 21 September 2012

Pivots for MCX Metal traders for 21st September


Pivot Points for MCX Metal traders on 21st September


R3
R2
R1
Pivot
S1
S2
S3
ALUMINI
116.03
115.37
114.13
113.47
112.23
111.57
110.33
COPPERM
464.10
460.75
456.45
453.10
448.80
445.45
441.15
GOLD
32167.33
32083.67
31998.33
31914.67
31829.33
31745.67
31660.33
GOLDGUINEA
25891.33
25830.67
25761.33
25700.67
25631.33
25570.67
25501.33
GOLDM
32160.00
32084.00
32017.00
31941.00
31874.00
31798.00
31731.00
GOLDPETAL
3233.67
3226.33
3220.67
3213.33
3207.67
3200.33
3194.67
LEADMINI
124.03
123.12
122.33
121.42
120.63
119.72
118.93
NATURALGAS
157.40
155.40
153.60
151.60
149.80
147.80
146.00
SILVERM
65512.00
65031.00
64704.00
64223.00
63896.00
63415.00
63088.00
SILVERMIC
65492.33
65018.67
64698.33
64224.67
63904.33
63430.67
63110.33
ZINCMINI
115.30
114.50
113.55
112.75
111.80
111.00
110.05

All the metals are showing weak tendencies that could bring its price down.
Gold and silver are consolidating as I wrote before. For long term investors the current price of gold and silver looks attractive. The above chart of pivot points are for day traders.

Happy trading!!

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